First-timers and people without technical backgrounds can find the cryptocurrency space overwhelming. To make a payment in crypto, you need to have a long alphanumeric wallet address that's hard to comprehend. What's more, there are different addresses for different cryptos, making everything even more challenging to manage.
<h2>Bringing Much-needed Simplicity to the Space</h2>
Ethereum Name Service (ENS) aims to simplify the crypto and Defi space by letting people create a universal name for all their websites and public addresses. You get a single domain ending in .eth rather than an unreadable string for each address. At this domain, you can get NFTs, cryptos, and more.

ENS is Web3’s naming protocol. It creates portable usernames for the internet of the future, which are compatible with all dApps and blockchains. An ETH address can be part of your unique online identity, which platforms like <a href="https://brandsnag.com/ens-domain-checker" target="_blank" rel="noopener">BrandSnag</a> can help create. For more details about its effect, let's take a look at how ENS works.
<h2>A Name and Search Service on Ethereum</h2>
ENS is a name and search service running on the Ethereum blockchain, which lets users map machine-readable to human-readable addresses. Someone who wants to receive a payment in crypto would need to share their address, which would consist of tens of hexadecimal characters. This is analogical to an IBAN, letting people send crypto to your wallet.

ENS creates a nickname, which automatically appears as a link connected to your public address. Instead of the complicated string of characters, you can share the link with the person you expect to receive crypto from.
<h2>Not Controlled by any Single Entity</h2>
ENS is an open and distributed naming system for decentralized, secure lookup and domain naming services. No entity controls it. Therefore, it is far more secure than its centralized counterparts due to the absence of a single failure point.
<h2>How do I get My own ETH Address?</h2>
It's not hard to create <a href="https://finance.yahoo.com/news/consensys-acquires-ethereum-wallet-mycrypto-150000196.html" target="_blank" rel="nofollow noopener">an Ethereum wallet</a>. Each one has slightly different features, and there are also deviations in terms of safety and intuitiveness. Types of wallets include hardware, software, and mobile.

A hardware wallet is physical. You download a software wallet on your computer. A mobile wallet helps you store funds on your smartphone.

To find a wallet, you could visit the App Store for Apple or Google Play for Android. You enter a recovery phrase as a wallet backup. Set a reliable password and add ether to your wallet, the native token of Ethereum.

Just like a physical wallet, keeping your digital wallet secure is essential. If not secured properly, it can be hacked, resulting in the often <a href="https://www.thestreet.com/investing/cryptocurrency/-victim-of-a-80m-crypto-theft-defi-platform-qubit-begs-hackers-for-its-money-back" target="_blank" rel="nofollow noopener">irreversible loss of funds</a>.
<h2>Anyone can buy an ENS Domain</h2>
In the past, the creators of ENS held auctions for domain names to be purchased by interested parties. Now, anyone can buy an ENS domain. Just sign up for an ENS domain on their website. Then, connect your Ethereum wallet and enter your domain name of choice.
<h2>Purchasing ENS Tokens</h2>
There are a few simple steps to take if you want to purchase ENS tokens. You start by creating an online account on a cryptocurrency exchange. Then, you buy an ENS wallet. This is only possible with ether, so you need to exchange the currency on SushiSwap, Uniswap, or another <a href="https://www.cryptoknowmics.com/news/is-loopring-the-future-decentralized-exchange-protocol/" target="_blank" rel="noopener">decentralized exchange</a> (DEX). You can use one of several wallets that let users trade on DEXs for this.

Finally, buy your ENS tokens. Enter an amount of ether you want to exchange for ENS. You've now invested in the ENS token after the transfer is complete. It can be pretty lucrative. Keep in mind it's not a good idea to invest more than you can afford to lose.

What Is Ethereum Name Service and How Do You Get a .ETH

Ethereum Name Service (ENS) aims to simplify the crypto and Defi space by letting people create a universal name for all their websites.

As a keen observer of every latest development in the crypto world, Guest has formed a sound understanding of how the blockchain and cryptocurrency works. Guest likes to keep a tab on all the trends within the crypto industry and treats our readers with insightful content.

What Is Ethereum Name Service and How Do You Get a .ETH

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