Ethereum Name Service ENS

Ethereum Name Service is a decentralized system that connects machine-generated codes to human-friendly names. The system works similarly to the DNS system, which helps users find websites via names rather than IP address numbers.

Ethereum Name Service converts metadata consisting of a series of numbers and letters (e.g. (8e866f012fb8fb…)  “into easy-to-understand words like“ john.eth ”or“ store.eth ”.

The system is based on the Ethereum blockchain network. Using Ethereum Name Service, users can also purchase domain names for their websites, digital wallets, NFTs, and many other forms of digital assets.

ENS supports .eth, .com, io, .app and more domains.
There are already browsers that support ENS domains like Opera, Brave, Status, Metamask.

At the time of writing this text, there are about 20,244,862 ENS tokens in circulation.
The maximum supply of  ENS tokens is 100,000,000.

Ethereum Name Service makes it easier to access and understand decentralized applications on the Ethereum network, crypto wallet addresses, NFTs, hashes, and other forms of digital assets. Just like the DNS system link an IP address (for example 195.162.1) to a name (for example www.bitcoin-store.net), the ENS system links metadata (8e866f012fb8fb…) to readable names (for example john.eth).

With the help of the ENS system, names and addresses become more transparent and easier to interact with. Anyone can generate or register a ".eth" domain by participating in the auction process.

ENS token can’t be mined. The ENS is a governance token created on the Ethereum blockchain. It can be traded as most tokens, but it also has a specific role in the ENS community. ENS holders can use their tokens to vote on changes within DAO.

ENS was initially part of the Ethereum Foundation, but in 2018 became an independent organization. The project’s lead developer is Nick Johnson, a New Zealand developer who previously worked at Google and the Ethereum Foundation.

On the Bitcoin Store platform, you can easily buy Ethereum Name Service and more than 130 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification you can make a deposit (in HRK or EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 130 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, TrustWallet, Ledger, Treasury, etc., or on various trading platforms must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful you can sell your cryptocurrency. You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb and Split.

Verifying your identity via ID card is not required for all transactions up to HRK 15.000,00

In the exchange office, you can also make a deposit in cash directly to your Bitcoin Store account. The amount you deposit will be visible immediately and ready for your next cryptocurrency purchase.

You can store Ethereum Name Service in your digital wallet. When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store ENS on your own Bitcoin Store Wallet. The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can:

On 2022-07-04 the current Ethereum Name Service price/exchange rate is 8.5783 EUR.