ENS (Ethereum Name Service) is a decentralized domain name system built on the Ethereum blockchain.
It allows users to register human-readable domain names, such as
myname.eth, instead of long,
complicated wallet addresses. ENS domains can be used in various Web 3 applications to make sending
and receiving cryptocurrencies easier and more user-friendly.
In addition to simplifying the process of sending and receiving transactions, ENS domains also allow for decentralized websites and applications. By using ENS domains, developers can create decentralized applications that are not tied to any specific server or hosting provider. This means that users can access these applications from anywhere in the world without any downtime or censorship.
Overall, ENS domains are an important part of the Web 3 ecosystem, enabling easier and more decentralized access to blockchain-based services and applications.