Difference between revisions of "Ethereum Name Service (ENS)"

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== Usage ==
== Usage ==


* [https://weekinethereum.substack.com/p/week-in-ethereum-news-august-20-2022?utm_source=substack&utm_medium=email From] [[Week In Ethereum|Week in Ethereum]] (20-8-2022):
''"Two million names [https://twitter.com/ensdomains/status/1559811577917755394 created], one million in 3.5 months."''
* [https://kermankohli.substack.com/p/revenue-an-abused-word-in-crypto?utm_source=substack&utm_medium=email From] [[Kerman Kohli]] (4-8-2022):
* [https://kermankohli.substack.com/p/revenue-an-abused-word-in-crypto?utm_source=substack&utm_medium=email From] [[Kerman Kohli]] (4-8-2022):



Revision as of 03:18, 22 August 2022

Offers a secure and decentralised way to address resources both on and off the blockchain using simple, human-readable names on Ethereum.

Basics

"The core functionality of the ENS is registering .eth domains. There are a few important rules to keep in mind when it comes to registering domains on the ENS:

  1. Minimum domain length is 3 characters.
  2. Annual renewal fees. 3 characters: $640/year, 4 characters: $160/year, 5+ characters $5/year.
  3. Emojis are valid. 👍🏼"

History

Audits & Exploits

Bugs/Exploits

  • From Blockthreat (28-4-2022):

"ENS Domain Spoofing Vulnerability reported by Hackxyk.

ENS patched a null byte injection vulnerability reported by lcfr.eth."

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

  • From their blog (3-11-2021):

"There will be 100 million total $ENS tokens, and the distribution is as follows:

  1. 25% airdrop to .ETH holders (>137k accounts)
  2. 25% to ENS contributors (>100 individuals and groups, plus hundreds of Discord users)
  3. 50% to the DAO community treasury"

Utility

Token Details

Stablecoin

Coin Distribution

"The airdrop was interesting due to how equitable the drop was for smaller players. 14,302 wallets received between 50 to 100 tokens each. Only 16 wallets received more than 1000 tokens from the airdrop."

Tech

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on: Ethereum

How it works

Fees

Upgrades

"This integration enables a DNS domain owner to import it for use on ENS - for example, Google can now attach their Ethereum address to google.com and have it work exactly like google.eth would."

Scaling

Different Implementations

Interoperability

Other Details

Oracle Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].
  • From their post (7-4-2020); they want to have manager improvements, a homepage revamp and some unclear future governance improvements.

"Our focus is mostly on rolling out DNSSEC integration as well as bug fixing and improving our ENS manager app.

For more long term goals, we will be discussing at our up and coming ENS workshop."

Usage

"Two million names created, one million in 3.5 months."

"ENS currently totalling $60m in revenue till date with decent growth as well. It’s great to see that they’re a profitable business with sound economics and a product that people want/use. Main issue here is that there is no way in which value accrued from fees goes back to ENS holders. Given they have a presence in the US this is going to be a regulatory issue holding them back."

"ENS surpassed the milestone of one million created names. A record 63,723 names were registered on May 2, and10,000 to 20,000 were registered daily over the past seven days according to Dune Analytics. Prior to the surge, the daily record for new ENS registrations was 7,125 on Nov. 10, 2021."

"North of 7000 domains were registered in the days following release of the tokens, compared to less than 1000 on an average day in the weeks before."

"The overall number of names has decreased quite drastically from 310k to 190k. This is due to expired names after ENS transitioned into an annual fee model. We hit the 150 integrations milestone"

"The average Ethereum Name Service owner purchased 1–2 domain names while some “whales” own hundreds. And (while this data point is no longer accurate) at one point there were over 600k auctions of ENS domains."

Projects that use or built on it

Competition

"Allows anyone to substitute a hex address to a resource on the network for a human-readable name. ENS is a uniform resource identifier service on ETH and now has a 4-year head start on any other platform service at the time of this tweet."

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

Funding

Partners

(:

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