ENS Domains Explained, FAQs

The decentralized web has unlocked several internet features we never imagined would exist. We are exchanging Cryptocurrencies, which are digital coins. We are monetizing our creative works with NFTs. We are living in a virtual place with the Metaverse, etc. (WOW)

All of these unimaginable possibilities are what Web3 is all about. It has filled the missing spark in our imagination with a limitless space of freedom. However, the core aspect that the Web3 space has unlocked is Blockchain-based domains.

Although few users are aware of it, those who are, are well aware of its capabilities. It allows the Web3 space to communicate with users in human-readable phrases. This led to the foundation of ENS Domains!

It's similar to how DNS works in the centralized space. ENS enables replacing alphanumeric crypto addresses in the Web3 space with human-readable ENS Domains.

Many people have already begun to adopt ENS Domains and create their decentralized identities. Like the dot-com boom, users are grabbing the top-most ENS Domains to lead the Web3 race.

It was all thanks to Ethereum and its meteoric reputation that ENS was able to enter the market. But before we rush ahead with the market, let's go slow and thoroughly explore ENS Domains.

What is ENS?

ENS meaning "Ethereum Name Service," is a blockchain-based successor to the existing Domain Name System! It's a decentralized, transparent, and extendable name system that runs on the Ethereum Blockchain.

The basic goal of ENS is to link human-readable names to machine-readable addresses. In other words, machine-readable blockchain addresses are alphanumeric and difficult to remember, whereas human-readable ENS Domains are memorable and customizable.

So, the typical Ethereum Address (hgftrwcfii8765fhjge35fdi97hvmgye3desgtyuv6f4eg) is replaced by a simple ENS Domain (quik.eth). It allows you to connect and replace digital wallets, websites, identities, and addresses with personalized names.

It makes it easier for average users to swap, purchase, or sell digital currency. Furthermore, it reduces the likelihood of errors with alphanumeric random characters.

The ENS system has a similar purpose to DNS, but its structure is different and geared for unleashing limitless capabilities thanks to its Blockchain framework. ENS similarly functions on dot-based tiered domains with complete autonomy and no centralized control.

What are ENS Domains?

ENS Domains are blockchain-based domains that can customize crypto wallets and web3 websites by replacing blockchain addresses. Since the launch of ENS domains, there has been an increased demand for Ethereum-based domains.

Its biggest success was with (000.eth), which sold for 300 ETH (massive!). That is equivalent to 28162.71 ENS, and converting ENS to USD equals $315,000. These names work in the same way that DNS domains do on Web 2.

However, instead of registering and signing up documents, they are exchanged as NFTs. ENS substitutes Blockchain addresses in the same way that DNS substitutes IP addresses. Can you imagine a world without domains?

It'd be like, Hey! Check this page 35.0.64.112 (can you guess what it's about?) or Hey! Check out awefneiofnosdjnvkjneopw302u8whrifo328 (can you guess the user's name?).

That's how complicated internet life would have been without domains. With ENS, there are no registrar bodies like DNS, only smart contracts that hold (dot) ENS Domains. Smart Contracts define the rules that control the distribution of their subdomains.

Smart Contracts establish certain requirements that users must follow to acquire ENS Domains. It also allows you to use previously owned DNS names on ENS. Furthermore, due to the hierarchical nature of the ENS domain, anyone having an ENS domain at any level can construct subdomains.

In other words, if you hold an ENS Domain (quik.eth), you can also construct and configure (go.quik.eth). ENS is based on the Ethereum main network and supports several test networks.

When you use a library or an end-user program, it automatically detects what you are communicating with and on which network. It comprises two main components: the registry and the resolvers.

The registry is made up of smart contracts that keep track of all domains and subdomains. It also maintains three key pieces of information:

1. Domain Owner
2. Domain Resolver
3. Live Domain Records.

Simply said, a registry is a smart contract that owns a domain and can create subdomains under that domain (as mentioned before: only for users that follow a certain set of rules in the contract).

The ENS registry's function is to map a domain to the resolver accountable for it. Domain owners in the ENS registry can:

1. Trade and transfer domain ownership to a different address.
2. Configure resolver and time-to-live (TTL).

Resolvers are solely responsible for the translation of names into addresses. An external user or a smart contract can be the domain owner. Every contract that meets the required conditions has the potential to be a resolver.

However, resolving a name in ENS is a simple two-step process:

1. Ask the registry what is responsible for the given name.
2. Ask the specific resolver to get an answer to that question.

General-purpose resolver implementations are offered to users with modest needs, such as providing an infrequently updated URL to a name. Each record type comprises a crypto address and an IPFS content hash.

This also outlines a resolver's procedures to provide any record. Through the EIP standardization process, new records can be established at any time. It did not necessitate modifications to the ENS registry or the support of current resolvers.

Anyone can register or purchase an ENS domain if they have some ETH in their wallet and are willing to engage in the auction process facilitated by distributed smart contracts. For interactions with resource limits, ENS uses fixed-range 256-bit cryptographic hashes.

Namehash generates a hash from a domain name while keeping all hierarchical features. It is a recursive method that generates unique hash values for any confirmed ENS Domain Name.

When you namehash a domain, you may also get the namehash of all its subdomain (even without owning the original domain). This attribute enables ENS to create a hierarchical structure without interacting with human-readable strings directly.

The name is first normalized using UTS-46 normalization before being hashed with a namehash. It guarantees that upper and lower case characters are treated equally, and that invalid characters are prohibited.

Everything that hashes and resolves a name should normalize to ensure that all users have a clear opinion of ENS. There is a distinction between owning and registering a name. ENS was created for Ethereum smart contracts and therefore is native to the Ethereum network.

The key point is that DNS security considerations do not apply to ENS domains. DNS registers domains and names that are held on a centralized server, which implies they can be hacked.

Google's threat analysis once observed a record-breaking 180,000 assaults on DNS and other network targets conducted by Chinese Internet Service Providers. ENS records, on the other hand, cannot be erased and are safe due to the Ethereum Blockchain.

It transforms into a more transparent game, with ENS names and addresses for engaging with anyone who uses the decentralized technology. Using the usual auction mechanism, anybody can register an ENS domain.

The highest bidder wins the domain name and the opportunity to construct a subdomain and sell the domains. This provides users on the Ethereum Blockchain with a clear point of contact amid a pool of addresses.

Past, Present & Future of ENS Domains

Blockchain technology, like pre-DNS days, requires alphanumeric strings to identify wallet addresses uniquely. Wallets are comparable to our social media accounts but have far more traits and possibilities.

In the same way, we share our social media accounts for sending and requesting content. We share digital wallets for swapping, trading, buying, and selling digital items. But when we exchange our IDs, do we also reveal our passwords?

Similarly, our digital wallet has a password that only the owner knows. When you exchange a digital wallet address, your password or private key obtained when you open a wallet verifies your validity and then permits your trade.

In technical words, your wallet username is the shareable public key, and your wallet password is the private key used to complete any transaction. Your public key is your card number, and your private key is your pin, similar to how UPI/Card payments work.

But why are digital wallet exchanges risky and confusing? Because you must share your digital wallet address while swapping. It comprises 42 random alphanumeric characters that are difficult for the human mind to recall.

You and the other person may make typos or rely on the copy/paste method when you share. The C/P mechanism lengthens the entire process. Meanwhile, cryptocurrencies and NFTs have been around for a while.

Users can purchase, trade, and exchange these digital commodities for a long time. However, many have encountered issues with digital wallets and their sensitive addresses. The wrong one or a single misspelling could result in a permanent loss of funds.

But then, in 2017, a superhero appeared to save all the ailing digital wallet exchangers. Since the public has been familiarised with cryptocurrency and NFT universes, the Ethereum Blockchain introduced the superhero Ethereum Name Service (ENS).

One of the primary goals of ENS was to assist these unhappy exchangers by converting their alphanumeric crypto wallet addresses into simple human-readable URLs. This is identical to the solution DNS was created for early online customers.

ENS is a blockchain-integrated naming standard. According to the ENS Domains Websites, I t has registered over 2.5 million ENS Domain names for over 500,000 domain owners. The figures have risen as of December 2022.

ENS Domain names have been incorporated into a variety of decentralized applications. Several web browsers and wallets also support ENS Domains. The user can access, connect, and configure the full decentralized activity using a single ENS Domain Name.

Although it is not particularly fascinating, it does contain enormous potential for creators to own and commercialize their work while creating a brand (username). Transitioning from one centralized system to a decentralized network sounds like a utopia to most content creators.

Web3 allows content creators to earn good monetization for their efforts. Web3 eliminates the need for third parties by enabling direct communication between any two parties, whether average users, brands, companies, or others.

ENS Domains provide a way for content creators to monetize with a uniform username throughout all web3 platforms. Your digital avatar, email, social media URLs, web pages, and other information can be stored in the digital wallet associated with your ENS Domain name.

This customized user profile (wallet) serves as your blockchain identification and allows you to navigate Web3 and its decentralized ecosystem. If you are or wish to be a web3 user, you may require a digital wallet that serves as your Web3 identification.

You can use your digital wallet to sign up for certain dApps, wallets, and websites, giving you complete control over your rights and ownership. In today's internet, tech behemoths enable users to utilize their applications for free.

Haha! That's exactly how they depict us. Yes, since in exchange for allowing us to use their app for free, they own our data and content and control every action on their app. They may also sell your data to marketers to display relevant content based on your searches.

Regardless of how strange that may sound, it is a fact that we must accept and move on from. The same is true for individuals who host their websites on Web2. The regulatory organizations have jurisdiction over your domain and the content you publish.

They can delete your website and seize the data if they desire. So, for web2 customers who are already established, there is still hope because ENS allows you to import your DNS to ENS Domain Names.

If you've ever browsed the global crypto community on Twitter, you may have noticed that some users with vivid profile images of strange apes are accompanied by an ENS Domain Name (doteth).

It might be either their Twitter handle or their @username.eth. Several Web3 communities have widely embraced and adopted ENS Domains. It attracted a large audience despite the absence of influencers, communities, advertisements, marketing, etc.

We only cited it to demonstrate the future evolution of the Web3 domain system and its potential for returning ownership to the user. The native domain suffix for ENS is (.eth - doteth), which includes all of the security benefits provided by its native blockchain.

This enables it to establish censorship-resistant websites using customized ENS Domains. Since its debut, ENS has been single-handedly amplifying P2P transactions on the blockchain, and various blockchain enthusiasts have recognized this.

Web3 domains, also known as ENS domains, have not yet reached their full potential because web3 is still in its early stages. Having stated that, countless users and brands have been racing into the market to secure the top and finest ENS Domains.

The rush is comparable to what happened with dot-com names, but obtaining the top, rare, and best domains before they become scarce is undoubtedly profitable. Some of them purchase ENS Domains to flip or resell them.

Understand that ENS is not a brand-new breakthrough technology. It is an ancient technology that has been adapted for use in a new and modern system. It is also crucial for developing blockchain technology since it facilitates worldwide adaptation.

Why does ENS not create more TLDs?

There has recently been an increase in the number of top-level domains issued by several blockchain-based name providers. The ENS community has received various requests from users to create and add additional ENS-native TLDs.

Human-readable domain names are, by definition, socially contextual, as opposed to computer-produced identifiers, which can be constructed automatically without regard for social good.

The difference between the two major IPv6 addresses is tremendously significant for computers but socially insignificant for humans. Few, if any, individuals are familiar with their device's IP addresses, and even fewer are interested in learning.

Human readable domain names have a huge social meaning because they are not just socially transferrable. Their uniqueness means that it matters a lot who receives a what name, making each name a distinct component.

Any given human-readable domain name can only have one owner. Why? Consider two identical websites with the same domain name (how confusing it can be). One universally agreed upon namespace is required for naming services to become a significant internet component.

But who gets what name, and under what conditions? Also, after a person establishes a new name, how can other users tell that this name has already been taken? How can you confirm that your name is not being used by anyone else?

Creating a new TLD is not a technology issue but a social requirement for users. Anyone, whether utilizing blockchain technology or not, can easily create a new TLD technologically.

It is simple to create thousands of TLDs and begin selling names from them to customers, but the question is whether the rest will approve the names of the globe. Everyone must agree on the same naming conventions to avoid name clashes in different regions of the internet where the same name is used in contradictory ways.

Close coordination among officials and stakeholders worldwide is required for one universally agreed-upon namespace. This is most likely why ICANN exists. The Internet Corporation for Assigned Names and Numbers exists to coordinate the Domain Name System on the Internet.

ICANN meetings are open to the public because attendance is free, and sessions are broadcast live on the internet, reaching thousands worldwide. There are many reasons to criticize ICANN, yet we must not overlook its role in ensuring the seamless operation of the entire domain name system.

The ICANN community represents the entire world, not just one community. It represents everyone who has contributed to developing rules and procedures for creating new TLDs and assuring that each TLD has only one owner on the internet.

It also invites everyone to apply for a particular TLD and asserts that a TLD has the best chance of being given to the organizations that make the most sense!

These coordination mechanisms are equally important for upholding its tagline of "one world, one internet." It is, without a doubt, a simple motto that lives up to its name. However, in 2017, ENS was launched with a newly created TLD (.eth).

Why was the (.eth) domain not claimed through the ICANN process? Because ENS was a modern tech. It was a side project with a handful of people working at the Ethereum Foundation. They weren't even apparent whether it would function or not.

They weren't even sure if it would be of any value. Because they were aware of their responsibilities and wanted to limit the potential damage from a failure, only (.eth) names of seven characters or longer were first issued.

Why? Because shorter names are more precious and scarce (learned from the dotcom boom). When they were comfortable with the ENS smart contract and its capabilities, it issued three to six-character (.eth) names via a one-time auction.

The ability to claim a new TLD through ICANN was not open at the time and still isn't, but even if it were, it could take decades and cost hundreds of thousands of dollars, so waiting for approval from ICANN was not an attainable feat for them.

ENS required considerable space to experiment with the entire course. Then turned out to occur a great demand for a naming system with decentralized and censorship-resistant capabilities, and the introduction of blockchain technology was merely a bonus.

Although (.eth) names were difficult to obtain initially since many individuals were unaware of the technology and had limited funds. It only required some ETH, a web3 browser, and no promotion for it to get millions of registrations.

Imagine achieving such a feat in these few years. Although millions of dollars were spent on the service's acquisition, the truth is that none of it ever flowed to the ENS Developers under the original deposit-and-return scheme.

Around 35 wallets have already integrated ENS, more than any other blockchain-domain name service on the market. If you compare (.eth) names to the new DNS gTLDs released by ICANN, (.eth) is the most successful new gTLD on the internet.

In some ways, ENS undertook several experiments outside of its typical methods, but it doesn't mean they don't want to expand or want to be a trailblazer. The Ethereum Foundation later broke out ENS to form its non-profit organization.

It adopted the non-profit model because it intended ENS to be for the public good, a fundamental piece of technology that extends beyond the Ethereum blockchain and becomes open to the entire internet.

It also switched from a deposit-and-return fee structure to a yearly spend charge model to provide a better foundation against squatting. It offers the lowest possible charges while deterring large-scale squatters while not discouraging actual (needful) users.

However, to process any future and important changes inside the ecosystem, it has multiple public discussions, including one about what to do with the funds generated. Ultimately, they decided that funds would be the primary long-term maintenance and preservation source.

Funds were the primary source for minimizing ENS's reliance on future donations and increasing the likelihood of ENS continuing to service the Internet for longer. It also implies they may raise additional funds if they launch other TLDs.

Even though there are already multiple venture-backed for-profit enterprises in the market with several TLDs available, this has resulted in a competitive drive and the widespread global acceptance of unusual names with TLDs.

ENS believes that generating TLDs outside the ICANN procedure and selling them to clients is also threatening the long-term future of blockchain-based naming. There are various TLDs accessible that are created outside of the ICANN process.

It is both a positive and negative aspect because it is simply not for experimentation but a clear refusal to accept the protocols set by the global Internet community and its solid expertise and work.

The more pointless conflict there is with the global internet community, the more harmful the technology may become. The decentralized technology and its domain names are undoubtedly a path out of ICANN, but this doesn't mean going up against the worldwide internet community.

Creating new TLDs outside of ICANN is detrimental to users in two ways. First, it creates unnecessary conflict, which means that most internet users will have to wait longer to reap the benefits of blockchain-based naming, such as improved security, programmability, and so on. (ICANN wants to rule over you.)

