JAKARTA The emergence of blockchain technology has changed the way people make financial transactions. Cryptocurrencies and NFTs have now become mainstream. Ethereum has started rolling out the Ethereum Name Service (ENS) aimed at making it easier for people to send and receive digital assets.
People can send and receive digital assets after typing their wallet addresses. Ethereum Name Service (ENS) is starting to be loved by many people. The reason is, with ENS a person can send digital assets easily and quickly.
Previously, the crypto wallet address consisted of random numbers and letters. For example: 0x59n8f1zi5l7j3... this will make it difficult for many people to type it. The combination of random numbers and letters also has the potential to accidentally delete or add one letter after the wallet address. If that happens, users are at risk of losing the digital asset they will send permanently.
The cryptocurrency address represents a longer series of numbers and letters. If users want to send other user funds via the Ethereum network, they must enter the address and ensure that each number and letter is written correctly.
To overcome the possibility of misappropriation, Ethereum presents ENS. For example, vitalik.eth, or joko.eth as a substitute for the combination of letters and random numbers of crypto addresses. Then what is ENS? The following VOI.id will explain the meaning of Ethereum Name Service.
Ethereum Name Service (ENS) understanding
According to CryptoPotato description, Ethereum Name Service (ENS) uses the same concept as the Domain Name Service (DNS) but adapts it to the needs of Ethereum users. In essence, Ethereum Name Service is a distributed, open, and expandable naming system operating on the Ethereum blockchain.
It aims to map human-readable names to machine-readable identifiers. In this case, human-readable names can be something like 'ilham.eth,' while machine-readable identifiers can be Ethereum addresses (or other cryptocurrency addresses).
Previously, the crypto wallet address consisted of a combination of numbers and random letters that could be read by machines, now the address can be read easily for humans through the ENS. This makes it very easy for users so they can avoid typing errors.
Based on information from the official ENS website, the system has a goal similar to that of a DNS, an internet Domain Name Service, but has a very different architecture due to the capabilities and obstacles provided by the Ethereum blockchain.
Similar to DNS, ENS also operates on a system made of hyerarchical names separated from points called domains. The owner of the domain also has full control over the subdomain.
How ENS or Ethereum Name Service works
There are two core components for the Ethereum Name Service. Namely, the registry and resolver.
Meanwhile, domain owners in ENS regencies are allowed to; change subdomain holdings, transfer domains to other addresses, set a Time-to-Live (TTL) recoverer for domains.
Recover, on the other hand, is responsible for the process of translating names into addresses. Any contract that applies the required standards is capable of being a re-solver at the Ethereum Name Service.
Difference Between DNS and ENS
To understand ENS, it's a good idea for us to get to know DNS first. The domain Name Service (DNS) was first developed by a computer scientist named United States named Paul Mockaperris. He made a DNS in 1983.
DNS aims to match the internet protocol address (IP) with a domain name that can be read by humans. This allows users to type the website name easily instead of entering the external IP address.
Denang metodes that are not much different, Ethereum Name Service (ENS) seeks to provide convenience for humans to read and various crypto wallet addresses easily. In addition, ENS can also be traded. The price is set in the cryptocurrency Ethereum.
How to Register Ethereum Name Service (ENS) Domain
To register the ENS name, users only need to have crypto wallets such as MetaMask, Coinbase Wallet and others. If you already have a crypto wallet, just go to the app.ens.domains page. However, before buying ENS, users should provide ETH crypto first on their wallet. This is used to buy ENS.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
