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
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
State Channel
Secondary payment channel occuring off-chain
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