Second, it implies that blockchain-based names purchased by consumers may never be sold to or merged into the internet's global namespace. This also implies that the names could be given to different persons in the future, rendering their original purchase meaningless.

Assume you established ENS Domain and began issuing names to users. The next time ICANN allows registration for new gTLDs, people start buying the ENS Domain and begin selling it for the aim of a much larger and established DNS of the internet.

How much do you believe the name will be worth once it has been coined and belongs to someone else, and how will you feel if someone else owns your name? Confusion will likely occur, leading to unintentional mistakes in cryptocurrency.

When we write the cons regarding ENS Domains, we usually wonder if they are truly cons or if they point in the direction of pros. First and foremost, adopting ENS Domains aims to eliminate ICANN and everything associated with it.

Why should you feel governed and dominated by another person when you can gain control of everything and possess what you deserve? Second, each ENS Domain is unique, making each minted ENS Domain a different item that is unlikely to be confused.

There are various TLDs accessible in the market; if one is unavailable, you can always try another. You can also consider adding numbers to your desired name, or you may bargain with any user for buying; these factors are certainly not feasible with DNS Domains.

The success of the (.eth) experiment also demonstrated the value of the technology and how the initial assumptions were to be proven false. We understand your feelings of negativity, but it was necessary to explain technology's positive and negative aspects so that you might understand it.

Although ENS is attempting and promising to acquire (.eth) names through ICANN to safeguard its users, this is still a long way off. ENS has worked hard to establish a connection with ICANN to persuade them of mutual benefits.

That being stated, ENS is not limited to using (.eth) for a single purpose. ENS domain names can be used for various purposes outside the Ethereum ecosystem, including IPFS websites, data records, cryptocurrency storage, Tor (.onion) address, etc.

It also supports traditional DNS records on ENS. Although the TLD represents Ethereum, this should not prevent any user from exploiting and gaining control of the technology. How has ENS attempted to absorb the entire DNS system mutually?

It supports DNSSEC for cryptographic proof generation and allows DNS domain owners to claim their unique names and to be used on ENS. This means that "quick.com" may run a regular website with DNS and accept cryptocurrency payments thanks to ENS records! This possibility is already being considered for other ENS Domains.

It is not that ENS does not own or provide additional TLDs; in fact, ENS provides multiple TLDs to provide consumers with the best bargain and diversity when naming their decentralized avenues.

We feel that not having ICANN regulate is a benefit and that having more TLDs is also a benefit within a benefit. Because the decentralized technology is distinct and the mechanism prevents users from minting two identical ENS Domains, it is advisable to have at least various TLDs to obtain the name they desire.

This improves the user experience and encourages users to continue with blockchain technology. Or imagine you worked hard to land on a name to register, and then, first, it was already registered, and second, you attempted to negotiate with the owner but were unable to reach an agreement.

Alternatively, the name is obtainable but with a distinct TLD. Those who are looking for a specific name can choose a new TLD. Those looking for a name with the same TLD but previously registered could bargain or wait until it expires.

Although you can build several subdomains and monetize the entire domain system, this comes with its benefits and drawbacks, which we described in the Subdomains section.

ENS Records are already available in all operational ENS TLDs, and it is also believed to be rolling out for functioning on all DNSSEC-enabled DNS TLDs, including the big ones. However, we are unsure because it is ICANN and can do anything!

As previously stated, ENS domains are not intended to replace DNS domains. We measured, compared, and performed the analysis only to comprehend and differentiate the technology. It does not imply that they are competitors, as ENS is an alternative to DNS.

Regarding competition, we have one stated in the NFT Domains sections where you may examine and study all three technologies and better understand the technology. ENS Domains also have a significant role to play in Web3.

Although one barrier to widespread Web3 adoption is the use of address hashes as a mechanism of coordination, suppose that whenever a user gives money or attempts to interact with a smart contract, they should always route their activity to an Ethereum address.

The 42-character alphanumeric hash certainly secures the network, but is it human-friendly? Although we have overcome this obstacle repeatedly, let’s do it again!

If you want to send any cryptocurrency to a buddy, all you need is their public wallet address, a 42-character-long alphanumeric random algorithm. Even if you have become an expert and trade daily, you may be rechecking word for word when proceeding with a huge or even a minor transaction.

That goes without saying because any normal user with limited crypto understanding or even a regular user will never be confident enough to send a transaction if a 42-character alphanumeric character is entered.

The issue is not exclusive to the crypto world, as payment systems rely completely on these alphanumeric sequences when routing money to the correct account and performing the transaction correctly.

Remembering your bank account number is not as simple as remembering your phone number. However, the cash transfer system has advanced to the point where financial institutions may rely on a combination of identifiers to identify each user uniquely.

Similarly, ENS was the first step in the decentralized space since it allowed Ethereum addresses to be completely replaced with a far better and more effective human-readable ENS Domain. After registering an ENS Domain, you may direct other users to send funds directly to the ENS Domain name.

ENS Domains are 1-to-1 linked to a specific address. Therefore, rest assured that if you hold an ENS Domain, it is truly unique, with no counterpart. This certainly concerns sustainability with limited readable names, but it is critical for making Blockchain-based decentralized identification more accessible to the public at large and for good.

Benefits of ENS Domains

For those who skipped ahead to the benefits and ignored the rest of the article, let me briefly walk you through the full article, including the perks (don't worry, we've got you covered). We will always remember (you) those reading with us from the beginning!

You see, once you register on the ENS website and purchase a domain name, your email address associated with the domain cannot be modified or removed. Yes, as a domain holder, you have permanent control over the domain name for the rest of your life.

You can use the domain to create your blockchain, start a business, or construct a media website. Your preference for the domain determines it. But don't worry. It's yours forever.

The ENS foundation is entirely in charge of registering new domains. A domain name becomes available in a unique "slug" scheme if it is not registered. With any new technology, schemers will attempt to seize names to benefit.

If you want to be one, grab the hot domain names and keep them until the hype increases, then release them when you believe they will yield the most profit. Ugh! Let's get back to the article, and schemes aside.

To summarize: ENS is based on two Ethereum smart contracts: the registry, which stores all domains registered on ENS with everyone's information, and the resolver, which translates domain names to addresses and conversely.

Users who want to create their Web3 username can also go to the ENS app and search for an accessible domain name. The ENS App is relatively conventional, with simple UI/UX, so you should have no trouble using it.

Once you've found an appropriate domain name, complete the registration process, which requires two transactions, one from your wallet and the other from the yearly fee. ENS Domains with more than five characters cost 0.441 ENS annually; converting ENS to USD is $5/year.

Once you've completed the process and own the domain, you may connect it to your crypto wallet, connect to a blockchain address to host your website and create subdomains with the same ENS Domain Name.

Since ENS Domains are restricted, many crypto natives scramble to secure names and brand their decentralized identities. Even gamers are not backing down because a digital wallet serves as the identification inside the entire decentralized ecosystem. Whether it is a game, entertainment, business, or government, ENS has its presence everywhere.

The primary benefit of ENS domains is that they allow users to carve out their niche in the decentralized system. If you mark your name with an ENS Domain now, there will be no problems with ID misinterpretation anywhere.

The rush may accelerate as web3, and its decentralized applications gain popularity. However, now that the technology is running smoothly, most advocates in the industry are already obtaining the top ones.

Ugh! Let's get back to the point. So, if you've ever attempted to connect or exchange and type "0x..." a friend's ID for sending cryptocurrencies or NFTs, you know how frustrating it can be. Your crypto will be lost forever if you type a single wrong character.

Since ENS domains are so simple, anyone can swap and transact with them and them as well. If you work as a freelancer in the crypto world, this is exactly what you've been looking for. What if your client pays you in cryptocurrency?

A slight error could lead to losing all funds and your valuable payment. Also, simply creating a customized ENS Domain Name and sending it to your client creates a favorable impression among the clients, demonstrating your updating nature and professionalism.

Possessing an ENS Domain name also signifies that your payment is already getting executed (as there's no chance of errors!). From a business standpoint, employers may save time and avoid uncertainty.

Consider the following scenario: you own a clothing store and want your customers to pay with Ethereum. Although exchanging cryptocurrency is undoubtedly the safest and most autonomous method, transmitting across 42-character lengthy addresses may prompt you to choose UPI instead.

However, you must retain your privacy, so you have to deal with it and complete the purchase. Having an ENS domain name will also assist you in preventing losing consumers while also keeping your customer's identity autonomous and protected.

Who doesn't want a censorship-proof website? You can utilize ENS domains as a domain for your site in the same way you change DNS records on centralized servers. ENS Domains are far more convenient and tend to protect user autonomy.

Even if you already host a centralized website, you can change your DNS name to an ENS domain and run censorship-free websites. This is one of the key features that distinguish it from other domains.

The NFT technology and the Ethereum blockchain increased ENS Domains' usage. As NFTs expanded beyond the cryptocurrency culture, ENS domains have become easy for marketers to indicate that the technology is cryptocurrency-friendly.

Why spend millions on NFT projects or creating a DAO when you can register an ENS Domain for $30 and build a decentralized community? This may appear absurd to those unfamiliar with the decentralized universe.

Brands are paying millions through NFTs to share messages, simply marketing and advertising for them. ENS Domains is another form of advertising, albeit more direct and successful.

We are always looking for signals to promote a company. Similarly, ENS Domains are a significant signal that every crypto-native and blockchain fan would notice. If you are a company owner or an individual interested in hosting your brand in a decentralized space, keep reading!

Benefits of ENS Domains for Businesses

Businesses can use ENS Domains in various ways, and we strongly encourage businesses to use this technology. There are various inventive ways to use ENS Domains for commercial purposes instead of personal use.

A company might use the ENS domain more creatively and user-friendly by sharing and accessing it using Ethereum addresses with partners and customers. This makes it simpler for clients to send payments and interact with businesses' smart contracts.

ENS Domains can be used to create branded decentralized websites hosted on the Ethereum blockchain. This enables enterprises to have a distinct and secure presence online that is not managed by any centralized servers.

Businesses may benefit from ENS Domains in various ways, including accessibility, security, and autonomy. Businesses may use ENS Domains to harness the power of the Ethereum blockchain to provide a more engaging and secure experience for their customers and partners.

On the same website, you may host decentralized parties, private events, client activities, and so on and control everything based on your preferences. No centralized server can impose censorship or content control on your business data.

Furthermore, with ENS Domains, businesses and those who visit the businesses no longer have to worry about their data being collected, stolen, or manipulated. Users are free, just as businesses can freely customize their website policies, removing the need for third-party monitoring or control.

ENS vs DNS

ENS and DNS compress the complex internet addressing method (Blockchain Address/IP Address) to a unique, human-readable domain name.

• ENS: Blockchain Addresses are alphanumeric 42-character long strings.

8iujhgt54dr5ghbvc7yhj9jgt5sa2fvvbko907991 - Blockchain Address

Quik.eth - ENS Domain Name

• DNS: IP Addresses are numeric 9-15 characters long strings.

198.0.10.223 - IP Address

Quik.com - DNS Domain Name

(Example)

The primary difference is that ENS is decentralized, whereas DNS services are centralized. ENS obtains numerous programming to verify that a specific ENS Domain name is associated with a specific blockchain address. On the other hand, DNS is based on a single centralized server.

Because of blockchain technology, ENS can gain a competitive advantage. Your domain name may be at risk if the centralized server is compromised. It is extremely rare to hack a blockchain and its complex nodes with ENS.

When it comes to implementing and learning new technologies, comparing DNS to ENS is essential since it allows you to comprehend the naming services. You surely don't want to be caught off guard, do you?

However, no one wants or can memorize IP addresses or blockchain addresses. Domain names have blessed us with the ability to convert these addresses into human-readable names.

This allows us to improve security while increasing exchange speed and customer experience. Global cryptocurrency usage is now below 10%, but with ENS Domains and other advanced features, decentralized space will eventually onboard more than one billion users.

Be aware of the ENS Domain Swap Scam!

Some cybercriminals exploit ENS Domains to camouflage their crimes as a layer to cover stolen earnings, but first, let's grasp the ENS Subdomains Scam!

Suppose Quik Domains is releasing ENS subdomains to Quik Domains buyers. Quik Domains owns Quik-dot-eth ens and is about to launch ()-dot-Quik-dot-eth, both of which are officially Quik Domain subdomains.

Suddenly, you observe people buying Quik-dot-official-dot-eth or Quik-dot-domain-dot-eth; are these connected to Quik Domains? These are April fools' hoaxes for people longing for a popular 2LD-based subdomain.

If the 2LD is not directly associated with a popular or whatever ENS Domain TLD you like to register, completely avoid doing so, as it is merely an official scam being played. You eventually buy it thinking you have obtained a huge name.

They are not sophisticated frauds or rather simple ones; here are some terms you should understand before buying any ENS Domains:

Imagine you search for your name brook-dot-eth on Opensea and find out that it is not available, but suddenly you find this one brook-dot-official-dot-eth, and you buy it believing its an ENS Domain; well, that's a subdomain, and please don't fall prey to that.

It's not that you shouldn't buy subdomains, but only when you understand the concept and buy subdomains from official names for which you can get the dedicated value and be of use, such as Quik-dot-eth or ENS-dot-eth.

These are official, and their subdomains would contain these names as 2LD + TLD and not "official" or "brand" or any such name.

Nevertheless, mint a bargain that says ()-dot- any of the top characteristic names less than 5 characters long-TLD because it may yield a better value as obtaining branded subdomains, depending on whether or not the brand offers them.

Although these are not outright scams, they should be avoided. Let's examine how one user tried to hide his identity using ENS Domains. Once, a Twitter user was compromised by a malicious document sent via Telegram.

The Twitter user fell victim to social manipulation when the attacker claimed to recruit people to test his game and provide feedback. Once the user's trust was earned and the game was played, the assault sent a telegraph document that appeared harmless concerning feedback other users had made thus far.

And the document was downloaded by the user! (game over)

After a few days, the user's wallet was hacked and steadily depleted. With ENS Domain Swap, the funds began to drain in small quantities as the assets were transferred to an ENS Domain name, following which the scammer then swapped the ENS Domain name again.

The scammer altered the ENS Domain name three times and swapped funds until half was transferred to another ENS Domain-owned wallet, and the other half was turned into Wrapped ETH.

The other half was changed to WETH as it passed through GemSwap and then moved to an ENS Domain-owned wallet, and all of this was traceable owing to blockchain and its ledger-based database.

Altogether, the wallets changed three times, and the other included GemSwap featured two wallet swaps, which carried the full scheme. Yet, in this case, we can see how the criminals exploited ENS Domains to carry out such high-level theft and ultimately were able to sell the domains on Opensea.

The hacker assumed that changing their addresses would make it impossible to find them, but it would have worked if they had utilized tools like Etherscan. Still, some softwares allow you to visualize what's going on with the wallet as other modifications occur.

However, the drastic shift of the ENS Domain and the fact that this change occurred in the same timespan only made the defamation work easier, so it was not prudent of the wallet owner to do the following instantly, and the new names were consistent. Still, the address and exchange were published on the blockchain, making it traceable.

This demonstrates that it is difficult for scammers attempting to use ENS Domains to avoid detection. Even for those who believe they can avoid detection by changing their wallet address, etc., tactics, a quick reminder: blockchain archives everything, and all of it is exposed to the public.

Scams involving ENS are traceable but don't fall for them since even if the user is identified, physically approaching the user may be difficult at times, and haggling with the user for the return of stolen assets is something only movies can accomplish.

Quick Guide to Import DNS Domain to ENS Domain

If you already have a DNS Domain but want to transition to an ENS Domain, here's a quick step-by-step guide! To import a DNS domain to an ENS domain, you must first possess the domain name on DNS. You cannot switch a DNS name on ENS that you do not own or possess.

The next is to create an Ethereum account. Why? Because ENS names, including those converted or imported to ENS, are held by Ethereum accounts (wallet) after that. To create your account, you can use any supported Ethereum wallet.

The next thing you'll need is some ETH in that wallet. Although there is no ENS protocol charge for importing DNS names to ENS, the only required for the process is the Ethereum gas fee, which is paid with ETH in your wallet.

However, importing requires a large amount of gas, depending on current prices. The current Ethereum Gas Fee is 20.59. (at the time of writing). It could be a little pricy right now, but not in comparison to what it will be in the future.

