-
Bitcoin
$91,198.00
2.21% -
Ethereum
$3,150.03
1.92% -
Tether USDt
$1.0000
-0.01% -
Solana
$217.65
2.47% -
BNB
$626.19
0.74% -
XRP
$1.04
25.85% -
Dogecoin
$0.3737
1.15% -
USDC
$0.9998
-0.03% -
Cardano
$0.7578
23.55% -
TRON
$0.1973
8.38% -
Shiba Inu
$0.0...02502
4.11% -
Toncoin
$5.58
5.12% -
Avalanche
$34.79
8.22% -
Sui
$3.75
10.62% -
Pepe
$0.0...02169
2.42% -
Chainlink
$14.24
5.86% -
Bitcoin Cash
$445.15
4.84% -
Polkadot
$5.42
9.33% -
NEAR Protocol
$6.23
12.94% -
UNUS SED LEO
$7.70
3.08% -
Litecoin
$89.30
6.79% -
Aptos
$12.36
2.25% -
Dai
$0.9998
-0.01% -
Uniswap
$8.91
7.97% -
Stellar
$0.1584
16.37% -
Cronos
$0.1649
-0.29% -
Internet Computer
$9.21
13.37% -
Bittensor
$530.09
4.48% -
Ethereum Classic
$25.28
13.21% -
dogwifhat
$3.74
2.03%
ens coin is very important for web3
ENS, based on the Ethereum blockchain, empowers Web3 by simplifying complex addresses, enhancing data security, mitigating censorship, and facilitating interoperability.
Oct 22, 2024 at 08:42 am
ENS: The Blockchain Domain Name System
What is ENS?
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. It allows users to register unique domain names that can resolve to various types of data, including Ethereum addresses, IP addresses, and content hashes.
Why is ENS Important for Web3?
ENS plays a crucial role in the Web3 ecosystem by providing several key functionalities:
1. Human-Readable Addresses
ENS domain names are human-readable, making them easier to remember and use compared to complex Ethereum addresses. This simplified experience enhances user experience and accessibility.
2. Data Security
ENS uses the decentralized nature of the Ethereum blockchain to store and manage data securely. This ensures that data is tamper-proof and immutable, providing protection against malicious actors.
3. Censorship Resistance
As the ENS is built on a decentralized blockchain, it is resistant to censorship. This means that domain names cannot be controlled or blocked by centralized entities, ensuring freedom of speech and access to information.
4. Interoperability
ENS integrates seamlessly with other Web3 applications, such as decentralized wallets, dApps, and smart contracts. This allows for easy integration and cross-platform functionality.
How Does ENS Work?
ENS operates on a two-layer system:
1. Root Zone
The root zone of ENS is controlled by the Ethereum Foundation. It provides the top-level domains (TLDs), such as ".eth" and ".xyz."
2. Subdomains
Subdomains can be created beneath these TLDs by anyone. Subdomain owners can set the data associated with their domain names, which can be accessed through ENS resolvers.
Conclusion
ENS is an essential component of the Web3 infrastructure, enabling human-readable domain names, data security, censorship resistance, and interoperability. Its decentralized and extensible nature makes it a cornerstone of the blockchain ecosystem, providing a foundation for the future of decentralized applications and services.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Rollblock (RBLK) Token Shines in Crypto Rally: A Promising Presale Token to Watch
- 2024-11-16 18:25:01
-
Ripple’s Long-Awaited Return to 2018 Levels: XRP Price on Track for $3.92, While CertiK-Audited Rexas Finance (RXS) Eyes 12934% Gains
- 2024-11-16 18:25:01
-
The Quantum Revolution: How Quantum Computing Will Reshape Cryptocurrencies and the Digital Economy
- 2024-11-16 18:25:01
-
Dormant Bitcoin (BTC) Wallet From the Satoshi Era Transfers 2,000 BTC to Coinbase, Sending Shockwaves Through the Crypto Ecosystem
- 2024-11-16 18:15:02
-
Cathie Wood Reaffirms Bullish Bitcoin Outlook, Predicts a Base Price of $650K by 2030
- 2024-11-16 18:15:02
-
Bitwise Asset Management Pushes for Greater Access to Crypto Investments, Announces NYSE Arca Filing to List the Bitwise 10 Crypto Index Fund (BITW) as an ETP
- 2024-11-16 18:15:02
Related knowledge
What Is Liquid Staking (Fanton)? How Does Liquid Staking Work?
Nov 07,2024 at 12:32pm
Unlocking Liquid Staking: A Comprehensive Guide to FantonIntroductionLiquid staking has emerged as a transformative innovation in the blockchain ecosystem, enabling holders of proof-of-stake (PoS) cryptocurrencies to earn staking rewards without sacrificing liquidity. Fanton, a leading player in this field, offers a comprehensive platform for liquid sta...
