Ethereum Name Service Project Overview & Chart Analysis

16 במרץ 2022

I really like this one, I love the idea of Crypto-Domains.

"What Is Ethereum Name Service (ENS)?


Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible.


The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains.

Source: Coinmarketcap

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As for the analysis... It is still early but I would love to see it grow.

We have low risk (stop-loss below red dashed line) with high potential reward.

This is not financial advice.

Namaste.

28 באפר׳ 2022

הערה

It is still looking great.
Patience wins.