Here's how to import your DNS Domain into your ENS Domain:

Step 1: Open the ENS App in your browser and connect your wallet to the ENS Manager App. Scroll through the window and click "connect" in the upper left corner.

Then, choose the wallet or wallet connect option and follow the prompts in your wallet to have your connection authorized by the ENS App.

Step 2: Browse for the DNS domain name you want to import into DNS and click it to see the results. When you find it, it will show you how to import the domain. Keep the tab open because we'll need it later.

Step 3: Go to your DNS Registrar site and browse the options for your domain name where you may enable DNSSEC. You may also find this in Google Domains by selecting "DNS" from the left-hand menu. DNSSEC is enabled by default on Google Domains, but if it isn't, enable it.

Step 4: Navigate to the "Custom Records" section and create a new record using "_ens" as the hostname, "TXT" as the type, and "a=[Ethereum Address]" as the data. The Ethereum address is the one you enter in the data part in the manner above, and it will manage your DNS Name (wallet).

If you want to change the Ethereum account that holds the DNS name on ENS in the future, you must return here and make all the modifications in the address described above. Make certain that the Ethereum address is entered correctly in the data section.

Step 5: Let's return to the ENS App where we left off. If you mistakenly closed the tab, reopen it and search for the name again. Refresh the page to see if it can verify that your necessary name has DNSSEX enabled and that your TXT records are now present.

Don't be alarmed if it takes some time; even if all of your information is correctly submitted to the DNS side, it may take a few minutes to hours for your DNS records to circulate and result. You can now leave the tab open or dismiss it, as you can monitor the status of your name.

Step 6: Refresh the website to see if your records have migrated. Click the blue "register" icon once it turns green. Before proceeding, connect your wallet and test the connection.

Even though it has gone green, the "register" icon may remain grey if your wallet is not connected. To do so, go to the left menu tab of the page and select "connect," then follow the directions to connect your Ethereum wallet.

After you select "register," your wallet will ask you to confirm your transaction to begin importing your DNS name into ENS. This is where things start to become expensive. As previously stated, there is no ENS protocol cost for utilizing an ENS DNS name.

The primary expense for importing is the gas fee charged by the Ethereum Network, which changes depending on the current market pricing. Once the name is registered, no more ENS costs are required. Check the ETH fees for registering your name now.

If the predicted gas price matches your balance and you have enough ETH in your wallet, click "confirm" to proceed with the transaction. After the transaction is validated on the Ethereum Network, the import procedure is complete, and your DNS name is now your ENS name.

Step 7: To control your ENS Domain Name, go to the bottom right and click the "view in manager" icon. The ENS registration for the domain name may be located here. You can see that the ETH Address record has been created automatically!

This also implies that you can immediately receive ETH and any Ethereum-based token or NFT in your linked wallet. If you want to modify any other record, such as your website URL or avatar text, click "add/edit the record."

You can put all the records here, and let's say you want to add something that doesn't have a feature shown by default (cryptocurrencies). Click "add a record," then select the type of record you want to create next to the icon, enter the data, and click "save."

Once all the records have been filled up to your liking, scroll to the bottom of the page and click "confirm." The ENS App will display all of the data you are configuring before asking you to confirm and submit the transaction to set the records.

The records are now set on the Ethereum Network once the complete transaction is confirmed.

Step 8: The last one (don't worry)! Now, on the left menu of the window, click "my account" again. If you don't have a reverse record set or want to establish it to the name you registered, select the name from the drop-down in the middle of the screen, then click "save."

Once complete, your wallet will prompt you to confirm and submit the transaction. Your reverse record then assigns one of your ENS identities as your Ethereum account's cross-platform web3 username.

Once everything is in place, you should start seeing it in the dapps! For example, when your reverse record is created and verified on the Ethereum network, access any dApps to verify your wallet name.

So, instead of a button, you can see your name here. Yay! Congratulations on importing and configuring your DNS Domain Name into your ENS Domain Name.

Are ENS Domains NFT?

NFTs are all the rage right now, with many users and high-profile individuals investing heavily in NFTs and selling, trading, and exchanging on a massive scale. When people think about NFTs, they usually think of art, collectibles, or video games, but there's more to it!

Because ENS Names (.eth) are ERC-721 compatible, all ENS Domains are NFTs. This also implies that they can be used with any NFT wallet and transferred at NFT marketplaces, dApps, or applications.

ENS Domains are, by definition, non-fungible. However, even this promising technology languished for eight after its proposal. However, it was due to Ethereum's acceptance that it was later converted to the ERC-721 standard to take advantage of the expanding decentralized system.

This is not to suggest that other NFTs aren't useful; nevertheless, each one serves a specific purpose. Names, like the ENS, is an operable utilities with numerous capabilities and characteristics that may be accessed and utilized in the decentralized space.

You can use it to receive cryptocurrencies or other blockchain-based things, link ENS domains to a decentralized site, and connect or save profile information like avatars, social media URLs, email addresses, etc.

Since ENS Domains may contain any information or key, users or organizations can create their own ENS records. If you have reverse resolution enabled, your ENS name will be displayed as your username when you connect to dApps, as previously specified.

ENS may be linked to approximately 175 services, which is several times the number of blockchain name projects combined. Because ENS Names are NFTs, users can participate in the growing NFT economy (the reason it is sticking on Ethereum).

The primary reason it is on the Ethereum Blockchain is that it allows people to quickly trade and move it to other Ethereum accounts, DAOs, and so on. ENS Domains support every part of the NFT mechanism's technology.

With an ENS domain, you can receive cryptocurrency, host websites, create digital identities, connect digital avatars, and so on. It is all due to the NFT mechanism and its underlying blockchain technology that has enabled revolutionizing fields.

Blockchain and ENS

ENS NFTs, as the name implies, are only compatible with the Ethereum Blockchain. If the Ethereum Blockchain is demonstrated to be the dominant dApp platform or for severely dropping market share to competitors, the value of ENS Domain Names will be diluted.

Various alternatives to the ENS Names exist on identical and dissimilar chains. This might give them an advantage or force them to the ground together. Everything that happens in the decentralized space impacts the entire economic system.

Several users have speculated that the existing procedure for checking in to accounts on the web2 using a username and password will be obsolete in a few years. Cryptography provides a superior level of security against hacking and other activities.

Turning comprehensive blockchain chains means that a wallet address serves as a functional login for all types of dApps, and it is convenient and simple to combine the information with it. It also appears that the ENS Domain trends have energized the NFT community, with many NFT advocates adapting their ENS Names on their social media platforms.

As more users advance in the decentralized space, many prefer the convenience and enhanced UI. It could be a bigger cultural tendency, and some of these areas will be more expensive than we anticipate.

ENS Domains & NFT Domains

ENS and NFT Domains are both NFTs that may be transferred to one another. Is there a difference? Both domain name service protocols are NFTs that can be registered or purchased through cryptocurrencies and digital wallets.

You can purchase both Domain Names on any marketplace that offers similar services for hosting and networking. Both domain names are built on Blockchain Technology and run on smart contracts.

If you want to merge them and call them one, you can call them a blockchain domain, but they cannot be combined as there are some differences between them. To put it simply, ENS Domains are partly centralized, but NFT Domains are completely decentralized.

NFT Domains do not expire because the domain owner owns it for eternity once it is minted or registered. Although this affects centralized server security controls and safeguards, in contrast, it allows complete autonomy.

ENS Domains expire! That will be covered in our next segment, so keep reading! Because of the blockchain technology employed, all of the properties of both Domain Names are equivalent and equal.

However, other minor elements come with the expiration that has a greater impact on the ENS Domain Price being higher than others. NFT Domains are a one-time investment that includes all blockchain assets and functionalities.

We have an entire post dedicated to NFT Domains that covers all you need to know about them! (1). You can easily locate and compare characteristics and differences. The main difference in technology can be understood in a single read.

You can read about NFT Domains in our explained article.

Do ENS Domains Expire?

Here's the feature that distinguishes ENS Domains from other blockchain domains. Let's travel back in time because when ENS first began, it used a Vickrey auction in conjunction with a deposit-and-return approach for its native dot-eth domains.

In 2019, ENS switched to instant registrations with an annual price plan. To facilitate the transfer, all dot-eth names registered before the conversion received a free year of registrations, which encouraged consumers to pick it.

Similarly, ENS Domains have an expiry date determined when the name is registered. When registering, the user must specify the annual length corresponding to the ENS Domain Price. It also determines the ENS Domain pricing for annual renewals.

When an ENS Domain expires, it provides a 90-day grace period during which the rightful owner has exclusive rights to renew it before the time expires. If the ENS Domain's original owner cannot renew the domain within the 90-day grace period, the domain becomes available for registration to any other person.

Those who want to renew their ENS Domains can do so easily through the ENS app.

The only disadvantage of ENS Domains is that they must be renewed annually and are subscription-based, which can burden individuals with poor memory and may result in losing the ENS Domain forever or negotiating with some other owner.

ENS Domain Renewal

When an ENS Domain expires, it is given a 90-day grace period during which the original owner has exclusive rights to renew it; if the rightful owner somehow doesn't renew it before the expiration of the 90-day grace period, the name becomes accessible to others to register.

There is a reason why ENS Domains have renewals, whereas other decentralized service providers do not. ENS is a service for the public welfare and the entire decentralized ecosystem, and it always welcomes community engagement and accepts feedback.

Before we get into why we think a rental system is better than a permanent model, we must comprehend why ENS names are so expensive in the first place. If the system is so open and accepting of feedback, wouldn't it be better if the service was completely free for users to register for?

It would have been free of cost, but one of the major issues it would arise would have been squatting. If name registration was free and the user could keep the name indefinitely, there would be little to stop a small group of people from quickly registering practically any name people may want.

They might, but then spammer may "squat" on them, ultimately suffocating and rendering ENS useless, charging hefty prices, or even implementing their own fee scheme. For ENS to be useful, there must be a limit on the number of names a person can possess for speculative purposes.

The greatest approach one can think of is to make ENS cost something, which also comes with certain advantages for the service. Users can immediately purchase an eligible ENS Domain and register to have their timestamp associated with the current model.

But, in the old model, the winner of an auction was required to deposit the value of the second highest bid into the contract, and if they released ownership of the name, the deposit was refunded to the user.

This deposit mechanism might also be used with a fixed deposit amount and has its own benefits. It would allow people to test ENS with little risk, and users would get their deposit back when it was released. It was still an experiment, so it made sense for them to test with options before finalizing the product.

Since users know that they can have their deposit returned, it doesn't operate as a strong deterrent to squatting, which is why a fee is in place. Thus, the reasoning goes, why not grab a nice name and retain it indefinitely when you can retrieve your ETH back?

The only losses would be transaction fees and opportunity costs, which, while sizable, and not appear to be a sufficient deterrent. Since it's difficult to know for certain, it's estimated that squatters own 80% of all ENS names.

So what happens if the private key is misplaced? Without some type of "check-in" procedure, the name will probably stay locked in forever.

It is worth noting that, in contrast to other components of the wallet system, such as public keys, the number of usernames would rather get restricted if the key is lost. Hence, leading to the loss of valuable names is more serious here than using an ENS name.

As a result, ENS employs an annual subscription scheme that better handles the abovementioned concerns, which also illustrates why it has evolved into the DNS model.

An annual cost means that every year a squatter has a name they are not using or storing and are merely losing ETH for renewals that they cannot recover, making squatting expensive and causing settler to think twice before proceeding. This can be a huge expenditure for a squatter with thousands of names.

A modest annual charge should not be a major disincentive to legitimate use for an individual or corporation with only one or a few names. Users aiming to own their name forever and can pay upfront by selecting as many renewal years as they want and worry less about the future.

Users can exchange USD or ETH to securely renew their ENS names for as long as they desire. Since you can't get back the money you have spent already for renewal even if you paid forward for many years, it means that squatters, presumably not paying forward to save the expenses, will have the added technical burden of renewing domains regularly.

If the private key that contains a name is misplaced, the name will automatically get released after the paid registration time expires, and the name becomes safer and more revolving. There is. However, no rent for DNS names registered on ENS.

If the Ethereum foundations register ethereum.com on ENS, they can publish ENS records for the domain without paying any ENS rent. Subdomains will continue to be free in the new system, minus the transaction fee for creating them, and will not have any rent.

This means a wallet provider could pay the rent for any given ENS Domain and create as many subdomains as they want. To give users even more trust in their ownership of the subdomain, the owner of the main name could hand over control of it to a contract that would allow the user to get subdomains but not allow the owner to take them away.

Concerned about the annual price for the primary name not being paid, resulting in releasing the primary name and all subdomains, ENS has devised a mechanism in which anybody can pay for any ENS name.

If there is any uncertainty about the charge being paid, subdomain users can pay the primary name fee if they want to. So, now that ETH is paid out annually, where do the funds go? Does the ENS foundation hold it, or is it used for something else?

ENS could have built it such that all fees immediately get burned, but instead, ENS fees represent an excellent, consistent source of income for ENS's continual growth, expansion, and promotion.

As previously stated, it began as an Ethereum Foundation project and was spun out as a distinct business, True Names LTD, a Singapore-based non-profit. The funding comes solely from grants, most of which came from the Ethereum foundation.

ENS has no investors, token owners, or shareholders to repay, and it is not aiming to make a fortune selling domains. The first thing to remember is that ETH from yearly rent does not go to True Names LTD, the business in charge of development.

Instead, it is sent to the Ethereum account owned by the ENS root key multisignature holders. The ENS root key is a four-of-seven multi-signature that permits them together to make fixes or upgrades to the whole ENS system.

Since ENS represents a significant public utility to the Ethereum network, the 7 ENS root key holders constitute an array of the Ethereum ecosystem. They are all listed at the bottom of its website team page with all the information:

• Nick Johnson
• Sergey Nazrov
• Aron Fischer
• Dan Finlay
• Martin Swende
• Taylor Monahan
• Jason Carver

This means that whatever these people can agree on with the ETH from the yearly rent will be what happens to it.

The ENS root key holders could provide some ETH to True Names TLD for sustained ENS development, contributions to other projects, as well as some back to the Ethereum foundation and use it to pay gas charges for the construction of ENS domains and subdomains in permitted wallets, burn it, or just do nothing with it.

Several users wonder if ENS yearly rent can address the long-term protocol developer funding issue through ENS. Nevertheless, ENS does not anticipate generating sufficient funding for that anytime soon.

To give you a sense of scale, imagine there are now 30k ENS domains registered (assume), but only 5k have resolvers set, indicating that they are not just owned by a squatter. If all 5,000 of these domains began paying rent following their initial rent-free year, the annual cost would be around $25,000.

The first step would be to give ETH to True Names LTD for continuous development and promotion of ENS to wean them from the need for funding from other companies. Second, extra ETH will be distributed as funding to other projects in the ENS network.

ENS will undoubtedly investigate numerous decentralized methods of dispersing these extra funds, such as a DAO. If the revenue from ENS yearly rent becomes very significant, offering awards to other Ethereum projects would be prudent.

This is how ENS grew from a project to a full-fledged network.

Now that you've learned everything there is to know about ENS, and the complete funding system, let's move on to what occurs once the domain expires and delve deeper into the ENS Domain game.

However, here are the following steps required to renew your ENS Domain:

Open your Ethereum-enabled browser on the phone or desktop, probably, MetaMask, which is the most commonly used wallet and browser for many. You can carry out the following using any wallet as the method is the same, and there's not much variation. After all, you are landing on the same page in the end.

Nevertheless, before proceeding, ensure that you have the required amount of currency in your wallet and that the wallet you are signing in with is the same. It makes no difference because anybody can renew ENS Domains, so those doing it for themselves should kindly follow the instructions.

Go to the ENS manager or just search for app.ens.domains and enter the domain name you want to renew, including the ending, and click "search" or press "enter."

If you can't recall the name, simply click the "my name" menu item in the upper right corner to display all the names you possess with the connected wallet account.

Click on the ENS Domain you want to renew, then in the middle of the screen, look for the line that says "expiration date" close to it on the right. It should tell you when your name expires. Now click the " Renew " button to the expiry date's right.

Now, on the left, use the plus and minus buttons to select the number of years you want to add to your name's registration, and to the right of that, you can see what that number of renewal years would cost in both ETH and USD.

