Ethereum Name Service (ENS)

By CoinGecko | Updated on Aug 12, 2021

The Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names instead of complicated sequences of letters and numbers. ENS features a registry smart contract that keeps track of all domain names, subdomains, owners, resolvers, and other information, as well as allowing the owner to update it. It works like the Domain Name System (DNS), but ENS is decentralized and more secure.

Related Terms

Consensus

Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.

Soft Fork

A backward-compatible update to a decentralized blockchain protocol.

Seed

A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.

Block Reward

One of the mechanisms built into a blockchain to incentivize validators

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