Ethereum Name Service (ENS) – Offchain names, crypto-enabling DNS, v3, revenues | Fundamentals ep.54

In this episode of the Fundamentals podcast, we’re joined by Greg Skril, a core contributor at Ethereum Name Service (ENS). ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain.

ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

In our interview with Greg, we discuss the core problem that ENS solves, how ENS supports existing internet infrastructure by crypto-enabling DNS names, how ENS names can exist offchain, and their current main use cases. We also discuss the main updates that were introduced with ENS v3, break down the ENS protocol’s most important smart contracts, the DAO and its business model, growth drivers and challenges, plans for the future, and more!

ENS’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/ethereum-name-service

Listen to the episode:

Timestamps:
00:00 Introduction
01:12 The purpose of ENS
02:07 ENS is more than .eth
03:00 Crypto-enabling DNS names
04:11 Most common use cases for ENS today
05:27 Offchain ENS names
10:23 ENS v3
12:29 Overview of ENS’s most important smart contracts
14:03 The market and ENS’s position within it
15:48 Business model & revenue streams
19:13 The ENS token
19:45 Growth drivers and challenges
21:35 Most exciting things happening in the ENS ecosystem
23:09 The contributors behind ENS
24:53 The end state of ENS
25:21 What's next for ENS?

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