by ENS labs
Quick Fact
ENS converts long blockchain addresses into easy-to-read names, simplifying crypto transactions and smart contract interactions.
These names are managed by smart contracts on the Ethereum blockchain, ensuring that the system is secure, censorship-resistant, and fully decentralized. Ownership of a name is represented by an ERC-721 non-fungible token (NFT), allowing names to be bought, sold, and transferred in a trustless manner.
ENS names are compatible with multiple cryptocurrency addresses and decentralized services. You can link a single ENS name to a variety of blockchain addresses and decentralized storage content. This interoperability makes ENS highly versatile, supporting not only Ethereum addresses but also Bitcoin, Litecoin, and others.
By translating long hexadecimal wallet addresses into easy-to-remember names, ENS significantly lowers the barrier to entry for new users in the blockchain space. This simplification enhances user experience across a range of applications, from sending and receiving cryptocurrency to interacting with decentralized applications (dApps).