ENS Domain

Definition ∞ An ENS Domain is a human-readable name registered on the Ethereum Name Service, functioning as a decentralized website address or cryptocurrency wallet identifier. This system converts complex alphanumeric blockchain addresses into simpler, memorable names like “mywallet.eth”. It operates on the Ethereum blockchain, providing a secure and censorship-resistant way to identify resources. ENS domains streamline interactions with decentralized applications and digital assets.
Context ∞ ENS domains are gaining traction as a fundamental component of decentralized identity and user experience within the Web3 ecosystem. Debates often address the valuation of specific ENS names and their role in establishing digital identity across various blockchain platforms. The future development of ENS includes expanded integration with other blockchain networks and broader adoption for decentralized applications, enhancing user accessibility and security.