After you've chosen the number of years you want to renew, click "renew," and a box in the manager will appear asking you to verify that you want to renew the name. Simply click "confirm."

Your web3 browser will now prompt you to verify the Ethereum transaction and toward payment for the renewal. Click the "confirm" tab and complete the transaction. You are finished once the transaction has been verified on the Ethereum network.

The name should now have a new expiration date. It's not difficult, but make sure you choose the years properly. In the bulk-renewal section, we'll go through the Ethereum gas fees and how the renewal charges operate.

As previously stated, the annual charge is determined by the number of characters in the name. The yearly fee for a five-character ENS Domain is $5, a three-character ENS Domain fee is $640, and a four-character ENS Domain fee is $160.

You can personalize the annual operation and select and pay the fees you want to renew for as many years as possible. Assume you have a five-character ENS Domain with an annual payment of $5 and want to renew it for the next five years or more at the same price. You can do so by paying the annual lump sum fee.

You can always change the additional registration period and fee while the name is registered or renewed. Those with multiple domain names to manage and who have forgotten their ENS Domains can go to the ENS app and connect with the wallet account to verify the collection and what they possess.

Click on "my name" at the top of the screen to view all the names associated with that wallet account. If this does not work, try logging into another wallet account. Long strings of blockchain addresses may appear in some ENS Domains.

Why? Because all ENS Domains are saved on-chain as hashes, the ENS app only displays names in the dictionary look-up and if you have submitted the domain to the ENS directory.

To renew a name not adequately displayed on your page in the ENS app, look for it directly in the search field (simple). Before we go any further, let's review the ENS Domains Renewal Model!

There is a reason why ENS Domains doesn't offer one-time or perpetual ownership. If there are no restrictions or annual subscriptions, some original, proactive, and appealing domain names may vanish with no trace.

When there is an annual registration, users can reclaim the top ENS Domain names if they are unused or expired. A subscription also urges the user to use the ENS Domain and not leave it idle.

ENS Names are more expensive since it always strives to prevent squatters from obtaining the best domains and prevent flipping. Flipping comes with domain names with permanent ownership, but when it comes to ENS Domains, it will expire and will not be misused.

The ENS Domain auction methodology requires the auction winner to deposit the second highest bid amount into a contract. If they decide to relinquish ownership of the name, their deposit is reimbursed to them.

The deposit concept also functions as a fixed deposit sum, similar to real-estate rent. There are also additional benefits to the deposit concept with ENS Domains. It enables users to own ENS Domains with no risk.

When ENS was first introduced, it was only an experiment; if it did not work out, people could get their money back (concept). Although people know they may always get their deposits back, it does not significantly impact a security hold.

That is why ENS Domains are so expensive in the first place. However, squatters cause a loss of transaction fee, which for some reason is not enough of a deterrent, yet there are estimates that settlers control 80% of ENS Domains.

In some cases, we may lose our private keys. So, what happens next? Is the name permanently locked? This could be a problem for the check-in mechanism, as, unlike the other aspects of Ethereum public keys, only a limited number of user names exist.

Squatters will likely cause significant losses for the ENS server and its clients. At such times, the annual fee system enters in handy with certain better alternatives to the problems listed above!

Applying an annual fee means that the squatter retaining the name no longer in use will be charged ETH each year, which they will not be able to recover without any equivalent practical value to themselves.

This will certainly be expensive for a squatter with hundreds of names in their bag. A modest or annual subscription should not impede authorized users for individuals or businesses holding one or a few ENS Domains.

Users who desire to keep their name eternally for future uses can also pay ahead, as previously suggested. Pay a one-time annual cost and keep the ENS Domain for that period (depending on your lump sum amount).

You can't get the fees back once you've invested them, even if you paid ahead for many years, so settlers won't be paying ahead to save money. This adds to the administrative complexity of regularly renewing names (haha).

Similarly, if the ENS Domain name holder loses the private key, the name will be relinquished with its paid registration time and made available for new purchases on the market. This makes Domain Names using Blockchain Technology a more secure alternative (saving names).

Understand that no rent will be charged for DNS domains registered on ENS. If the Ethereum Foundation asserts ethereum.org on ENS when the DNS Domain integration is complete, they can set the ENS records without paying an ENS fee (yes).

Furthermore, like with the current system, the new subdomain feature is free (less the transaction fee), and subdomains have no rent. For example, as a wallet provider, you might pay the rent on your original ENS Domain and then provide consumers with the many subdomains you like.

You may alternatively transfer complete management of it to a contract allowing users to gain subdomains but not allowing the owner to take them away, giving the users more confidence.

Suppose users are concerned about the annual price not being paid by the actual owner for the original name, resulting in the release of the name and subdomain. In that case, ENS Domain accepts fee payment from any name or subdomain renewals, which renews the complete ENS Domain.

If you are unsure about the charge, subdomain users can pay the main name fee if they want to keep the second name. So, where does it go now that you've paid your annual ENS Domain fee in ETH?

ENS Domains is built so that all fees are automatically burned. Many believe that instead of burning it, it should be used to advance the features and upgrades on ENS.

ENS began as a project of the Ethereum Foundation before becoming a distinct corporation with True Names LTD. The Ethereum Foundation has provided the majority of the financing for ENS Domains.

It asserts that it has no shareholders, token holders, investors, or any other entity they are obligated to repay and that they are not working for personal gain from ENS. According to the non-profit organization, there is also work that needs to be done for ENS to succeed.

It also contends that it would be unusual for them to seek support from other groups while burning a large source of indigenous funding for the project. As previously stated, ENS Domains expire after a 90-day grace period during which the original owner can restore exclusive rights to the name.

After the expiration date, the names are made available for registration on the marketplace. However, a name is not eligible for registration by a new individual until 90 days after it has expired. Newly released names will carry a declining pricing premium to avoid a stampede to register an expired ENS Domain.

The premium over the average ENS Registration Price begins at $2000 when the name is published and then drops linearly to $0 over 28 days. This means that it dropped by about $71 every day, and after 28 days, the registration fee becomes the standard ENS Domain Registration Price.

Although the $2000 level is greater than most of the names auctioned, it will prevent all but a few names from being sniped by increased gas costs the instant it expires. The 28-day term should provide plenty of time to get the name at the amount people believe the ENS Domain is worth.

If you want to transfer any premium name included in the registration price, wait 28 days and snag it when it is released for an average cost! The process for registering these names is comparable to registering common names.

Launch the ENS App and search for the name you want. It will then present the current premium to register. If the current premium is too expensive, enter the maximum premium you are ready to pay for the name.

You can do so under the "premium" section or click on the price chart, which will show you when to return and register the price and domain. Click "remind me," and the info will be added to your calendar, so you don't forget it.

The fading premium applies don't future expiring names. It may impose some obstacles for consumers attempting to re-acquire after a grace period or otherwise, but the service promises to be altering a few aspects in the future.

It should also be noted that any ethereum account can fund the ENS Domain renewal charge. This has nothing to do with who or what owns the name. It means you can renew domains without logging into the same Ethereum wallet account which owns them.

You could need the wallet if you forget the domain. Although paying to renew an ENS Domain does not grant you ownership or any other rights. It merely permits other Ethereum accounts to renew any names for convenience.

How to bulk-renew ENS Domains: A step-by-step guide!

Now that you know how to renew ENS Domains, this segment is for individuals who want to buy ENS Domains in bulk and manage renewals and subscriptions simultaneously.

To summarize, bulk-renew ENS Domains.

The approach is similar, but let's start from the beginning for those new to this part. Buyers must pay the price based on the years they want to renew their ENS Domain and note that as we do bulk renewals, it might be higher, so bulk-buy is based on that.

To bulk buy, simply follow the same steps as when buying ENS Domains, but instead of proceeding immediately to checkout, add them to the favorites and store all at once, and then proceed to checkout one-buy-one, and bulk buy ENS Domains from the cart.

You will undoubtedly pay more if you renew ENS Domains in bulk. Realize that the yearly fee is determined by the length of the name, as names with five or more characters may cost $5/year, while characters with four or fewer characters may cost $160/year or more.

You can pay ahead for as many years as you want, thus if you have a name like name-dot-eth, you can purchase it for $160 for a year and pay a year of renewal charge, or you can pay $1600 for 10 years or as many as you want.

You can also add renewal time when purchasing the domain, and you can pay the renewal fees using any Ethereum account, which means that even if you are not actually holding the wallet or have lost contact with the wallet, you can easily renew the domain using any Ethereum account.

Whenever an ENS Domain expires, the original owner has 90 days to re-register the name before it becomes available for public purchase, which means anyone can register once the name expires officially.

Here’s how to Bulk-Renew ENS Domains:

Open your Ethereum-enabled browser on the pc using Chrome, the MetaMask extension, or any other browser you want. But for now, we're accessing it using the MetaMask browser.

You can do the same if you're using a mobile device or another device that supports MetaMask or another Ethereum-enabled browser of your preference. Ethereum-enabled browsers should work similarly on every device, so simply follow the procedures below.

Now that you've launched the browser, navigate to the ENS manager or just go to app.ens.domains and save the page for those renewing domains for the short term, as it's the simplest way for you to manage the names, simply click bookmark and land onto the renewal page.

Once on the main page, scroll to "my names" in the upper right corner and click on it. This will take you to a page that includes all the domains for which you are the Registrant and Controller, which are segregated into two tabs.

The expiration date is shown to the right of each name, and some names may be displayed as long strings of random characters. This is because all ENS Domains are preserved as hashes on-chain, and ens can only showcase names in the manager if they are in your dictionary look-up.

To renew a name not properly appearing on the "my names" page in the "manager," browse for the name directly from the search box. Now, mark the box to the right of the name and choose to renew it.

To select all the names, tick the box at the top-right of the list and click the blue button close to the top tab, "renew selected," which will reveal a tool for choosing how long you want to renew the names.

Now, on the left, use the "minus-plus" buttons to select the years you want to add to your name's registration, and on the right, you can see how much renewal years would cost in both ETH and USD.

Eventually, a box will appear in the manager asking you to confirm that you want to renew the name; simply click "yes" and submit the Ethereum transaction. The browser will then prompt you to confirm and submit the transaction.

You can then raise the Ethereum network cost to confirm the transaction faster. Once the transaction has been completed on the Ethereum network, you should be able to see the changes in expiry dates for all of the ENS Domains you have bulk renewed.

What happens when the ENS Domain expires?

When an ENS Domain expires, it undergoes a 90-day timeframe in which the name's rightful owner has exclusive rights to reclaim the domain before it officially expires.

If the original owner does not renew the name within the following 90-day timeframe, the name is relinquished and then becomes available for registration to anyone.

How to snatch an expired ENS Domain?

The premium over the standard registration fee for the name opens at USD 2000, the amount the domain becomes eligible and declines exponentially to $0 over 28 days, which implies it goes through a $71 reduction a day.

Hence, after 28 days, the registration cost is the standard fee, which may be $5/year on average, but it also depends on the name. Yet, $2000 is higher than the price of 90% of the names in the sphere.

As a result, except for a few names, it should prevent them from being sniped by high gas costs the instant they expire. This, paired with the 28-day term, should provide consumers ample opportunity to buy the name at a reasonable price.

If you want a newly released domain with no premium added to the registration price, wait 28 days and then register it for a lower price. The process for grabbing and registering these names is the same as for registering a new ENS Domain.

However, it will show you the current premium, and if you find it too expensive, simply type the premium you are ready to shell out in the "premium" area or click the price chart, and it will tell you when you will need to return and register it.

Selecting "remind me" will allow you to add the date to your schedule, so you don't miss the ENS. This decaying premium would apply to any name that expires, and the premium may present challenges for users at times, although ENS may alter in the future if the community votes for it.

But remember that if you are awaiting for snatch ENS but due to greater premium, you decide to wait and return after a specific period just to realize that another user has already grabbed it, so be cautious or rather be fast or forget.

Why ENS allows any user to renew any ENS Domain?

Any Ethereum account can pay the renewal charges for any name, regardless of ownership rights. This means anyone can renew without logging into the Ethereum account that holds the ENS Domain.

Paying for renewing an ens does not imply ownership, establish any relationship with you, or provide you with any notice of expiry. The fact that every Ethereum account can create and renew every name is purely a convenience feature.

Can ENS replace DNS?

Before we go any further, let me clarify that ENS is not here to replace DNS but rather to provide a much better-decentralized alternative. ENS and DNS can coexist, and DNS can be changed to ENS.

Also read: ENS vs. Unstoppable Domains

Also read: ENS vs. QNS

Also read: Quik Name Service, QNS

There are millions of active ENS domains, with the platform witnessing thousands of new name registrations daily. ENS uses native cryptocurrency to achieve a least a portion of the fundamental purpose of customizing crypto wallet addresses.

ENS tokens can also be swapped for other cryptocurrencies, and users can convert ENS to USD. This will be covered in depth in our future segment. Owners of ENS can receive digital items by connecting their crypto wallet to a single ENS domain.

Users can buy and manage ENS Domains for their websites, wallets, NFTs, social media accounts, and other digital assets. ENS Dao maintains it, and ENS Domains claim to make it easier for brands to link directly to their users on the Ethereum Blockchain.

ENS is today's go-to solution for hundreds of decentralized app users since it provides a tool for integrating their online presence while also assisting them in entering the Web3 realm. ENS also makes it simple to communicate with other Ethereum-based smart contracts.

The year 2022 has been a crazy ride for the ENS community. The goals of ENS and DNS are similar, as are the functions and qualities. Still, the main distinction is that one is based on centralized technology and the other on decentralized technology.

ENS is the system's native cryptocurrency that is the only the system's governance token. ENS adoption was substantially higher than DNS adoption, indicating the implied volatility of the cryptocurrency market and ENS Domains compared to DNS.

ENS currently has more domain registrations than DNS. Furthermore, with ENS, you can have a DNS Domain converted (which we have already discussed above). In contrast to DNS, ENS Domains do not have any security issues.

The domain's developers or owners get control over the domain's top-level domain and its subdomain. Every year, hundreds of assaults are launched against DNS and its ISPs. In contrast, ENS names have now become synonymous with decentralization.

It now has a market capitalization of $310.47 million, making it one of the most valuable cryptocurrencies on the market. Aside from that, it is the market's #1 Domain competitor, making it a game changer.

Are there any drawbacks with ENS Domains?

It's not like every technological advancementIt'sprone to safety and not an adversary to disrupt your quiet slumber. However, the decentralization of this technology makes it considerably easier for human traffickers, terrorist organizations, and illicit activities to operate in complete privacy.

Once a user owns them, their websites or activities cannot be withdrawn, traced, or seized. Even if their ENS records are written to the blockchain, they cannot be deleted. It is a threat to them and their publicly stated website and everyone.

You might see censorship resistance right now, which isn't all that bad, but that's only one aspect—moving away from anti-censorship niceties and more towards permitting high-end illegal operations, servers, communities, and websites.

Another disadvantage is that if you misplace the key to your domain, you're screwed. You are entirely responsible for preserving and securing your private key, just as you are for your crypto wallet.

Although ENS domain expiration may allow you to obtain the domain once it expires, what if the user transfers ownership or renews the domain name for personal reasons?

If you lose it, you lose all control of the domain. Private key management is now one of the most significant barriers to decentralized adoption. The average user does not want to bear such a burden.

Most consumers buy the domain and then call someone to set up the annual fees and passwords. That is not possible for ENS because it uses native blockchain technology, giving only the domain owner ultimate control.

Anyone can use decentralized technology for the sole purpose of the anonymity it provides. Although this is not the case with DNS, where there is a public registry and registrants keep all personal and corporate information.

Well, if you read attentively, the disadvantages are also the advantages. Thus, there are currently no downsides other than technology falling into the wrong hands and wallet misplacements. But if there are any, we will cover them up for you.

It should be noted that DNS is more vulnerable to assault and malware than ENS, which has a proven track record. We are discussing the disadvantages to help you realize the potential risks (which are rare owing to blockchain technology).

As previously stated, no technology is without flaws; nothing in our world is flawless. But things can be better than one, as ENS is superior to DNS in many ways. But the choice is entirely yours; continue reading to learn more!

How many ENS Domains exist?

The ENS Domains service has had its most successful year, becoming the market's most widely incorporated blockchain naming standard. There are presently 2.2 million new ENS Domains registered in 2022, accounting for about 80% of all domains ever formed.

