Ethereum Name Service Price Reaches $13.77 (ENS)

Ethereum Name Service (ENS) traded down 8.7% against the dollar during the 24-hour period ending at 23:00 PM ET on January 24th. One Ethereum Name Service token can currently be bought for approximately $13.77 or 0.00060828 BTC on cryptocurrency exchanges. Ethereum Name Service has a market cap of $278.85 million and $61.77 million worth of Ethereum Name Service was traded on exchanges in the last day. During the last week, Ethereum Name Service has traded down 4.7% against the dollar.

Ethereum Name Service Token Profile

Ethereum Name Service is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 20,244,862 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official message board for Ethereum Name Service is ens.mirror.xyz. The official website for Ethereum Name Service is ens.domains.

According to CryptoCompare, “ENS is a decentralised naming service for web3.The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.”

Buying and Selling Ethereum Name Service

It is usually not presently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to acquire Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ethereum Name Service using one of the exchanges listed above.