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Furthermore, ENS replaces manually operated and controlled systems with automated smart contracts based on Ethereum.

Now, if you’ve carefully read our Academy articles, you know what difference that makes. It renders domains registered through ENS more private, secure, and censorship-resistant.

And once you own an ENS domain, you can easily create and own its subdomains. For example, if you own batman.eth, you can create subdomains such as donate.batman.eth or blog.batman.eth and configure them to take donations or share Batman’s day-to-day activities.

Fun Facts About .eth Domains

Now that you know what ENS is, it’s time we explore some fun facts about the .eth domains ENS offers to users.

As they’re based on a decentralized infrastructure, .eth domains are censorship-resistant.


No central entity like a government can ban your .eth domains in any geographical region.

Besides, you can link your .eth domains to your crypto wallet address. This enables you to share your domain name with a friend or client and receive payments directly in the wallet linked to it. So, the next time you want to receive payment, you can simply share your domain to the sender instead of sharing a wallet address like “0x845sjh38sb334…” Say goodbye to the after-transaction anxiety!

You can also link it to files uploaded to the Interplanetary File System (IPFS) and then, with the use of specific plugins, anyone with access can view these files as web pages.

Last, but not least, the .eth domains offered by ENS are in fact ERC721 tokens, or an NFT, whose ownership is recorded on the Ethereum blockchain.

If your bid was not the highest, you were refunded your bid, minus a 0.5% fee which was burned.

  • At the end of the two day reveal period, the winner was the person who revealed the highest bid, but they only had to pay the amount of the second-highest bidder. This amount was locked up in the contract as a deposit until the permanent registrar came. The winner was required to send a “finalise” transaction to receive a refund of any extra funds, and to be assigned control of the name in ENS.
  • Upgrade to Permenant Registrar

    At 00:00 UTC May 4th, 2019, the ENS was upgraded to a permanent registrar contract which did away with the Vickrey auction system in lieu of instant registration for ENS domains seven characters or longer.


    The new registrar requires domain holders to pay $5/year paid in Ether to main.

    The last month saw the largest ever cryptocurrency hack in dollar terms, with $611 million stolen from PolyNetwork. On top of the humongous amount, the hack also caught attention due to the hacker freely conversing with others by sending messages via Ethereum transactions. They even included a series of Q&As!

    The NFT minting wave continue unabated.
    A twist to the formula was recently introduced with the LOOT token. The gaming asset NFT was mintable for free without any company, product or community backing it. It quickly escalated in value, sparked off countless copies & derivative tokens and upturned conventional wisdom on product-building.

    Inspired by the PolyNetwork exploiter’s use of Ethereum messages, this month we explore Ethereum as a messaging app.

    This means you can also trade your .eth domains on NFT marketplaces such as OpenSea.

    How to Get a .eth Domain?

    You didn’t think we’d leave you without an easy-to-follow guide to buy yourself a .eth domain, did you? Here we go:

    Step 1: Go to app.ens.domains and connect your preferred crypto wallet by clicking “Connect” on the top left corner.

    Step 2: In the search tab, look up the .eth domain you’d like to own.

    Step 3: If no one else has bought the domain yet, ENS will show the domain as “Available.”

    Step 4: Once you click on the domain name, it will lead you to the registration page. You can add the number of years you want to register the domain for, check the details of the transaction, and request to register.

    Service.

    What is ENS (Ethereum Name Service)?

    Similar to how initially you’d have to use IP addresses on Web2, today, you are forced to use long alphanumeric values such as your wallet address or transaction hashes in the crypto and Web3 space. To solve this issue, we have ENS or Ethereum Name Service.

    The primary role of ENS is to help you translate complex identifiers on Web3, such as crypto wallet addresses, hashes, and metadata, to readable names (domains), which then get registered on the Ethereum blockchain.

    So, using ENS, you can buy a domain such as batman.eth or cinderella.eth and link it to your Ethereum wallet address — that looks something like this: “0x3bsfjbk234basf8iwerb….” Now, every time you want to receive a payment, you can share your ENS domain instead of your complex wallet address.

    That’s almost exactly like DNS, isn’t it?

    Right.

    Owner of the domain can choose a resolver and transfer the ownership of the domain as well as its subdomains.

    History

    Launch

    The ENS launched on May 4th, 2017 with a temporary registrar contract featuring a Vickrey auction design for registering domains.

    Vickrey Auction Process Explained

    1. First, someone looking to register an ENS domain was required to make a minimum bid of at least 0.01 ETH which opened an auction for the desired name. This started a 3-day timer for other people to place bids on the name. During this period, the details of bids were obscured: nobody could tell how much you bid, or even what name you were bidding on.
    2. After the three day auction finished, a two day “reveal” period would begin.

      During this period, everyone who made a bid must have revealed the details of their bid — if they didn’t, they lost their entire bid.

    — You can use this domain to link to your crypto wallet address or other information stored on a Web3 infrastructure such as the Interplanetary File System.

    — In this article, we explore what it is, some fun facts about .eth domains, and how you can get one for yourself.

    Looking to get yourself a .eth but don’t know much about ENS? We’ve got you covered!

    If you are a regular at Ledger or Ledger Academy, what would you rather memorize to visit the website: its domain name ledger.com or its IP address 104.18.24.74?

    Unless you’re some math or physics buff who talks in numbers, we can bet our Ledger wallets on the fact that you’d want to go with the short and sweet ledger.com.

    How it all started: DNS (Domain Name Services)

    What’s interesting is that there was a time during the internet’s evolution when this wasn’t possible.

    Step 5: You will receive a request to approve the transaction from your connected wallet. Click “Confirm” to approve the transaction.

    And tadaa! You will officially own a domain on Web3, which you can then connect to your wallet or use for whatever purpose you see fit.

    Note: the price you pay will depend on the length of your ens domain, your desired duration and of course the availability.

    Into The future

    Web3 has seen massive growth over the past three years. No one would have imagined but today we have almost 300,000 domains registered on ENS alone owned by over 100,000 people.
    That’s for just one of the many naming services on Web3.

    You could only explore information on the web by typing in its IP address. Then came DNS, a.k.a. Domain Name Service. It struck a truce between the complexity that computers needed and the simplicity that humans demanded.

    While computers only understand IP addresses, DNS enables you to link a domain name to that IP address. So, whenever you want to explore any information, you can type in the domain name and the DNS takes care of translating it to the respective IP address and conveying it to the computer.

    But DNS is too Web2.

    For Web3, we needed something better, something more resilient and decentralized.

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