Ethereum Name Service (ENS)
By CoinGecko | Updated on Aug 12, 2021
The Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names instead of complicated sequences of letters and numbers. ENS features a registry smart contract that keeps track of all domain names, subdomains, owners, resolvers, and other information, as well as allowing the owner to update it. It works like the Domain Name System (DNS), but ENS is decentralized and more secure.
Related Terms
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Buy/Sell Tax
On-chain buy or sell tax rate where a percentage of the tokens bought/sold will be transferred to a set address.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.
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