What Is Ethereum Name Service (ENS)?
Cryptocurrency
Ethereum Name Service (ENS) is a decentralized naming system operating on the Ethereum network that aims to convert long, complex wallet addresses into more readable domain names. ENS aims to simplify the user experience in the Web3 ecosystem and make digital identity and address management more accessible.
What is ENS Coin?
ENS Coin is the native cryptocurrency used in the Ethereum Name Service (ENS) ecosystem. ENS functions as a naming protocol that enables the use of domain names in the format “name.eth,” which are easier to read than long and complex addresses on the
Ethereum network. This structure has a similar logic to the internet's domain name system (DNS).
ENS Coin plays a role in the protocol's governance mechanism and enables participation in community-based decision-making processes. It also contributes to the system's operation in certain domain name management-related processes. Thanks to its DAO (Decentralized Autonomous Organization) structure, users can vote on updates and proposals regarding the ENS ecosystem. In this regard, ENS Coin is positioned as a component representing the management side of the Ethereum-based digital identity infrastructure.
Who are the Founders of Ethereum Name Service?
Ethereum Name Service (ENS) is a project initially developed within the Ethereum Foundation. The project's lead developer is Nick Johnson, a software engineer who previously worked at Google and the Ethereum Foundation. In addition to Johnson, developers from different countries contributed to the creation of ENS's technical infrastructure.
ENS, which has become an independent structure over time, operates with a decentralized management model. Today, the project is not directed by a single person but by the community. In this process, ENS Coin holders have a say in decisions made through the management mechanism. This approach ensures that ENS progresses in a community-based manner, consistent with the Web3 philosophy.
How Does Ethereum Name Service (ENS) Work?
Ethereum Name Service (ENS) is a naming protocol that operates similarly to the traditional domain name system and is located on the Ethereum blockchain. The domain names and token structures used in the ENS infrastructure work in accordance with the
ERC-20 and
ERC-721 standards. The system is built on Ethereum's Proof of Stake (PoS) consensus mechanism.
The ENS architecture consists of three main components. Smart contracts called “Registry” keep track of who owns domain names and which resolver they are linked to. Resolver contracts map domain names to Ethereum addresses, IPFS links, or different content types. The “Registrar” structure enables the creation and management of new domain names. This technical structure helps to understand how the network infrastructure behind
Ens coin chart data works.
What Makes ENS Coin Unique?
ENS Coin stands out as the token of the Ethereum Name Service infrastructure, which brings the domain name system to a decentralized structure within the
Web3 ecosystem. ENS positions itself as an open-source, community-focused public service rather than a traditional company. This approach aligns with its goal of becoming the Web3 equivalent of DNS, one of the fundamental components of the internet.
Thanks to its structure, which is not tied to central authority, ENS leverages the distributed architecture offered by blockchain technology and provides a more censorship-resistant structure. ENS Coin allows the community to have a say in the management processes of this system.
One of the project's notable aspects is its focus on simplifying the user experience. The ability to use readable domain names instead of long and complex wallet addresses makes accessing Web3 easier. In this regard, ENS provides a functional infrastructure in the field of digital identity and addressing.
How to Buy ENS Coin?
Users who want to access ENS Coin can create an account on
reliable crypto sites that allow trading and start the purchase process through the relevant pair. CoinTR, which operates in Türkiye, is among the
bitcoin exchanges where ENS Coin is listed. To trade on the platform, you need to follow these three steps:
-
Create an account and complete the (KYC) identity verification process.
-
Deposit TL into the account.
Where to Buy ENS Coin?
ENS Coin can be tracked through cryptocurrency exchanges operating globally and locally. CoinTR, one of the platforms serving in Türkiye, allows users to review price information, trading volume, and market data through the pairs offered by ENS. Users can access up-to-date data from the relevant trading pages on CoinTR.
It should be remembered that cryptocurrency trading involves high risk. Before trading, it is recommended to carefully read the risk disclosures on the platforms and conduct personal research.
ENS Coin Review
ENS Coin reviews and evaluations focus on the project's technical development process and efforts to expand its areas of use. The ENS team is working on infrastructure updates and improving system functionality to enhance the user experience.
In this context,
Layer 2 solutions that aim to offer more efficient transaction processes while maintaining the security structure on the Ethereum mainnet are being discussed. Additionally, the “gasless DNSSEC” approach, which aims to facilitate the integration of traditional domain names into the ENS system, is one of the topics being evaluated in terms of cost and ease of use.
Increasing integration with Web3 applications is also frequently mentioned in discussions about ENS. Technical topics such as
NFT data support, multi-chain compatibility, and interoperability with different platforms are considered steps towards expanding the system's areas of use.
In addition, the features developed for digital identity management show that ENS may not be limited to just a domain name solution. These elements are among the key topics considered when evaluating the project's technical roadmap.
ENS Coin Future
The future of ENS coin is one of the topics discussed alongside the development of the Web3 ecosystem and the growing interest in digital identity solutions. ENS positions itself as one of the fundamental components of the decentralized internet concept by providing an infrastructure that enables the use of more readable and manageable addresses on
blockchain.
The ENS protocol enables the management of crypto addresses and certain on-chain data under a single identity through domain names with the “.eth” extension. At the same time, ENS Coin holders can participate in decision-making processes related to the protocol through the governance mechanism. This structure demonstrates that the system is progressing with a community-based governance model.
ENS, which works in harmony with the Ethereum network, can be integrated with different wallets, NFT platforms, and Web3 applications. These integrations are among the technical elements that diversify the project's areas of use. ENS's long-term position is evaluated in conjunction with factors such as the level of adoption of the Web3 infrastructure and the prevalence of decentralized applications.
FAQ
What is the highest price ENS Coin has ever reached?
The all-time high price level of ENS Coin fluctuates depending on market volatility. Since this type of historical price data is constantly updated, we recommend that you follow the current metrics on the current ENS coin price page rather than specifying a specific figure.
What is ENS Coin used for?
ENS provides a system that pairs domain names on the Ethereum network with wallet addresses, different cryptocurrency addresses, and certain digital data. Thanks to this structure, which works with smart contracts, users can create their own domain names and assign wallet or web addresses to these domain names. ENS Coin serves as a component used in the management processes of this system and participates in the decision-making mechanism.
When was Ens coin released?
ENS Coin was released as a native token in November 2021.
How much is Ens coin worth in dollars?
The current value of ENS Coin in dollars fluctuates constantly based on market conditions. Therefore, it is not possible to provide a fixed price. Current price data and historical movements can be reviewed on a
reliable bitcoin exchange where ENS is listed.
How much is ENS Coin in Turkish Lira?
The price of ENS Coin fluctuates constantly based on market conditions. The current value of
ENS Coin in TRY
can be tracked through a
reliable cryptocurrency exchange.
What is the total supply of ENS Coin?
The total supply of ENS Coin is limited to 100,000,000 units.
Where can ENS Coin be purchased?
ENS Coin can be tracked and purchased through CoinTR, a bitcoin exchange that complies with Turkish legal regulations and offers a wide range of trading pairs.
2025-12-25Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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