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What can you do with Ethereum Name Service?
Store/Hold Ethereum Name Service
Many users hold on to their Ethereum Name Service with the expectation of it increasing in value. You can store your ENS safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Ethereum Name Service
You can trade Ethereum Name Service for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ethereum Name Service trading to meet your needs.
Send Ethereum Name Service
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ethereum Name Service online and send to anyone and anywhere with their Ethereum Name Service address.
Spend Ethereum Name Service
You can also buy goods and services with your Ethereum Name Service. More and more vendors and retailers accept Ethereum Name Service every day.
Donate Ethereum Name Service
Bitget Charity accepts Ethereum Name Service donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ethereum Name Service so no one misses out on the growth made possible by blockchain.
Learn More About Ethereum Name Service
You can read more in-depth articles on Ethereum Name Service from Bitget Research and study how cryptocurrencies like Ethereum Name Service work on Bitget Academy
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What is Ethereum Name Service (ENS)?
Ethereum Name Service is a decentralized and public naming system for Ethereum. It offers services to make human-readable texts identifiable by machines and vice versa, thus making Ethereum-based products and services more easily accessible and comprehensible for human. The service can be used in any wallets, websites, and dapps on Ethereum. So far, 649k people have registered 2.8 million names in the system.
The system was initially a part of the Ethereum Foundation but later separated to become its own organization in 2018. As it is the first name service in Web3, Ethereum Name Service receives support from leading crypto institutions like Ethereum Foundation, Ethereum Classic Labs, Binanc, Protocol Labs, and Chainlink.
How Ethereum Name Service (ENS) Works
Ethereum Name Service provides services to associate complicated cryptographic strings with human-identifiable names. For example, when you want to send ETH to a friend's wallet, you need to know the public key of that wallet, which is a 42-hexadecimal-character string, and enter that string into the recipient box. If your friend registers that wallet address with the system and associates it with something like "friend-to-receive-eth.eth", you can input this string into the receiver address box instead of the original easy-to-mistake wallet address.
The registry of Ethereum Name Service is made up of a smart contract that contains all the registered domains and subdomains. Besides, it also maintains information about the domain owner, the resolver, and the Time-to-Live of all records. Among these three, the most important element is the resolver, whose responsibility is to translate domain names into cryptographic strings and vice versa.
How Many Ethereum Name Service (ENS) Tokens Are in Circulation?
ENS is the native token of the system that is used for both governance and utility. Its total supply is 100,000,000 and about 20% is in circulation.
How to Buy Ethereum Name Service (ENS)
Consider investing in Ethereum Name Service (ENS)? It only takes 2 minutes to create an account on Bitget and start trading ENS.
Check out the available ENS trading pairs on Bitget!
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Ethereum Name Service (ENS) Resources
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