Name: Ethereum Name Service
Brand: Binance
Price: 6.06 USD
Availability: InStock

Price of Ethereum Name Service Today

The live price of Ethereum Name Service is $6.061874 per (ENS / USD) with a current market cap of $231.59M USD. 24-hour trading volume is $39.57M USD. ENS to USD price is updated in real-time. Ethereum Name Service is -2.67% in the last 24 hours with a circulating supply of 38.20M.

ENS Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.166113	-2.67%
30 Days	$-4.467219	-42.43%
60 Days	$-5.900198	-49.32%
90 Days	$-7.889124	-56.55%

Ethereum Name Service Chart Performance

24h Low & High

Low: $5.856187

High: $6.281494

The highest and lowest price paid for this asset in 24 hours.

All Time High

$85.69

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.07%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-2.67%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-11.83%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $5.856187

High: $6.281494

All Time High

$85.69

Price Change (1h)

+0.07%

Price Change (24h)

-2.67%

Price Change (7d)

-11.83%

What is Ethereum Name Service (ENS)?

Ethereum Name Service, known as ENS, is designed to operate as an innovative, decentralized naming system built on the Ethereum blockchain. Its core function is to translate Ethereum addresses, which are typically complex alphanumeric strings, into easily readable formats like 'john.eth.' This bi-directional conversion also associates metadata with these user-friendly Ethereum addresses, enhancing accessibility.

ENS operates using two primary smart contracts: the ENS registry and the resolver. The ENS registry records and maintains information about domain names, while the resolver translates these domain names back to machine-readable addresses and links them to their corresponding entities, be it users, websites, or addresses.

As per the project, ENS plays a key role in the digital domain naming space by transferring the concept of Domain Name Service (DNS) to the decentralized Web3 environment. Its unique value reportedly lies in its ability to simplify blockchain technology for users through user-friendly links, making it less intimidating and more accessible.

ENS's technology framework is anchored in blockchain's decentralized nature, ensuring it is resistant to censorship and inherently secure. Its governance token, ENS, is integral to protocol governance, influencing key decisions like pricing and the appointment of DAO voting delegates. ENS's functionality is underpinned by Ethereum's proof-of-stake consensus mechanism, bolstered by numerous decentralized nodes.

ENS primarily simplifies the receipt of cryptocurrencies and NFTs through memorable and straightforward links. It addresses the complexity often associated with blockchain technology, facilitating a more user-friendly experience.

ENS aims to become a fundamental component of the Web3 infrastructure, paralleling the indispensability of DNS in today's internet architecture. ENS has formed strategic partnerships with various wallets, including Coinbase Wallet and Trust Wallet, enhancing its integration and utility across the blockchain ecosystem.

Ethereum Name Service (ENS) has a total supply of 100 million tokens, with approximately 37.41 million ENS tokens currently in circulation.

Ethereum Name Service (ENS) is listed on Binance for trade and purchase. The current price of ENS is available and updated in real time on Binance.

People Also Ask: Other Questions About Ethereum Name Service

What is Ethereum Name Service (ENS) Used For?

Ethereum Name Service (ENS) serves as a vital bridge between the Ethereum blockchain and user accessibility. It primarily functions to convert complex Ethereum addresses into human-readable domain names like 'alice.eth'. This simplification is crucial in making blockchain and cryptocurrency transactions more approachable and manageable for average users. Additionally, ENS facilitates the linking of metadata to Ethereum addresses, thereby enhancing the utility and organization of blockchain data.

How To Buy Ethereum Name Service (ENS)?

Ethereum Name Service (ENS) can be purchased directly from Binance by using a debit or credit card. Ethereum Name Service (ENS) can also be traded for other cryptocurrencies on Binance. Live Ethereum Name Service price is updated in real-time on Binance. ENS price and purchase information is available for users to read on our How to Buy Ethereum Name Service (ENS) Guide.

How Do Network Consensus and Validation Work On ENS?

The Ethereum Name Service (ENS) uses a decentralized consensus mechanism based on the Ethereum blockchain. Domain names are issued and managed through a transparent and automated process involving smart contracts, ensuring security and decentralization. Users interact with these smart contracts to register, renew, or transfer domain names, with transactions validated by the Ethereum network's consensus mechanism. This setup aligns with the broader Ethereum blockchain's approach to consensus, ensuring that ENS benefits from the security of the underlying Ethereum network.

What is ENS Token Used For?

The ENS token plays a pivotal role in the Ethereum Name Service ecosystem, primarily serving as a governance token. This allows token holders to actively participate in key decision-making processes, influencing the direction and policies of the ENS project. Unique among governance coins, ENS token holders have the ability to vote on pricing strategies for .eth domains, contribute to the development of the platform, and participate in the decentralized autonomous organization (DAO). This level of direct engagement and influence in protocol governance sets the ENS token apart, offering holders a tangible impact on the future of Ethereum's web naming standard.

Who Is The Founder of ENS?

The founder of Ethereum Name Service is Nick Johnson, a notable figure in the blockchain and software engineering communities. Johnson's expertise stems from his experience at the Ethereum Foundation and Google, where he honed his skills in blockchain technology and software development. His leadership in ENS reflects a blend of innovation and technical proficiency, driving the project's success and relevance in the cryptocurrency domain.

What is the Maximum and Circulating Token Supply of ENS?

Ethereum Name Service (ENS) has a total supply of 100 million tokens, with approximately 37.41 million ENS tokens currently in circulation. This limited supply model is designed to maintain the token's value and scarcity, a common practice in the cryptocurrency market to encourage sustainable growth and investment.

What Makes ENS Different From Others?

ENS aims to distinguish itself in the digital asset space through its unique approach to domain name services in the context of blockchain technology. Unlike traditional DNS systems, ENS adapts to the decentralized and secure framework of Ethereum, offering a more resilient and censorship-resistant naming system.

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