By the end of December, the ENS naming service had received 2.8 million registrations from roughly 600,000 unique users. This also suggests that displaying numerous names has become the norm in the community.

The rapid registration rate records in September could have been the impetus for ENS and its many integrations with other applications. The exchange also allowed several users to create ENS Subdomains for their IDs.

The platform's native token, ENS, is currently trading at $1, which dropped from its all-time high of $20.05. The drop has been dramatic, commencing with the FTX collapse.

ENS Domains for Twitter!

Following the decline of the crypto market, it has certainly been a fresh and innovative trend on Twitter, but users have adapted greatly to crypto domains! Everyone has been spotted linking their Twitter accounts to their ENS Domain usernames.

Since we have previously addressed most of its attributes, it is not hard to comprehend why people are adopting such names in large numbers. From ENS Domains to Twitter profiles, hundreds of users have had their share highlighting their distinctive names.

It not only brought ENS into the spotlight but also aided in the rise of ENS adoption. It sparked various conversations on Twitter regarding the future of cryptocurrencies, the blockchain business, and so on, and it also accelerated the broad adoption of decentralized domains.

The previously mentioned (.eth) are native to the Ethereum Name Service. It is the Internet's decentralized naming system of the future since it runs on a collection of smart contracts within the Ethereum blockchain!

ENS Domains can provide naming for anything. Its core components include allowing users to have their names incorporated with substituting cryptocurrency addresses, pointing to decentralized IPFS websites, constructing subdomains, and even sharing personal information attached to the ENS Domain, all while avoiding censorship and allowing for decentralized autonomy.

ENS has widely adopted a blockchain-naming system, outperforming its competitors by a huge margin. If you want to gain the most beneficial name for your personal use, grab an ENS name and begin your decentralized game.

As previously mentioned, you can also keep it as an asset for later flipping. The ENS App allows you to obtain ENS Domains and ENS Subdomains effortlessly. Why are you waiting when other users have already set up their websites and wallets with cool domains and subdomains?

With the ENS App, you can easily register and administer your creation, and if you want to know how, we've already covered it in full above with step-by-step instructions! The widespread trend also raised some concerns about ENS Domains' privacy.

You are associating all of the cryptocurrency addresses in the domain's records when you share your ENS name with someone or even post it on your Twitter profile. As anyone may look up your entry transaction list with various explorers, you may mistakenly share your financial history with an unidentified individual anywhere in the world.

Some users also mentioned that such concerned individuals could utilize the addresses associated with the ENS name for receiving but keep and storing the major cryptocurrency items in another wallet.

It is a valid and viable option, but if you store all of your stuff in another wallet, the transaction history remains public, so what's the point? You are still revealing your complete collection to the rest of the world.

You can't ignore the negatives and focus on the benefits because technology is intriguing and can change the future. We should all be aware of all terminology, which is why we attempt to educate as many people as possible.

Privacy on the Ethereum blockchain is a broad topic continually evolving and progressing. However, we advise you to be cautious until the technology is fully established with all the necessary circumstances.

You can attach your names to your Twitter profile or wherever else you think is safe as long as you are aware of all the benefits and negative privacy tradeoffs and are activating properly. You may connect your ENS Domain name to Twitter in three simple steps!

1. Connect your Twitter account to your layer three profile.
2. Set up your ENS Domain reverse records to point to your Ethereum address, and then integrate your ENS Domain name into layer 3.
3. After that, set your ENS Domain as your Twitter name, launch Twitter, and then change the name to your ENS Domain. (Done)

Connecting a decentralized service to a centralized network is not complicated. However, make sure that you are following the correct procedures. Once completed, your ENS domain will eventually establish a huge digital portfolio because it may contain unlimited addresses.

ENS Trademark Infringement

Did you know? It is not trademark infringement to intentionally register a well-known unique trademark as an ENS Domain name and keep it as a hostage. Since such incidents occurred in the early domain name system, the US passed legislation explicitly dealing with keeping domain names hostage as not an infringement.

ENS Domains formerly faced a huge trademark infringement termination request from RIAA on OpenSea, and the marketplace responded by pulling the bids, including the ENS Domain name, RIAA-dot-eth.

This music hub has had a rocky affair with emerging technologies multiple times over the last few decades. Cassette tape, digital audio Discs, Audio files, and streaming platforms have all been considered a big threat to the profits of artists and companies.

However, the tech battle all started with an NFT project when the RIAA went against NFT marketplace HitPiece for the first time, branding it as a fraud site aimed to trick fans into believing they had purchased artist-endorsed items.

Following this criticism, HitPiece was forced to shut down, and NFT Music Stream swiftly followed, but they aren't the only sites with troublesome NFTs. RIAA CEO Mitch Glazier noted in a Variety op-ed that the problem worsens as more sites sell infringing "NFTs."

Many sites charge high rates for these NFTs, guaranteeing ownership in a unique music recording and frequently incorporating album art or performer images to entice naive fans.

Yet, the issue is not confined to specific music NFT initiatives selling "rights" to songs and album art, but larger NFT marketplaces where third-party vendors can auction NFTs pose a greater concern.

RIAA later sent a takedown notice to NFT marketplace OpenSea, requesting that the platform remove several listings for ENS Domains, stating that it has no issue with the platform's service but takes offense when third parties sell domains with RIAA branding and the titles of its members and executives.

The RIAA's takedown notification to OpenSea included 51 ENS Domain name auctions, including RIAA-dot-eth, republic-records-dot-eth, sony-music-dot-eth, and so on. Many dot-eth domains registered after music business executives were also decommissioned.

The RIAA was dissatisfied with the ens auctions and filed a request to have them withdrawn. The group alerted OpenSea that they were infringing on the rights of the RIAA and its representatives.

It asserted that the ENS Domain names infringe on the RIAA's or its members' trademarks, producing distortion, misunderstanding, or trademark dilution of these trademarks and that the sale of these ENS Domain names is likewise unlawful under the Lanham Act.

According to RIAA and its investigation against OpenSea for selling trademark-infringing ENS Domains, the sale of ENS Domain names, including the names of executives at RIAA or our affiliated companies, violated the AntiCybersquatting Consumer Protection Act.

However, OpenSea seems to have agreed with the request because all listings were withdrawn, and the auction URLs now go to a delisting message instead of a domain auction.

The RIAA undoubtedly has justification for taking any action against trademark infringements. Not all domains are problematic, as other names have already been coined that no longer have the option of purchasing these domain names.

In such a circumstance, once the ENS domain is registered, no one can tamper with it unless there is unlawful usage or illegal branding of the name. The RIAA's move coincided with LimeWire's PR effort, which was then introduced as an NFT marketplace.

The RIAA previously shut down LimeWire after being prosecuted for copyright infringement, indicating that copyright issues are a serious problem in the decentralized space. Hence, let us delve deeper into the legal terms associated with ENS Domains.

Enforcing Rights on ENS Domains

The blockchain community's autonomous, decentralized, and uncontrolled character has yet to mature and is currently in an advanced stage before settling on a stable definition. However, several legal difficulties must be addressed for the industry before it can be declared complete.

This includes a remedy to prevent third parties from owning and utilizing ENS Domain names that reflect the trademarks or names of another party. This may reveal a less-than-decentralized path, but as no rules or descriptions are deciding the concept, we must simply follow the pre-established law.

None of the NFT domain naming services ever provide means for a copyright owner to complain to a third-party registration or ownership of domains that infringe on copyrights or other intellectual property rights.

This means that after an NFT Domain name service has transferred a blockchain domain name to a 3rd person, the legitimate owner has no recourse for suing the naming service or removing the specific NFT Domain.

These services are not managed by ICANN and do not include any kind of dispute resolution. Some NFT Domain naming businesses have added names and marks recognized as well-known by the organization with a hold or unavailable mark.

However, reserving naming rights does not fully satisfy the objective of decentralized natures. Enabling permanent ownership of domain name services then becomes similar to ENS Domains and their contract renewals, so the argument should end here.

These systems rely on their name services' determination of which phrases warrant protection. There appears to be no way for a rights owner to petition that its name or mark be safeguarded from use in NFT Domain names not being sold to third parties via "reserved list" or elsewhere.

The rights holder can strive to be the first to mint and purchase ENS Domain names representing its marks or names, but registering all such domains and associated variations would be costly and nearly impossible.

There are numerous obstacles to launching a lawsuit to prohibit illegitimate ownership or use of ENS Domain names, and the owner of a domain name is unlikely to reveal its identity. As a result, determining the identity of any owner becomes impossible.

This creates difficulties in defining the right party, sovereignty, and location for anti-cybersquatting or other legal claims. And hence, NFT exchanges and marketplaces are unlikely to willingly disclose ENS Domain name ownership or transfer information.

Legal options for compelling the exchange for revealing details are limited and costly, particularly when many organizations are decentralized and not based in the United States.

The exchange or marketplace may not even have helpful information about the owner of the ENS Domain name because of the characteristics of blockchain technology and the ability to hide any individual's identity online.

Forensic investigations attempting to find out the identity of an ENS Domain owner based on crypto wallet data and other online behavior can be prohibitively expensive, with no certainty that the research will eventually identify the owner, but it is conceivable.

In some cases where there is no personal jurisdiction over the defendant who owns the domain name, the Lanham Act's Anti-Cybersquatting Consumer Protection Act ACCPA permits in rem jurisdiction over domain names themselves.

Nevertheless, this is only permissible in judicial regions where the registrant or the other domain name registry or body that granted the domain name is situated. To the extent that blockchain naming firms have a recognizable legal entity, the majority are not located in the United States and do not use centrally centralized servers.

Furthermore, even if a rights owner successfully obtains a court order that an infringing ENS Domain is transferred to the real right owner, name distributors cannot transfer ownership after the initial distribution. There is currently no system within the ENS Domain standards to compel the owner of a name to transfer ownership of the name.

However, in an "in rem" lawsuit under the ACPA, a brand owner can request a court order on the ENS server to disconnect the link from an infringement domain name to a blockchain or destroy the NFT, which would effectively deprive the domain name of its functionality in the first place.

Given the limited and costly methods for compelling the allocation or suspension of an infringing ENS Domain name, rights holders should seek alternative strategies to reduce consumer confusion and devalue infringing domains.

To prevent the sale of infringing names, rights holders should consider using the takedown processes provided by various NFT markets. Like traditional cybersquatting, most illegitimate names incorporating third-party trademarks or names appear to have been generated or bought for investment purposes.

The owners think that some future usage or sale of the ENS domain will prove beneficial. In general, OpenSea is the easiest place to sell NFTs. As detailed above, the platform has protocols for removing things from the marketplace in response to takedown notices from intellectual property owners.

Marketplaces like this are not the only way to sell NFTs; they provide access to the greatest pool of possible buyers. Domains are also NFTs, although they are more utility-driven.

These takedown methods may not result in the allocation of the infringing domain to the rightful owner, but eliminating the infringing domain names from sale on these big marketplaces may reduce the resale value.

At the very least, OpenSea guarantees that it will convey the notice of intellectual property infringement, including contact information, to the party whose content will be withdrawn so that they know why it is no longer accessible on OpenSea and can also engage for resolving any disputes.

In such rare cases, this can lead to the domain name's owner exposing its identity to the copyright holder, possibly to sell the ENS Domain. Rights holders should also consider obtaining a name similar to their major marks or names.

As previously stated, certain words that define well-known names are always reserved for purchase by the legitimate owner for a limited time. Rights holders should also educate the public through campaigns about any official NFT name linked with the brand and warn against every NFT name that is not connected with the rights holder.

Such public outreach will safeguard consumers from misunderstanding and deception, and devaluing the infringing ENS Domain name would be a far better choice than going through the difficult part.

Rights holders should also consider pooling funds and lobbying lawmakers and other interested parties in the internet and blockchain communities to advocate for the development of trademark owner safeguards in the ENS environment, such as the necessity for expressing transparency regarding the authenticity of the owners of ENS Domain names, as well as dispute settlement proceedings and other remedies.

Unfortunately, since blockchain is decentralized, no single organization or set of institutions governs the regulations and implies the law, making effective laws and regulations governing blockchain activities impossible to adopt.

The potential danger of governments outlawing specific blockchain activities through limitations on mining or exchanges and the desire within blockchain groups to obtain market legitimacy may put some economic pressure on prominent parties in the blockchain system.

Since there isn't a specific rule governing these issues, these tactics can undoubtedly aid in protecting important intellectual property in the decentralized domain space.

Even Microsoft, already scarred by the Microsoft dot-com catastrophe, stepped in, issuing an annual "digital defense report" warning ENS Domains against giving TLDs and other domain name efforts.

The user with complete rights owns ENS Domains until it is located in the user's wallet and the user is paying annual charges for it; once it is released back to ENS Domains, it can either be burned or booked, and ENS retains ownership; however, if it goes to some user's wallet, ENS can do nothing but wait for the user to not pay the annual fee.

Practitioners are concerned that Web3 would cause endless ambiguity in the origin and provenance of products and services. Just as the critics and chicken littles of the 1990s were mistaken about Web2, critics were also wrong about the world ending as we gradually move towards widespread Web3 adoption.

Web3 will not be perfect, but the benefits, even for businesses and brands, will undoubtedly outweigh the drawbacks. Why do already squatted brands need to move quickly and aggressively to secure these domains?

Considering everything we've addressed is about decentralization, how can a brand compel a domain transfer to the company-controlled ETH wallet?

In contrast to Web2 domain names, web3 domains are considerably more than simply pointing the DNS to a website or email server.

ENS Domains are NFTs assigned to any decentralized service, including decentralized websites, NFTs, digital properties, and cryptocurrency wallets. When the token owner of any ENS Domain requests a crypto payment, they provide the payor with the name of their ENS Domain.

Any cryptocurrency delivered to the branded address goes directly into the associated token owner's wallet. As you can see, the situation is greater than web2 domain names and websites because Web3 domains can be mapped to unique 64-character wallet addresses that can also be used to pay and receive cryptocurrency.

Web3 wallets are customized swift codes for the business or a squatter pretending to be a brand and reflecting the brand's bank account routing number. Additionally, by hosting websites and functioning as branded payment providers, ENS Domains can be set up as login identities, avatar names, usernames, etc., on the blockchain ecosystem.

Whoever owns a brand name can open a store in the metaverse and request crypto payments be delivered to the name, establishing the brand image in both the physical and virtual worlds.

Having a brand name can make it simpler for criminals to fool clients into the misunderstanding that the payment request is genuinely coming from a legitimate brand and that they are paying for it.

However, Web3 domains can serve as your NFT marketplace name on OpenSea and your social media handle on both Web2 and Web3.

Your crypto wallet address, associated with your ENS Domain name, can be used to identify all parts of your Web3 presence. That does not imply favoring any of the ENS Domains companies, as these brands own the wallets associated with the names.

Those waiting for Web3 to safeguard their brand will likely make their work much more difficult in the future because every branded ENS Domain has the potential to defraud in ways Web2 domain squatters would never have imagined. Hence, it is better to act yourself than wait for governance to be formed and then wait for action.

Now that you've read this far, the problems we just discussed are advantages for helping you understand the potential impact of ENS Domains on Web3. It's critical to be aware of the infringement possibilities and avoid them unless you're prepared to face the problem and avoid potentially illegal acts.

Web2 critics felt the same way in 1999 and protested loudly, but fear not, Web3 is more promising than the infringement we discussed as you just have to wait for the technology to mature. We have examined the different approaches for brands to protect and secure their trademark before resorting to legal procedures.

We also discussed and agreed that infringement does not immediately apply to ENS domains and that once the domain is handed to a wallet, no one can tamper with the owner's purpose or intent until the owner loses control due to non-payment of subscription rates.

Since we didn't cover how to protect oneself in the decentralized world of Web3, let's look broadly at the enforcement issue for safeguarding one's brand and personal name in the tokenized world.

Instead of seeking assistance from centralized third parties, IP protection in the Web3 world is about four things: forced cooperation, financial strength, pragmatic influence, and legal influence.

Each of these mechanisms, when pushed right, can exert actual force and, in many cases, provide as much chance of domain restoration as Web2's centralized control system. You may be startled to learn what many blockchain professionals already know: don't fall for the hype and clickbait.

Web3 is not a sanctuary for criminals to engage in anonymous criminal activities, at least not any more than Web2. The 42-digit random wallet address is not as anonymous or impenetrable as you may believe.

