Why?
Ethereum Name Service (ENS) is a decentralized naming system running on the Ethereum blockchain. It offers users the ability to convert complex Ethereum addresses into simple domain names that can be read and remembered by humans.
How does it work?
ENS is based on two core smart contracts:
Registry: Records all .eth domain names and their associated information (IP addresses, email addresses, etc.).
Parser: When a domain name is entered, it returns associated information from the registry.
What is it for?
ENS facilitates interaction with the Ethereum blockchain by simplifying the process of sending and receiving cryptocurrency. Instead of complex addresses, users can use domain names that can be easily remembered and shared, such as "alice.eth" or "bob.eth".
Who Founded It?
Ethereum Name Service (ENS) essentially does not have a single founder but was developed by a team. This team is led by Nick Johnson.
When did it started?
ENS's mainnet was launched on May 31, 2018.
Why is it important?
ENS helps promote cryptocurrency adoption by making the Ethereum ecosystem more user-friendly. It is also an important component of the core infrastructure of the decentralized web (Web3).
Additional Information:
ENS supports domains with the ".eth" extension, but other extensions may be added in the future.
Users can purchase and manage ENS domain names for a fee.
ENS is an open source project and can be developed and contributed by anyone.
