Interview
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?
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
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