You may sometimes discover the wallet owner with a little sleuthing on and off the blockchain. Power and influence against stolen squatters can take various shapes if you use them correctly.

There is no threat letter in the metaverse. Still, chat and bots postings among wallet addresses on block explorers, discord channels with most projects, forum communication systems, linked social media accounts, and occasionally searchable emails are possible ways to open a conversation with the squatter.

Notices or threats to the wallet owner who controls the ENS domain can help you achieve your IP protection goals. There are numerous ways to identify a wallet owner, and as noted above, you may need to go to court to obtain subpoena power.

Nonetheless, a reasonable blockchain advocate can typically identify the token squatters and create a line of communication. If the threat/notice chat, posting, or email fails, a john doe lawsuit may be necessary.

You will require experience in alternative service and other procedural regulations that apply to many blockchain litigations. But, unless the squatter wishes to reveal themselves by name freely, an ACPA judgment might expose the cybersquatter to collection, possession, and litigation.

You can pursue their digital content until the end of time on Blockchain. Cybersquatters do cryptocurrency and NFT transfers using cryptocurrency exchanges such as Coinbase or Binance, a common location for conducting crypto transactions via decentralized applications.

These transactions are transparent, verifiable, and recoverable. An ACPA judgment or simply the prospect of being prosecuted for token squatting can stop the cybersquatter from enjoying the finest aspects of blockchain, metaverses, exchanges, and dApps safely.

Establishing trademark protection and an ACPA judgment can be utilized to prevent the squatter from using NFT markets, making it more difficult to sell the infringing ENS Domain name for a profit.

A trademark lawyer specializing in cybersquatting and blockchain technology can develop and evolve enforcement techniques in an ever-changing technology.

Remember that one of the advantages of Web3 is that every transaction is recorded and available to the public for everyone to see, but in the world of Web2, this transparent transaction does not exist at all.

As we covered in the previous segment, it can be costly, but we did end by saying that it is doable and this is how it could be done. This means illicit acts are now transparent and traceable, making technology more open.

If you plan on purchasing a brand's ENS Domain, read this entire chapter twice and be prepared to face the potential consequences (we recommend not breaking laws and instead opting for creating your unique brand, which is simply the right way).

Cybersquatting anywhere has the same consequences, including incarceration or a heavy fine, so it's better to avoid it than to flee. We have highlighted various features for having a better name or building a brand name that can fit an expensive category.

Follow these characteristics to build the right name rather than settling for pre-existing brand names, which will only land you in trouble. ENS Domains are the core for interoperability within the Web3 space, and if there is tranquility preserved, there will also be broad adoption.

It won't be long before the technology is widely embraced if users use it wisely and brands purchase their names ahead of time rather than waiting for somebody else to acquire them and afterward bring a lawsuit.

How to Buy ENS Domains?

We left this section until now because we felt that before explaining how to buy ENS Domains, we felt you should first understand why you should buy ENS Domains.

No two comparable domain names can function simultaneously when domain names are unique. ENS Domains are registered with permanent timestamps, granting users ownership via the NFT process, making each one as unique.

But before we get into how to acquire ENS Domains, make sure you have your cryptocurrency wallet ready for exchanges. Then you'll need some ETH, which you may get by exchanging your fiat currency on centralized exchanges.

As previously stated, the cost of ENS Domains is determined by the length of period and characters required to register the domain, coupled with the current gas price. Now download your crypto wallet if you don't already have one.

For the domain to point to, you need a wallet address, which implies you need a wallet anywhere you travel in the decentralized realm. Make sure to keep your private keys safe and to remember where and how you kept them.

A wallet is required because the final phase for storing the ENS Domain requires your wallet when you transact or exchange. When visiting a wallet's website, use extreme caution because various prime phishing attackers are waiting to take your credentials beforehand.

If the private key is misplaced, it can be used to associate with your wallet and recover or siphon all of its funds, thus storing the private key with precaution. You will now require some ETH to register your domain.

Transfer your ETH to your wallet utilizing your wallet address. After that, launch the ENS app, where you can connect your wallet immediately if there is an in-built wallet extension.

Alternatively, click "connect" in the top-left corner of the screen. This will then request your cryptocurrency wallet to authorize the connection. Follow all the instructions on your wallet, which is now attached to the ENS App.

Now look for an ENS Domain that you want to register. You can look up any random name or one you've memorized. We have a special article ready to help you build the best name with all the attributes you need! (2).

Check to ensure that your preferred name is accessible for registration (if not, you'll have to negotiate directly with the user or wait for the owner to relist it). If it is already registered and for sale, follow the above steps.

If your preferred name has not yet been registered and is still new, the prices are allocated as follows:

• Three-character ENS Domains - $640/year
• Four-character ENS Domains - $160/year
• Five-character or + ENS Domains - $5/year

This registration charge does not include gas prices. Therefore, registering a four-character ENS domain may cost you roughly $300 every year, including gas fees, and will remain the same until you decide not to renew.

The cost of registering an ENS Domain with five characters or more is around $119 each year, including the gas fee, which remains until the user wishes to cancel the subscription or renew the ENS Domain.

The gas fee accounts for most of the cost connected with the shorted domain, which is especially important given Ethereum's attempt to reduce gas fees squarely. Register your ENS Domain and proceed as instructed if everything is in order.

Once completed, the ENS Domain will be transferred to your associated wallet, making it the sole owner (permanent). Previously, registering an ENS Domain was a time-consuming process. It was carried out through an auction, taking five days to register the domain name.

Complete the bids, announce the highest bidder, and so on; the procedure was too lengthy. ENS then published a new version of the registration process, followed by quick live registrations, which simplified things.

For anyone considering purchasing ENS Domains, here are some crucial factors to remember and read:

All the user has to do to register a name is complete two core transactions. The first is consenting to register the name, and the second is officially registering the name. These two transactions must be mined at least one minute apart to avoid front-running.

As previously stated, owning a five-character plus ENS Name is $5/year, and anybody can renew a domain anytime for any term. This also ensures that you can retain ownership of the name for as long as you like.

ENS Domains are NFT tokens, which may be managed, customized, used, transferred, and exchanged using standard NFT tools. Can you get all of the qualities above using standard domains? No. This completes the picture!

Top 5 Ethereum Name Service ENS Domains Categories to help you strike out!

If you are searching for an ENS Domain and are just trying to pick one randomly to avoid falling back on the trend, we urge you to wait and read this first. We have a solution for everyone; for those genuinely looking for a name and have already spent hours pondering, this is just what you need!

There are numerous categories within the ENS DOmains, some based primarily on the number of characters and others on unusual and distinctive numbers. Due to their scarcity, ENS names with four or fewer characters appear to be the most popular.

Domain owners have formed communities based on shared ownership with various individual categories since then. Some of these categories will undoubtedly assist you in acquiring one of the best and top ENS domains, even if you only intend to flip or store them!

10K Club!

The 10k club is well-known, and its members have four-character ENS names ranging from 0000 to 9999. Simply put, this category contains users and ENS Domain owners who want to trade the first 10,000 characters on ENS.

10K Club!

The 10k club is well-known, with some members having four-character ENS names ranging from 0000 to 9999. This category contains individuals and ENS Domain owners interested in exchanging the first 10,000 characters on ENS.

Ethmoji 99 Club!

It is one of the most common ENS categories, with members having two-character ENS names from 0-99. It is also a limited and rare category that contains unique users and associated ENS Domains.

999 Club!

The 999 Club, like the 10k Club, refers to a more limited and elite variant of the 10k Club. It consists of all ENS Domains ranging from 0-999, which are unusual to extremely rare and expensive, with an exclusive club.

Single Ethmoji!

The single Ethmoji names are those in which there is just one "Ethmoji" (emoji on ETH) and the popularity of such names is more focused on geographic and pictographic language storing contents.

3-Letters!

Given the fixed supply asset with a genuinely utility-based use case, three-letter ENS Domains are slowly becoming scarce and extremely expensive.

Having one of these ENS Domains in any category might help your domain stand out in the market and earn you a lot of money when you flip it. Not to mention that such ENS domains have a potential value on the illicit market.

These names reflect luck and goodness in some cultures, not just unusual characters or numbers. While some figures reveal specific intents, making them scarce.

Having a limited number of characters also emphasizes the rarity of these names, which is not achievable with five or more five. These names serve similar functions, with the only difference being the rarity of the characters, which makes them unusual.

Some users compare the commotion to the early domain era when a domain name for a private jet costs more than the plane itself! In the beginning, some customers purchased simple, word, alphabetical, and numerical words, which are now in the millions.

Why are they racing for millions of dollars? It is because of its simplicity that users can recall the name. However, the process for ENS Domains is slightly different. Any name can be purchased, but not indefinitely, as one must designate the period for ownership and pay the equivalent amount of ETH.

As an ENS Domain is an NFT with ERC-721 protocols, ENS Names can be renewed and exchanged and are not obliged to be given to only wallet. It can be used for anything, as we have already discussed all the applications!

ENS Subdomains

Now that you know how to acquire an ENS domain and register it effortlessly, it's time to educate you about another feature that comes with it: ENS Subdomains. Subdomains in ENS are equivalent to DNS subdomains.

It also gives customers a more organized sense, with the domain representing the parent firm or organization and the subdomain resembling the architecture of email addresses or other subsidiaries. A subdomain can be used as your login while accessing Ethereum Dapps.

Consider the following scenario: you have been using a Dapp for some time. It would be ideal if you could continue playing the game using the same login on the laptop or other devices, right? Although both devices use distinct key pairs, this is the way it works while you're on the go:

Sign up for the Dapp using your subdomain name, and it will ask you to sign a message to prove you own the matching private key. It then verifies your identity by querying your personal wallet's smart contract.

Everything that occurs in the decentralized space is routed through your wallet. The login indicated by the ENS subdomain points to your wallet address, where the subdomain is stored.

This has the added benefit of allowing you to continue playing even if you lose the device. However, be careful not to lose access to your wallet, as it only recognizes your wallet and not your device or system.

Subdomains work the same way as domains, mapping names to addresses. However, you do not have to go through an auction to create one. There is no minimum length for ENS subdomains, so you can have as many as you like.

To register a subdomain, you must first be the domain owner. You must use the ENS registry smart contract to use "setsubnodeowner" to create or update a subdomain. Once completed, the same rationale applies to domains:

• The owner must be the resolver.
• The owner must specify the target address.

You might also use "enssubdomainfactory.sol" to automate the process, which allows anyone to create a subdomain with a single blockchain action. However, now that you understand everything there is to know about subdomains let's explore for ENS App where they will be typically involved.

Subdomains provide greater development freedom on top of any ENS Domain. This is a simple task to complete if you are a firm looking for difficulties with personal or company-based subdomains.

We'll show you how to build subdomains on a name you control and some weird and unusual ways to allow users to buy subdomains on a domain you own. If you possess an ENS Domain, the simplest way to create a subdomain is via ENS App.

Open the ENS app and browse the "subdomain" option to create new subdomains. Subdomains function similarly to domains in that the owner controls them and can configure all of the records.

This also implies that any subdomain can resolve to an address and an IPFS website. This means that anyone can claim a subdomain on any ENS Domain. Everything we've discussed thus far is under the jurisdiction of the registrant of the ENS Domain.

They are the ones who create the subdomains and have complete control over them. This also includes the ability to revoke them. This is a good investment for a corporation or individual who wants to control the subdomain.

This also eliminates sharing any wallet or private ENS Domain data. All you have to do is create a subdomain and share it with the user, who can then utilize it following the company regulations defined by the registrant.

But what if you would like to sell your subdomain to everyone or monetize your subdomains and allow any user to get their hands on decentralized technology for free or for a purpose?

You certainly do not want to administer, and once sold, you want to monetize it to cover domain renewal expenses and make a profit. Whatever your objective, there is a solution and a means for you to start establishing subdomains on your domain!

You can choose a price based on your convenience and how you want to sell the subdomain names. To do so, you must first hand over ownership of the domain to the ENS Subdomain Registrar contract.

This means that the contract can now transfer subdomains to users but cannot withdraw access to those subdomains assigned to others. All the steps are manual, so please bear with us.

Please keep in mind that doing so will result in the permanent loss of your domain's ownership. You will then be able to collect registration fees, adjust prices, and transfer control to another user, but you will never be allowed to use the name for anything else!

Step 1: First, get the ENS Domain registrar contract. For those using Etherscan, click "connect to wallet" and then approve the wallet's subsequent dialog box.

Step 2: Follow the instructions and search for the "approve" button. Once clicked, put your "address" in the address field.

Step 3: Locate the "token ID" section and enter the ENS Name's label hash. You may find the label hash by searching your ENS name on Etherscan and looking for the "label hash" tool.

Step 4: Finally, submit the transaction and open the new subdomain registrar contract, looking for the "configure domain" button. Enter the name you want to list in the name area without the ".eth" (for example, "quik" rather than "quik.eth").

Step 5: In the price section, specify the price for invoicing over a new domain in "wei," where 1 ETH = 1,000,000,000,000,000,000 and 1 WEI = 0.000000000000000001. There is no need to do math because numerous converters are accessible on the market.

Step 6: In the "referral fee PPM" box, enter the amount you want to pay to any website that finds you a new user (commission). To keep the entire amount to yourself, type "0," and if you wish to obtain the full amount, enter the "entire amount."

Step 7: Submit the transaction, and your domain will be transferred to the subdomain registrar contract!

If you have specified a price, any attempts to register one of your subdomains will result in the payments being transferred to the original owner's address (you). This has developed multiple opportunities for passive income generation and monetization of domains and subdomains.

How to list subdomains on ENS Now?

The ENS team has prepared everything for you by launching and developing a specialized website for claiming subdomains. If you want to list subdomains, here's how to do so quickly and easily!

1. Launch this website (3), navigate the fork in the upper right corner, and sign up with your credentials.
2. Navigate the app to "js" and open "domains.json."
3. Click the pencil symbol at the upper right corner of the file to search for a spot to insert your entry, which is listed alphabetically.
4. Insert a new line with your entry. Commit all the changes and click the "commit changes" button at the bottom of the page.
5. Simply click on "pull requests," then "new pull request," and finally, "create a pull request."

ENSNow is a better and easier solution. However, the list of domains supported is pretty broad, and you cannot precisely brand your name. So, if you still want to build up a website that merely lists your domain and allows you to customize it, that is still possible.

Then go to the same link as before and visit the Subdomain Registrar Github site. You will then locate the "getting started" section, which will help you through the process, but now that we have explored everything together, we will try to summarize the stages for you:

1. You will need to install node.js and NPM first, then use NPM to install "truffle" on your computer.
2. Now, download and run Ganache, clone the subdomain-registrar repository on your PC, navigate to the folder where you cloned it in the terminal and execute NPM install.
3. Locate the /app/js/domains.json file and add your subdomain to the allowlist. After that, modify the "index.html" file to reflect the design of your website.
4. Change to the directory wherein you cloned the subdomain registrar & ran ganache-CLI & truffle deployment, and NPM run dev in the terminal.
5. If everything appears in order, run NPM and build, and a build folder containing the output files should be produced. This site will be uploaded to a web server or IPFS.

For IPFS hosting, upload the entire build folder and retrieve the content hash. Once retrieved, upload this content hash to the ENS Domain or subdomain's "records" area. Ugh! (done)  Congratulations on becoming an expert in ENS.

Now you may claim your funded (.eth) subdomain and link it to your Ethereum address. Each subdomain retains its distinctiveness; after registration, the domain is completely within your control at no cost. There is a lower cost, so be careful not to get spammed.

What is ENS Reverse Record?

ENS reverse records are the polar opposite of all other records since they allow viewers to look for human-readable addresses using the complicated hexadecimal address.

Normally, the Ethereum network, like all blockchains, assigns unique numeric identifiers to all user accounts and enables users to search for their hexadecimal address through human-readable integers.

Some significant applications for ENS reverse lookups include a more friendly depiction of individual users in governance voting, NFT artist names, and automatic information extraction via dApps.

Reverse ENS records increase the value of account depiction by making ENS Domain names available across various services. Marketplaces collect data from an NFT's contract address to display possible buyers, correct?

As a result, wallet addresses of the artists with reverse ENS records display their ENS Domain name instead of their contract address, rendering it even nicer and more human-accessible. Reverse records make it easier for users to identify their accounts, verify ownership of accounts, and enable new ways to show metadata linked with the account.