What does the currency circle mean when they say a coin is going to "go to the moon"?
Nov 06,2024 at 01:26pm
What does the currency circle mean when they say a coin is going to "go to the moon"?In the cryptocurrency community, the phrase "going to the moon" is used to describe a coin that could have a sudden rise in price. This can potentially result in significant profits for investors who have bought and held onto the coin before it goes "to the moon."There ...
The term "moon landing" is often seen in the currency community. What does it mean?
Nov 06,2024 at 02:06am
Understanding "Moon Landing" in the Cryptocurrency LexiconThe term "moon landing" has been frequently employed within the cryptocurrency community to signify a significant surge in the value of a particular digital asset. It is a metaphor that draws parallels to the momentous and extraordinary achievement of landing on the moon, and it is used to convey...
What are the usage scenarios of the word "moon landing" in the currency circle?
Nov 06,2024 at 06:58am
Understanding the Diverse Usage Scenarios of "Moon Landing" in the Cryptocurrency SphereWithin the dynamic and ever-evolving landscape of cryptocurrencies, the term "moon landing" has emerged as a multifaceted expression, encapsulating a wide range of scenarios and connotations. Its usage extends beyond its literal astronomical significance, reflecting ...
How to judge whether a coin is really going to "go to the moon" instead of being a hype?
Nov 11,2024 at 03:06pm
How to Judge Whether a Coin Is Really Going to "Go to the Moon" Instead of Being a HypeIn the world of cryptocurrency, it's easy to get caught up in the hype and invest in coins that promise to make you rich quick. But before you put your hard-earned money into any coin, it's important to do your research and make sure that it has the potential to actua...
Is there any significance to "landing on the moon" in the currency circle except for rising prices?
Nov 11,2024 at 01:03am
Is there any significance to "landing on the moon" in the currency circle except for rising prices?The term "landing on the moon" has gained prominence within the cryptocurrency community to describe a moment of exceptional price appreciation for a particular cryptocurrency. While rising prices are typically associated with positive sentiment and increa...
What Is Liquid Staking (Fanton)? How Does Liquid Staking Work?
Nov 07,2024 at 12:32pm
Unlocking Liquid Staking: A Comprehensive Guide to FantonIntroductionLiquid staking has emerged as a transformative innovation in the blockchain ecosystem, enabling holders of proof-of-stake (PoS) cryptocurrencies to earn staking rewards without sacrificing liquidity. Fanton, a leading player in this field, offers a comprehensive platform for liquid sta...
What does the currency circle mean when they say a coin is going to "go to the moon"?
Nov 06,2024 at 01:26pm
What does the currency circle mean when they say a coin is going to "go to the moon"?In the cryptocurrency community, the phrase "going to the moon" is used to describe a coin that could have a sudden rise in price. This can potentially result in significant profits for investors who have bought and held onto the coin before it goes "to the moon."There ...
The term "moon landing" is often seen in the currency community. What does it mean?
Nov 06,2024 at 02:06am
Understanding "Moon Landing" in the Cryptocurrency LexiconThe term "moon landing" has been frequently employed within the cryptocurrency community to signify a significant surge in the value of a particular digital asset. It is a metaphor that draws parallels to the momentous and extraordinary achievement of landing on the moon, and it is used to convey...
What are the usage scenarios of the word "moon landing" in the currency circle?
Nov 06,2024 at 06:58am
Understanding the Diverse Usage Scenarios of "Moon Landing" in the Cryptocurrency SphereWithin the dynamic and ever-evolving landscape of cryptocurrencies, the term "moon landing" has emerged as a multifaceted expression, encapsulating a wide range of scenarios and connotations. Its usage extends beyond its literal astronomical significance, reflecting ...
How to judge whether a coin is really going to "go to the moon" instead of being a hype?
Nov 11,2024 at 03:06pm
How to Judge Whether a Coin Is Really Going to "Go to the Moon" Instead of Being a HypeIn the world of cryptocurrency, it's easy to get caught up in the hype and invest in coins that promise to make you rich quick. But before you put your hard-earned money into any coin, it's important to do your research and make sure that it has the potential to actua...
Is there any significance to "landing on the moon" in the currency circle except for rising prices?
Nov 11,2024 at 01:03am
Is there any significance to "landing on the moon" in the currency circle except for rising prices?The term "landing on the moon" has gained prominence within the cryptocurrency community to describe a moment of exceptional price appreciation for a particular cryptocurrency. While rising prices are typically associated with positive sentiment and increa...
See all articles
