SNEAK PEEK
- ENS Blockchain has 2.2 million users.
- The ENS program can search for, buy, and manage ENS addresses.
- ENS said the year 2022 was incredible for them.
On January 2, Ethereum Name Service (ENS) announced it had acquired more than 2.2 million users. In 2022, people registered almost 2.2 million ENS domain names, 80% of all ENS web addresses. ENS, as a result of the “NFT hype effect,” is now an essential motivating force for consumers to proactively register web addresses.
— Wu Blockchain (@WuBlockchain) January 2, 2023
Global, open, and expandable name systems are supported by the Ethereum Name Service (ENS), a blockchain-based system. ENS seeks to translate names that can be read by people, such as “Alice.. eth” into computer identifiers like Ethereum addresses, various cryptocurrency identifiers, document codes, and metadata.
On January 1, 2023, ENS itself announced its incredible 2022 year, during which it received 2 million ENS registered users.
ENS works in the same way as DNS does. One doesn’t have to fill in the IP address if one wants to access a website. Rather, we search for or type in the name. It translates lengthy wallet addresses into simple names. As a result, distributing cryptographic addresses has gotten easier.
The Ethereum-based ENS is designed to be a decentralized network. As a result, webpages that are secure, private, and censorship-resistant may be developed and uploaded to IPFS. ENS is meant to complement DNS rather than replace it.
ENS offers a tiered framework that enables websites to generate and govern many sites using simple identities. This consists of two smart contracts. The first is the ENS Registry, a system that maintains and analyzes all domains and subdomains and the domain owner’s contact information. The second smart contract is the Resolver. It is in charge of transforming identities from machine-readable URLs.
The ENS application may browse for, register, and administer ENS domains (.eth). A non-custodial cryptocurrency account, such as MetaMask, is required to interact with the program. There must be sufficient cash to pay the domain’s premium rate, transaction expenses, and Ethereum gas rates.
