Ethereum Name Service (ENS) Versus Domain Name Service (DNS)

Updated:

In the Year 2021, the Voice.com domain name was sold at $30,000000.

While domain name Strength.com was sold for $300,000.

Sales of this type; though might not be this expensive, happen almost every day.

Take, for example, last week:

Profile.xyz was sold at a price of $104,000.

Wrap.xyz was sold at a price of $110,000.

Termin.de was sold at a price of $162,914.

Domain flippers, no one knows that what they are doing could effortlessly earn over $100,000 in one year.

As a fact, the fruit at easy reach was harvested in the past. However, this does not convey that one can not also earn money in this contest, but it is filled with early birds that have made it big time here. On the contrary, presently there are even improved chances……. and the fruits are still favorably low. This is Crypto Domains.

Ethereum Name Service (ENS) Versus Domain Name Service (DNS)

Ethereum Name Service (ENS) Domain

As cryptocurrency continues to move closer to public adoption, products of cryptocurrency such as the .eth domain names are getting more famous. Not too long ago, Puma a sports corporation purchased a Puma. eth, adding to the likes of Adidas and Nike. Reasons, why Puma purchased it, will be touched in a minute.

Firstly, Let’s examine the fundamentals. ENS is an ETH-supported option for the DNS (Domain Name Services). Using the World Wide Web, one can type in a web address in the address bar of a browser and the site comes up. This works because of the Domain Name Service. Applications such as the web browser do not communicate with DNS. They communicate with IP addresses. The work of a DNS is to change a web address to IP address for a browser. An Ethereum Name Service is a shared and accessible naming system that resembles the DNS.

Ethereum Name Service (ENS) Versus Domain Name Service (DNS)

Like how DNS maps web addresses to IP addresses, the ENS maps names such as “AndyCray.eth” to a forty-two character ETH address.

Why Ethereum Name Services (ENS)?

One may ask why “will a corporation such as Puma purchase a .eth domain”? It is just that the ETH domain has a lot of benefits. Benefits that will develop as the Ethereum community develops. Firstly, it makes cryptocurrency less stressful for everybody to use.

One can connect a crypto wallet to his or her .eth domain instead of using lengthy and difficult addresses.

So should Puma begins accepting cryptocurrency, it will be possible for them to accept crypto from many different blockchains into their Puma.eth.

Using an ENS domain one can also

–>Construct a decentralized, Web 3.0 website through which people can link their wallets to their shop.

–>Store personal information such as email, profile, and so on one’s .eth domain.

–>More features are still on their way.

In brief, Ethereum Name Service is powerful compared to the normal domain and it can also reveal unique chances for people looking for ways of earning extra income.

However, Eth domains are just beginning to gain a foothold, there are still easily reached fruits in what could become a very big market.

You can purchase Lucky Block here: Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.