How to create reverse ENS records:

Before you can set a reverse record, you must first register an ENS Domain, which is clear, but let's pretend such a registration currently exists. The wallet is linked to the ENS Domain services that contain the password to the correct address with that domain.

Now go to the official ENS App website, app.ens.domains dApp, and register your wallet. We'll be doing so with the MetaMask wallet, but don't worry. All other wallets and browsers will work just fine.

Once the connection request is performed, users will be prompted to connect their accounts based on the wallet service. Individuals with numerous accounts can log in to the ENS service using one or more.

On the other hand, connecting several accounts to the ENS service may add complexity, and we recommend removing all accounts other than the one linked with the ENS record if you plan to update.

After selecting the proper account, MetaMask will display a secondary popup asking you to approve the connection request. After clicking the "sign transaction" button, the connection will be confirmed by the associated wallet address or ENS Domain.

Once connected, navigate to the "my account" tab on the left side of the dApp and select the primary ENS Name (reverse record) settings panel from the topmost pane in the right-hand side display.

To set the reverse ENS record for one's account address to an ENS domain, click the drop box, choose the relevant ENS Domain, and click the blue SAVE button to activate the changes.

When you click the SAVE button, you will be asked to confirm the transaction by whoever wallet service is linked to the ENS dApp. The Metamask will present you with a transaction approval window, which includes transaction information and an estimate of gas fees.

Now, click the approve button to transmit the transaction to the network, and the update may take some time to process because the Ethereum network must verify it. Wallets should normally notify users whenever a transaction is completed. However, this is not always the case, so keep checking in.

To confirm the inclusion of a reverse ENS query if it has been correctly established, use the Ethereum reverse name lookup tool, where you can simply enter the ENS domain to view the details of the linked account address if the record has been successfully established.

The ENS service aims to enable much more than just human-readable connected names to wallet addresses. Users can connect non-Ethereum wallet addresses, social network accounts, avatars, or even host IPFS-based static websites with the ENS service.

The applications of ENS domains are continually expanding and will most likely allow for more complicated applications as developers continue to improve the underlying technology. ENS reverse records are one such development that allows users to have their ENS name more approachable across dApps.

This facilitates the transmission of pertinent information and a more identifiable depiction of wallet addresses to recipients and senders of cryptocurrencies or NFTs in their various forms.

Is it possible to release ENS Domain and get ETH back?

Yes, of course, you can release the ENS domain anytime. However, you may have to wait for your domain to be a year old before getting your ETH back. Only then can you release the ENS domain and recover your ETH.

If you wish to keep using the ENS Domain, you don't need to do anything right now and only learn how to renew it, and we've covered everything about renewals above. Therefore, let's talk about how to release the ENS Domain, which is essential for people trying to reclaim their ETH for a domain they no longer want to hold.

To do so, go to MyCrypto's contract tab or just click this link https://www.mycrypto.com/#contracts. Choose "ENS: ETH Registrar (auction)" under. "Choose an existing contract."

Choose "release deed" under the "select a function" option after clicking "access." Now go to https://etherscan.io/, input the ENS domain name in the search box, and copy the "label hash" value to the "_hash" field in the Mycrypto interface.

Under MyCrypto, verify your Ethereum account and select "write." Now, double-check the gas pricing information and enter the value for the present ETH network congestion, then leave the "value" field empty or set it to "0" and click the "write" button.

Double-check your gas details and click the "sign the transaction" button. The raw and signed transactions will be displayed once you click on them. Ensure the raw transaction contains the correct data before clicking "send transaction."

Once this transaction is completed, you can release your ENS Name. The funds you initially paid for the ENS domain will be refunded to the designated address you used at the time of deposit.

But what if you simply don't recall the ENS Domain you wish to get a refund of? Ugh! Don't be concerned; just go to the ENS Manager and log in using MetaMask or the Web3 browser using the Ethereum account which owns your name.

Now, at the top of the screen, click "my name" to view every one of the names registered by the account.

How to set ENS Domains as your regular payment gateway?

Want to make your payment quick, easy, and convenient? Connect your ENS Domain to your wallet and start to receive payments with a human-readable name rather than sharing or copying/pasting your complex Ethereum address.

• Open app.ens.Connect domains to the wallet containing the ENS Domains and then choose the "details" option in the app.
• Now enter the address you want your domain name to point to; you can enter your ETH or BTC address, whichever you want.
• Once you've finished entering the address, click "save."
• Your Ethereum wallet will now prompt you to confirm the transaction, and after it has been recorded on the blockchain, you are good to go.

Users can now start sending all cryptocurrencies linked with their domain by entering the ENS domain name in the transfer section of any wallet that supports ENS rather than the cumbersome form of cryptocurrency addresses.

ENS App

The ENS app is a front-end website allowing users to connect with the network back end. The website can be visited using an Ethereum-enabled browser or implementing crypto wallet plugins.

The read and write operations are made immediately within the Ethereum Blockchain rather than a specific backend with a server and database. The JSON RPC protocol is used for the operations.

But there is also a library for encapsulating the requests in a developer-friendly manner. Multiple variants exist in various programming languages, but it is all up to you. Because of its exceptional UI, the ENS app is simple to use and understand.

Sell, Trade, & Exchange ENS Domains

ENS Domains can be sold, traded, and exchanged as NFTs can, and you can also establish and swap multiple subdomains. But before we get too far into this process, let's first grasp the ENS contract and how it works!

The ENS contract implements the permanent registrar's basic functionality, obtaining the following features:

• The owner of the register has the authority to add and remove controllers.
• These controllers can then register new domains and extend the expiration or renew any existing domains in the registry.
• The controllers cannot update or alter the ownership of the domains, nor can they lessen the expiration time.
• ENS Domain name owners can freely transfer their ownership rights to another address.
• Owners of ENS Domain Names can also reclaim ownership of the domain inside the ENS registry if they lose it in any way (requires wallet).
• Owners of ENS Domains registered with the traditional registrar may transfer them to the new registrar during the transition period of one year. In addition, the entire deposit is returned to the owner.

For simplicity, functionality is restricted to the registrant owner, or control is excluded. The controller handles all registrations and renewals. Every name registered in ENS has an owner.

The proprietor of a name can transmit the rights and ownership of the name to another owner, create a resolver, and allow reassignment and creation of subdomains. To make things easier, everything is consolidated in the ENS registry.

All name allocations are handled directly under (.eth), regulated by the (.eth) permeant registrar. When you purchase a name from the registrar, you gain ownership of the ENS, and the registration is tracked independently.

The (.eth) permanent registrar is the only one with the concept of a registrant or registered owner. The name registrant can migrate registration to another account and recover the name's possession by dialing "reclaim."

This transfers ownership of the ENS Domain to the account of the registrar. By isolating the notion of owning a name from the concept of owning a registration, you can construct systems that perform automated updates to ENS.

The registrant can transfer ownership of the ENS Domain to some other account or a smart contract, which will then manage all the records, subdomains, and so on while remaining able to regain ownership for updates or in the event of a compromise.

When contemplating domain ownership, it is critical to understand if you are evaluating ownership of the name or just registration.

How to check the value of an ENS Domain?

It is a simple task to determine the worth of an ENS domain, and reading this is beneficial for individuals who are ready to list their ENS domain on marketplaces!

1. In the browser, open any marketplace.
2. Launch the window by searching for ENS.
3. Check the value of a similar domain to the ENS domain you want to buy. If you come across a similar value bid for a similar name, you may calculate how much it holds for character-long domains.

Now is the time to examine your domain name's words, numbers, and other elements and determine whether you believe they can attract users. Filter through all similar domains and compare costs.

Also, check to see if any overly similar names could result in a loss of market demand. You may learn about how we can help you develop a robust and top-category domain name in our previous article here!

Top 10 Most Expensive ENS Domains Ever!!!

(Paradign.eth) was the most expensive ENS Domain ever sold for 420 ETH (converting ETH to USD: $525,010). It also culminated in more breakthrough sales, with registration activity picking up faster than expected.

All of the websites we are now browsing are identified by a unique IP address, which is also a sequence of six numbers separated by periods. It works similarly to blockchain addresses, with 0x followed by 40 alphanumeric sequences.

However, as previously said, not everyone can recall random characters; it is undoubtedly non-human. It is easy to remember a website with a short and easy-to-remember name.

As a result, the domain name system was created so that we could directly look for the name without complicating things and making the internet just for developers. Domains make it possible for even average users to visit it.

There is a reason why certain domains are sold for millions of dollars to establish a brand. When pricing a name, factors such as how memorable it is, how convenient it is for representing any business or product, and how digitally accessible it is to attract an audience are evaluated.

ENS, like the Domain Name Service, tackles a key problem by allowing parties to exchange information using human-readable names and add value through all these branded domain names.

The full potential of ENS domains and their possibilities has yet to be realized. Still, as we have always stated, this is not financial advice but something we encourage you to try and evaluate before concluding!

The ten most expensive ENS Domains ever sold:

#1 paradigm.eth: ENS 134097 | ENS to USD: $1,488,480

#2 000.eth: ENS 28998 | ENS to USD: $321,885

#3 deepak.eth: ENS 20,251 | ENS to USD: $224,788

#4 porno.eth: ENS 18212 | ENS to USD: $202,162

#5 555.eth: ENS 14682 | ENS to USD: $162,975

#6 opensea.eth: ENS 14,679 | ENS to USD: $162,938

#7  ❤‍🔥.eth: ENS 14393 | ENS to USD: $159,772

#8 stop-doing-fake-bids-its-honestly-lame-my-guy.eth: ENS 14141 | ENS to USD: $156,973

#9 005.eth: ENS 12375 | ENS to USD: $137,364

#10 000.eth: ENS 10197 | ENS to USD: $113,196

The above list was sold on OpenSea for USD amounts, and we converted it to ENS token to show you how it compares to the original currency and at the current rate. The ENS Domain on the 10th rank was purchased only to display the Eastern Arabic numeral, which signifies a 0.

These sales could potentially have been "wash" sales. The eighth most expensive transaction was something you might not have expected, but it did happen! It was sold for 100 wETH by mistake since the original domain owner sold the name without understanding he still had a 100 ETH bid on his name!

How to sell ENS Domains on Opensea: A step-by-step guide!

Now that we've covered the fundamentals of ENS Domains and the characteristics that will get you a better offer, it's time to practically list your ENS for sale on a well-known marketplace Opensea!

Here's how to sell your ENS Domain on Opensea:

The first step is registering your ENS Domain using a wallet. Let's utilize MetaMask (the most popular wallet) today and connect it to Opensea. To do so, launch Opensea and click on the wallet symbol prominently displayed in the top right corner.

Connect your wallet and validate your login into your ENS Domain account. Now, in the top right bar, click the "profile" button; here, you can see your entire collection of NFTs and ENS Domains.

• Once your account is synchronized and your ENS Domain is displayed, click on it and simply select the "sell" option to list it on Opensea.
• You now have two options: sell it at a fixed price or sell it in a timed auction wherein the highest bidder wins the race and purchases the ENS Domain.
• Remember that, for a timed auction, select wisely the period and starting price for users to shoot their bid according to the ENS traits we have described previously.
• Once you have selected the appropriate price for a Fixed Price Sale or Time Auction Sale, click "complete listing." Your ENS Domain will then be available on Opensea.

Once you have completed all of the steps and posted your ENS for sale, simply wait for the auction to end or for a user to pay the predetermined price you are selling your ENS Domain for, and your ENS will be sold eventually.

Individuals selling on Opensea for the first time must pay two transaction gas fees to establish the account. Each sale must also pay a gas price for accepting bids; the fee may vary depending on the transaction.

Those who want to sell specifically to a dedicated buyer can "reserve" the ENS Domain to be acquired directly by a specific buyer. Opensea works as a kind of secure marketplace and trust account, which will then be purchased by the user assigned to it anytime.

What is ENS Token?

Ethereum Name Service ENS is an open-source service that already belongs to the community. The operation of ENS is highly decentralized and self-managed. However, the team makes some decisions so that the project can advance in a few stages according to the developments!

ENS: When they thought the ENS and DAO sector had grown sufficiently, with more people engaging with the technology, it was time to transfer ENS Governance over to the community via the development of DAO and $ENS Governance Token!

To be more clear and straightforward, the ENS team transferred control of the current and future cash flow from the registrar contract that was previously in command of the registration mechanism for the ENS Domains to the ENS DAO Governance.

The ENS team encourages all ENS token holders to delegate to one of the community leaders by implementing an election process in which everyone is invited to vote independently.

ENS: They investigated the governance of Gitcoin and delegated the model to begin as ENS DAO for representing the needs of members who cannot personally find and vote on every proposal.

Those who want to be an active member of the ENS ecosystem or who want to participate in all ENS events in the future can easily and quickly apply to become a delegate using ENS Token. Let's investigate token adaptability now that we've learned some history!

The protocol's governance token, the ENS Token, has a cap of 100M ENS, of which about 20% is in circulation. Holders of ENS Tokens are awarded voting rights, which influence the direction of all opinions, features, services, and events within the community.

The drafting of an ENS Constitution was one of the most successful and largest collaborations among ENS token holders. The constitution commits to not infringing on the owners' ability to name, extend, transfer, or withhold ENS Domains to create confidence in ENS Domain users and to be users.

Token holders can propose customized and derived ideas or modifications to the constitution. However, to be considered a voting candidate, they must receive 100,000 votes.

This is similar to how governments set thresholds for referendums, where signatures must first be collected before voting. Holders of ENS Tokens can also vote on allocating funds for initiatives connected to web3 or any dapps, hierarchies, etc.

The ENS Foundation legally represents DAO in the off-chain world. Half of the 100 million ENS in circulation are allocated to the community, with the remaining quarter going to ENS development sponsors.

Users who registered for ENS Domains by October 31, 2021, received the final quarter. The ENS token hit its peak price of $85.69 in November 2021.

Current ENS To USD Price: 11.78$

ENS Tokens or ENS Crypto is available on every major centralized exchange, including Binance, OKX, and others. It is also accessible in liquidity pools on the most popular and largest decentralized exchanges, such as Uniswap, SushiSwap, and others.

ENS Airdrop

It all started on November 8, when the ENS token distribution began via ENS Airdrop. Those previously owning ENS Domains could claim ENS tokens on their website until May 4, 2022. Unclaimed tokens were allegedly put into the communal treasury.

As previously stated, the overall quantity of ENS was 100 million, with 25% of the tokens allocated to early users. Every wallet received a different quantity of ENS based on the length of their ENS Domains, the expiry date, and other criteria.

Around 137,689 wallets were qualified for the ENS Airdrop, with over 41,621 claiming their tokens, representing approximately 30%. More than 8 million ENS tokens were registered, representing roughly USD 320 million then.

Some competitors criticized the distribution mechanism for not rewarding users early or with relevant domain names. However, it was helpful for those who registered their domains early and for a long time.

It should also be highlighted that the ENS airdrop for domains is tough. Why? The 25% intended for contributors will be given to 100 individuals and organizations who have made important contributions to ENS over the last four years, including True Names LTD's core staff, external contributors, interpreters, root key holders, and so on.

The token allocated to key contributors and launch advisors had a four-year lock-up period and a vesting schedule. Why weren't tokens distributed to investors? Because there are no investors!

A significant amount of the contributor allocations were also set aside for the more than 450 active members of the ENS Discord community. The DAO received the balance of 50% of the $ENS tokens.

Approximately 10% of the total allocation was made accessible to the DAO upon launch, with the rest released over four years. This is in conjunction with the ENS treasury funds raised through ENS Domain Name registrations received by the DAO from the ENS root.

The DAO is also encouraged to allocate tokens to community-focused projects that assist in the creation and growth of ENS, such as grants, meetups, etc.

ENS Price Prediction!

The ENS token was released in November 2021 with an ENS airdrop to commemorate the occasion. Users with an ENS wallet address were qualified to get a fraction of the free tokens.

After going live at $33.68 on November 9, 2021, it skyrocketed to its all-time peak within two days. The community was then presented with two protocols for transferring funds from a multi-signature wallet to the DAO and launching another airdrop.

On November 22, ENS was listed on Coinbase Japan, and by the end of the month, it had reached an all-time high of $83.54. ENS fell from such a high as the bear market spat it and fluctuated around $40 at the same rate.

