{"id":14013,"date":"2021-11-11T19:39:07","date_gmt":"2021-11-11T14:09:07","guid":{"rendered":"https:\/\/zebpay.com\/?p=14013"},"modified":"2021-11-11T19:39:07","modified_gmt":"2021-11-11T14:09:07","slug":"ens-the-game-changer","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ens-the-game-changer","title":{"rendered":"ENS: The Game Changer"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/ens-the-game-changer\/#What_is_ENS_Whys_everyone_trying_to_get_their_hands_on_it\" title=\"What is ENS? Why\u2019s everyone trying to get their hands on it?\">What is ENS? Why\u2019s everyone trying to get their hands on it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/ens-the-game-changer\/#How_does_it_work\" title=\"How does it work?\">How does it work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/ens-the-game-changer\/#The_talk_of_the_town_the_airdrop\" title=\"The talk of the town: the airdrop\">The talk of the town: the airdrop<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/ens-the-game-changer\/#Price_performance\" title=\"Price performance\">Price performance<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><a href=\"https:\/\/zebpay.com\/in\/buy-ethereum\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum<\/a> name service or ENS has been in the spotlight for a while now. It calls itself \u201can open public utility that belongs to the community.\u201d The vision is starting to take form as the project has taken the shape of a DAO, a decentralized autonomous organization. ENS tokens are now live on ZebPay for you to buy! We are the first Indian exchange to list it, so get your hands on it now.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-ens-why-s-everyone-trying-to-get-their-hands-on-it\"><span class=\"ez-toc-section\" id=\"What_is_ENS_Whys_everyone_trying_to_get_their_hands_on_it\"><\/span>What is ENS? Why\u2019s everyone trying to get their hands on it?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You know how we have regular website domains? ENS is the same except it\u2019s completely decentralized. ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain.<\/p>\n\n\n\n<p>What\u2019s special about it is the personalised aspect of it. It maps human-readable names to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. It\u2019s a complete game changer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_it_work\"><\/span>How does it work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For example, in case someone wants to send me some crypto. I\u2019ll have to send them my deposit address which is something unique like \u201c3fsnw48qm0w\u2026.\u201d. Which isn&#8217;t very practical to remember, right? I need to have an address that I can say off the top of my head to actually be adopting crypto on a realistic basis.<\/p>\n\n\n\n<p>Enter ENS, to the rescue, phew! I can buy my own personalised domain, with the format of \u201cmyname.eth\u201d. And boom, a total game changer. This way, it\u2019s easy to remember and there\u2019s no risk of giving the wrong address to someone. Remember crypto transactions are irreversible. A wrong address would be problematic and you\u2019d lose your crypto. But now, making payments and adopting crypto got a whole lot easier. Next time someone asks for your address you just tell them your domain name.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_talk_of_the_town_the_airdrop\"><\/span>The talk of the town: the airdrop<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Airdrops are the distribution of free tokens and coins, to thank early adopters of a project for their support, during the nascent stages. ENS just launched its native ENS governance token on Monday, but the token already has hit a fully diluted market capitalization of $5.4 billion.<\/p>\n\n\n\n<p>ENS distributed 25 million tokens through its airdrop to domain holders! Lower level tiers have received an average of 200 ENS tokens, while the mid-level tier has received 500 ENS and the most active participants have earned 1,000 ENS. It is one of the largest airdrops that brought on an extremely positive reaction from the community.<\/p>\n\n\n\n<p>Every token holder now has a seat at the table. The domain holders haven\u2019t just gotten free crypto, it\u2019s more about the responsibility they hold in running the DAO. The ENS tokens are governance tokens that grant them voting rights in decision making.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Price_performance\"><\/span>Price performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The price performance has been good although it has only been launched less than 48 hours ago. At the time of writing, ENS is trading at $69.71 or \u20b95188.06. <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum-name-service\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">It has risen 21.8% in the last 24 hours and is currently ranked #116 by order of market cap<\/a>. We believe that ENS does have the potential to rise up the ranks steadily over time.<\/p>\n\n\n\n<p>So what are you waiting for? <a href=\"https:\/\/zebpay.com\/in\/buy-ens\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buy\/sell or trade ENS<\/a> at ZebPay today!<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum name service or ENS has been in the spotlight for a while now. It calls itself \u201can open public utility that belongs to the community.\u201d The vision is starting to take form as the project has taken the shape of a DAO, a decentralized autonomous organization. ENS tokens are now live on ZebPay for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14013"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=14013"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/14014"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=14013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=14013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=14013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}