What Are Ethereum Domains (2024)

FAQs

What are Ethereum domains? ›

Like DNS, Ethereum Name Service uses hierarchical names (domains) that give you complete control over subdomains. The ENS has three principal components: registry, resolver, and ENS name. The registry is the core smart contract that has the list of domains and subdomains and maps them to Ethereum addresses.

One of the key benefits of the . eth domain is that it is fully decentralized and controlled by its users. This means that there are no central authorities or gatekeepers that can control or restrict access to . eth domains, making it a secure and censorship-resistant alternative to traditional domain registrars.

The most expensive crypto domain ever sold was “paradigm. eth”, which sold for $1.51 million (420 ETH) on October 9, 2021, as ETH rallied to an all-time high. This makes “paradigm. eth” almost five times more expensive than “000.

eth will cost you 5 USD per year. A 4 letter 160 USD per year, and a 3 letter 640 USD per year. This pricing structure is done to promote market diversity as there are an exponentially less amount of names the shorter they become.

Similar to an email address, a blockchain domain is an easy-to-remember address for sending and receiving crypto. Instead of having to copy and paste long, complicated crypto addresses you can simply type in a blockchain domain like john.

A blockchain domain is a domain name minted on a distributed ledger technology (DLT, such as a blockchain). Blockchain domains are also called “NFT domains”, “decentralized domain names” or “crypto domains”.

An Ethereum Domain Name, also known as . eth, is a human-readable address routing system on the Ethereum blockchain provided by the Ethereum Name Service (ENS). It allows users to replace long strings of numbers and letters with a simple and understandable . eth domain name, making transactions more user-friendly.

Yes, it only takes a few moments to sell or buy Ethereum Name Service after you connect your funding method.

It can be prime real estate. Think of your domain as a piece of land. Building a house on it is like building a website on your domain. But even if you don't start pouring concrete, your empty lot is still worth something.

What domains sell the most? ›

What is the highest-selling domain name? Business.com remains the highest domain name sale on record.

1. Cars.com: $872 million. The most expensive domain in the history of all domain sales worldwide is Cars.com.

Root Registry

The ENS rootnode is currently owned by the ENS DAO. It used to be owned by the ENS Multi-sig, a group of keyholders from different parts of the ecosystem, however as of EP4. 10 the ownership has been transferred to the ENS DAO.

The most expensive ENS domain sold so far is paradigm. eth, which was auctioned for 420 ETH in October 2021! It fetched roughly $1.5 million. Despite the name being closely associated with the crypto venture capital firm Paradigm, the company denied making the purchase.

The Ethereum Name Service (ENS) is a blockchain equivalent of the popular internet naming convention known as the Domain Name System (DNS). Much like DNS allows websites to map their IP addresses to human-readable domain names (like gemini.com), ENS enables the same functionality for decentralized websites and wallets.

The Ethereum Name Service (ENS) provides users with the unique opportunity to create a . eth domain name. The protocol leverages NFT (non-fungible token) technology to create secure credentials on the Ethereum blockchain. The goal of the project is to simplify cryptocurrency payments and drive adoption.

How Does ENS Work? ENS consists of two key components: a registry and resolvers. A registry is a smart contract that maintains a mapping of domain names to Ethereum addresses. The resolvers are responsible for resolving domain names to their corresponding Ethereum addresses.