It gained traction marginally in December after Vitalik addressed it during a live event. So far, it has been Ethereum that has allowed ENS to reach such a large audience. However, by early January 2022, ENS had fallen below its launch price, and despite a rebound on May 1, when it crossed one million registered domains, the declining trend continued.

On June 14, 2022, the ENS crypto reached an all-time low of $7.40. It began to rebound from this low in July 2022, when ENS experienced a 216% increase in domain registrations, with the upward trend continuing to surpass the two million registration threshold.

ENS was wobbling in October following a successful month in which quarterly registrations and renewals reached a record of 437,000 addresses. The address surge was then accompanied by support from Coinbase's wallet extensions.

Several customers could replace their primary Coinbase wallet addresses with more customized and distinctive ENS Domains. While on November 30, 2022, ENS was valued at $13.82, higher by 6% but down 17% over the preceding month due to the larger crypto meltdown.

ENS DAO also recently elected a new treasury manager. The ENS holders then chose Karpatkey decentralized finance management DAO to manage its funds.

"The Endowment's purpose is to ensure the long-term stability of ENS so that it can pay all of its ongoing financial responsibilities even in the face of decreasing ETH price and other factors," according to the explanation of the votes.

Around 1.8 million votes were cast for the fund management organization, with Alex Van De Sande and Karpatkey contributing to the total. Forecasters agreed that ENS would be able to maintain its recent surge following the voting!

According to PricePrediction, the maximum price for the present start of 2023 is $16.20, and the ethereum name service price prediction for 2023 might average $45.15 by the end of the year. Similarly, the ENS price for racing is expected to be $306.73 by December 2030.

According to TechNewsLeaders, the ethereum name service price prediction for 2023 indicates that it may reach a high of $31.14 in a year and that the ENS price could reach a maximum of $446.89 by 2030.

According to AMB Crypto, the ENS crypto price is predicted to surpass $50 in 2026. Also, by 2030, the ethereum name service price is expected to exceed $150 before rising to $342.34 by 2033.

According to Wallet Investors, the ENS crypto price prediction indicates a poor investment. However, it anticipates gains and states that the ENS price prediction will reach $14.12 in a year.

When evaluating ENS coin price predictions, it is always important to remember that the cryptocurrency market is extremely unpredictable, which makes it difficult to precisely predict what a coin or token's price will be in a few moments and even more difficult to estimate long-term estimates.

This is to inform you that experts and algorithm-based predictors may sometimes guess incorrectly because their analysis is based on the current market flow. We recommend conducting your research if you contemplate investing in the ENS cryptocurrency.

Consider the most recent market trends, news analysis, technical and fundamental analysis, and expert opinion before deciding. Remember that past success is no guarantee of future results, and never trade with funds you can't afford to lose.

When the ENS token reached its all-time high in November 2021, it became an impossible scenario owing to the current bad market and huge exchange crashes, leading to the worst crypto cases.

As previously stated, the ENS Airdropped 25% of the supply to ENS Domain holders, with over 137,000 wallets qualified for the drop. As of May 2022, almost 100,000 addresses had received 19.5 million ENS from ENS airdrop, accounting for 78% of the overall supply.

By early 2027, the entire liquid supply had reached a set and fixed amount of 100 million. The current price of Ethereum Name Service is $11.49 (at the time of writing), with a 24-hour trading activity of $17,145,323.

The price of ENS has dropped -1.9% in the last 24 hours, with a current circulating supply of 26 million ENS coins and a maximum supply of 100000000.0.

Integrating ENS in a dApp

ENS integration in an app includes several key functionalities that can be implemented separately. The thorough integration is important because even basic support can result in a significant advantage and support for the consumers.

We've discussed the three levels of integration. Level 1 is easily accomplished and has a strong influence on users. Levels 2 and 3 provide greater capabilities to users and increase the usability and user experience while dealing with any dApp.

The first and most important step in implementing ENS in any application is to have the application comprehend ENS names and accept them anywhere an address is allowed. Check out resolving names to learn how you can do this.

Remember the ENS name, not the address it presently resolves to, when a user submits an ENS name instead of an address. This makes it simple for users to update their ENS names and have programs that utilize the name instantly resolve to the new location.

Similarly, you would expect the browser to instantly redirect to the new IP Address if some site you visit had its servers updated. If the program interacts with using cash or any other essential resource, you may want to keep track of the address a name resolves to and tell them when it changes to ensure they are aware of the change.

Integrating and embedding ENS names in the application eliminates the need for users to employ a copy/paste method and type out long and complex blockchain addresses, which may result in unexpected and unpleasant mistakes.

The second level of ENS integration entails showing ENS names whenever the app presents all the addresses. If a user submits an ENS in the dApp, you must save the name and display it to them anytime you would typically show the address.

If a user provides an address or the address is received from someplace else, you will still be able to present the ENS name by performing reverse resolution. This allows you to find the official name for an address and show it when possible.

If no official name is provided, your application can revert to presenting the address as it previously did. It would help if you allowed reversing resolution to make it easier for users to identify accounts with which they interact by identifying them with a short human-readable name rather than large alphanumeric sequences.

The final phase in ENS integration is to facilitate and associate ENS names with resources created or controlled by your application. This is divided into two categories:

Registration of Names: You can acquire or register an ENS name for the business and then allow users to register subdomains to provide users with an easy way to name resources created in the dApp.

If the dApp is a crypto wallet, you can make it simple for users to obtain an ENS subdomain, allowing them to give their names to others easily. Understand how to include a registrar in a smart contract; this will help you gain much more knowledge.

Updating Names: Users can attach names they already have to the dApps resources, allowing them to easily update names they possess for pointing at the application's resources.

How to set up an NFT as your ENS Avatar?

Several users who want to add NFTs to their ENS avatars have asked this question. So, here's a step-by-step technique for constructing an avatar record on your ENS profile. It currently only supports ERC-721 and ERC-1155 NFTs on the Ethereum Blockchain.

It should be noted that support via the ENS Manager App is limited and manual. Once you know which NFT protocols are supported, purchase the best and most appropriate one. Improving your ENS profile gives you a better portfolio impression than other users.

Step 1: Buy an ENS Name!

We know that most of you may already have an ENS Name or two in your wallet, but because this is a guide, we must go through each step thoroughly, so please bear with us. If you don't already have an ENS name, you may quickly register one or import your DNS domain name into ENS.

You can create an NFT avatar for any ENS name, no matter how long, short, or anything; make sure your NFT meets the requirements.

Step 2: Check to see if your Primary ENS Record is established!

To ensure that the Primary ENS Name (a reverse record) is established, specify which of your ENS names represents your Ethereum account as your username in dApps. You may do this by going to the ENS App, then my account, and then employing the tool on that page to configure it.

Step 3: Now set your Avatar Record!

Open the ENS App and enter the ENS name to access the records page. Ensure that you connect your wallet that owns the ENS Name. Simply click "add/edit records" now. Scroll down to the "text" section to locate the avatar record.

You can only add an HTTPS link or an IPFS hash to a file, and if you want to add your own NFT, enter it like this: eip155:1/[NFT Standard]:[Contract Address of NFT collection]/[Token ID or the collection number].

You can discover the information in the "details" section of the NFT on any marketplace or where you acquired it. Now, click the blue text of the contract address to be sent to its Etherscan page, where you can copy the contract address.

You can enter all the data in this format: eip155:1/etc721:(address)/ (ID). Make sure that there is no hyphen in the standard token component. Many marketplaces list it as ERC-721, but carefully type it as "erc721."

Also, ensure all letters are lowercase; otherwise, it will not work. This will all be automated in the future, but let's stick to the manual human component while avoiding common blunders (this is why we need ENS Domains - to avoid such mistakes).

Enter everything into the avatar field, scroll down, and click "confirm." You will now be asked to confirm the transaction. Once the blockchain transaction is confirmed, your avatar is complete!

If you submit an NFT that is not yours, it will probably not appear in the dApps, so be cautious. When you reload the page in your ENS app, you should see the ENS name and avatar on the left-hand side.

It may take a few seconds for the NFT avatar to materialize, but it will if you properly follow the abovementioned steps. Now visit any registered marketplace and search for your name, refresh the metadata & after a few minutes, reload the website, and you will see the avatar as your ENS Name background image.

Similarly, go to the Uniswap App and connect your wallet. After a few seconds, your ENS name and avatar should appear. Simply click on your name to see it again. Like Uniswap, you can update your profile on any marketplace and the attached profile box with an NFT to your ENS Name.

Now that you know how to link NFT to an ENS Domain, let's look at another ENS Domain function. This is something that more than half of the public is just intrigued about, waiting to see what potential it has to offer with its blockchain technology.

How to configure ENS Domain?

Despite being based on the Ethereum blockchain, the ENS system enables multi-chain. Let me walk you through a quick and easy method for adding any record to your ENS Domain. The first is how to add it using the UI.

The ENS app lets any ENS Domain owner check and add new records to the domain's records. Assume your ENS Domains already have your Ethereum address associated, and you want to add more.

Open your wallet and navigate the details for managing records, where you will notice specific pre-available spaces for adding addresses and associating data. Click the (+) icon in the records tab, then pick "other addresses."

Enter the address you want to add to your ENS Domain and click "save." The Ethereum wallet will next prompt you to confirm the transaction. Once confirmed and processed, the record will appear on your ENS Domain's website!

A similar procedure can be used to add any address. Your address will be bound to your ENS Domain wherever you go once the transaction is validated and verified. Having addresses associated with your ENS Domain increases your visibility.

It also makes it easy for dApps to combine your data and record a digital reputation and credit score that you carry with your wallet and its linked applications and addresses. The more you improve your wallet, the more trustworthy your portfolio will become!

How to host ENS Domain Name Website?

ENS names can be used for more than simply crypto addresses; this is where the fun begins. In several ways, ENS Domains have indeed exceeded DNS Domains. Users can connect ENS names to content hashes in addition to metadata, such as a Twitter account or a website.

Like an IP address, a content hash is a unique identifier for stored content files. On the other hand, content hashes are determined by the data itself, as opposed to IP addresses, which are based on the place where the content is stored.

Is that evident? It's certainly perplexing, but let's take it one step at a time. We shall now examine why the difference matters when putting up a dwebsite. When it comes to websites, you need a storage space to keep all of your files, right?

This is where IPFS comes in, a distributed system for storing and accessing files, webpages, applications, data, etc. Unlike other centralized hosting services, IPFS is designed for decentralized activity, so don't worry about your content or data being managed by centralized services.

IPFS is driven by a peer-to-peer network that stores and relays content as required. If you've ever used BitTorrent, you'll be familiar with it! (naughty) ENS and IPFS form the decentralized web, and the website is hosted by decentralized systems such as IPFS and is accessible by decentralized name services such as ENS Domains (brothers for life).

So, now that we've determined the storage requirements for our website, how do we build up and launch a decentralized ENS Domain website?

Step 1: To build a website.

You can create a decentralized website in the same way that you would create any other Web2 website. You're good if you have a directory with all your files at the bottom. You can create a simple page for a tutorial using in-built templates from marketplaces, or you can program using HTML, CSS, and so on, depending on your needs.

Step 2: Get an ENS Domain

It may not be challenging if you already have a crypto wallet with some ETH. Simply open the ENS app, search for the ENS domain name you want to register, and register it if it is available (if not, we have mentioned everything in detail above). Once registered, it is automatically saved in your linked wallet.

Step 3: Now is the time to upload your website files on IPFS

You must now upload all of your website files to IPFS. After you upload all the files, you will be given an IPFS CID, which is your content identification. The CID is the unique identifier for your specific information.

This is where the content hash is determined rather than the location. It also means that after you've uploaded files to IPFS and received a CID, you won't be able to change the file's content and will keep the same CID forever. When the content changes, so do the CID.

Step 4: now link your ENS Domain to the uploaded website

Moving back to ENS, you must change a few records connected with the ENS name and add the content hash. Because you are utilizing IPFS to store the content, you may need to put the prefix (ipfs:/) before the CID.

Now that everything is in place, your site will be accessible through the raw ENS name in a browser that allows decentralized websites. (congratulations)

Given the limits of not being able to update the content of a website hosted on IPFS without modifying the content hash, those wanting to redirect an ENS domain may prefer to redirect their ENS name to an existing website elsewhere.

To do so, replace step 1 with a simple webpage that refers to an existing website of your preference. The rest of the stages are the same; follow the instructions above, and don't skip anything!

Is there any alternative to ENS Domains?

By "alternative to ENS Domains," we mean something better, or at least of comparable standards. ENS Domains are an alternative to DNS since they moved the entire ecosystem away from a single server and toward a decentralized ecology.

Quik Domains are an alternative to ENS Domains. Is there a difference between Quik Domains and ENS Domains because they both use NFT techniques and are built on blockchain technology with smart contracts?

The only significant distinction here is that ENS Domains must be renewed annually, whereas Quik Domains do not require subscriptions. We have summarized the distinction between Quik Domains and ENS Domains below!

• Quik Domains is built on Ethereum and Binance Blockchain, whereas ENS Domain is built on Ethereum.
• Quik Domains has no renewal costs because once purchased, the user owns the NFT Domain in perpetuity, but ENS Domains has subscription and renewal plans.
• Quik Domains are one-time expenditures with costs based on the length of the NFT Domain name, whereas ENS Domains range in price from $5 to $640/year based on character length and renewal time.
• Quik Domains provides numerous top-level domains for people to choose from when customizing and obtaining the best, whereas ENS Domains provides a few but one of the top and leading ones.
• Quik Domains has its own native $QUIK Token, and ENS Domains has its own native $ENS Token.

The entire pricing module of Quik domains is determined by whether it is initially created or sold on the open market. The minting costs for normal domains differ from those for prominent domain names.

Some NFT Domains with prominent brand or celebrity names can be held for those demonstrating authenticity on Quik domains, but users can also purchase them. Because ENS Domains is open-source, users can create any username without official documentation!

Anyone can sell their Quik Domain on any secondary marketplace; the price is determined by what buyers and sellers are ready to agree on. ENS Domains can also be sold on alternative marketplaces, but it takes a few steps that might be time-consuming!

Are ENS Domains safe?

Since the entire premise of ENS Domains is based on smart contracts, they are considered more secure and private than DNS. Ethereum's highly programmable environment allows the domain to engage with other smart contracts from outside name services.

This results in decentralized compatibility and secure transparency across the whole blockchain ecosystem. Digital contracts exist to reduce payment delays and errors while also making ENS highly secure for users to adopt readily.

Are ENS Domains worth investment?

Now that we've covered so much, and if you've been following us from the beginning to this point, you should be able to determine whether it's a good investment. But, as previously stated, here's a brief explanation of whether ENS domains are truly worth the investment for those rushing to a conclusion!

ENS is a ground-breaking technology that combines fungible and non-fungible properties. All ENS domains are ERC-721-compliant NFTs, which means they may be traded and held on NFT exchanges.

Existing ENS Domain users who registered ENS tokens early received a part of ENS tokens distributed from the ENS Airdrop. The ENS tokens are fungible and may be traded using crypto wallets on various centralized and decentralized exchange platforms.

The ability to sell and exchange domain names as NFT and buy and sell tokens as a crypto, decentralized, or long-term asset makes this a good investment possibility.

If you owned an ENS Token, your investment would have doubled in the first week of its token launch, which took place on November 8, 2021, and soared over 300% to $84, as mentioned above.

The ethereum name service price today is surely at an average run, but that doesn't mean it won't go higher since the entire crypto market in today's state is going through a hard time that they certainly never anticipated would ever happen.

The cryptocurrency market is uncertain and extremely volatile. However, ENS Domains have provided blockchain users with a more accessible and effective method of making payments, hosting websites, and integrating technologies.

The system's decentralized network also offers independent control to service providers, making this space an even more attractive investment opportunity in the long term. You can purchase an ENS Domain in just a few clicks and say goodbye to lengthy documentation and unnecessary procedures.

If you want to acquire an ENS domain, an ENS token, convert DNS to ENS, or trade USD to ENS, we have covered all the fundamentals above so that you can better understand the concept and make the right choice.

As mentioned earlier, whether it is a worthwhile investment or not is determined by your requirements. We have highlighted the positive and negative aspects so you can understand them thoroughly.

Let us know your choice, and for any query, we are always available in the comments section below!

Happy Minting!