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What is Ethereum Name Service?
Ethereum Name Service (ENS) is an open and dispersed naming system linked to the Ethereum Network, enabling decentralised naming of wallets, websites & more.
- The protocol enables users to attach human-readable names such as ‘trevor.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses & metadata.
- The ENS token is used for governance of the ENS DAO (Decentralised Autonomous Organisation), which governs key components of the ENS protocol like pricing, the price oracle & more.
- The token is also used for Treasury Grants, where token holders vote to approve treasury grants and expenditure.
Through the ENS technology framework, users are able to create their own Web 3.0 username to store critical information and profile data, to use across a range of services within the crypto space.
How do I buy Ethereum Name Service?
Learn more about Ethereum Name Service
Why Should I Trade ENS with CoinSpot?
CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Ethereum Name Service no matter what your trading experience is. Unlike other international and Australian Ethereum Name Service exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.
CoinSpot provides layered security and advanced support systems so you can buy Ethereum Name Service with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Ethereum Name Service how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.
How do you store your Ethereum Name Service?
Storing on CoinSpot
Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Ethereum Name Service for free.
If you are holding Ethereum Name Service as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.