How to Get Ethereum Name Service Coin?


The Ethereum Name Service Coin acts as the platform’s native cryptocurrency.

What is the Ethereum Name Service (ENS)?

The Ethereum Name Service (ENS) is a distributed, open and extensible naming system operated on the Ethereum blockchain. The task of the ENS is ‘ match human-readable names such as ’eth’ with Ethereum addresses or other machine-readable identifiers. In addition, ENS supports reverse resolution, which makes it possible to associate metadata such as usernames or interface descriptions with Ethereum addresses.

ENS has similar goals as DNS, the domain name service of the Internet, but has a significantly different architecture due to the capabilities and restrictions provided by the Ethereum blockchain. Like DNS, ENS runs on a system of dot-separated hierarchical names called domains, and the owner of the domain has full control over subdomains.

ENS is deployed on the Ethereum network and several test networks. In the case of using a library, such as a Javascript library or an end-user application, it automatically detects the network being interacted with and uses the ENS distribution on that network.

Where to Buy ENS Coin?

Ethereum Name Service Token can be bought and sold safely on Binance, the world’s largest cryptocurrency exchange in terms of transaction volume. ENS Coin is traded on the Binance platform at the parities ENS/BTC, ENS/BNB, ENS/USDT and ENS/BUSD. ENS Coin is trading at $56.68 at the time of this guide.

In order to buy ENS Coin, you must first become a member of the Binance exchange. Upon completion of the membership, crypto currency or fiat currency must be transferred to the Binance passbook. Upon completion of the transfer, you can purchase ENS Coins from all four pairs mentioned above. To purchase from the ENS/USDT trading pair, you must first go to the interface of this pair. In the ENS/USDT interface, the desired amount to be purchased is entered in the field specified on the limit tab. After specifying the amount, the purchase is made by the ENS Buy order.

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