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comment by kleinbl00
kleinbl00  ·  407 days ago  ·  link  ·    ·  parent  ·  post: Ethereum Name Service auction bot

Okay, what is this?

mk  ·  407 days ago  ·  link  ·  

It's a name registry like DNS that points to Ethereum addresses. Thus, I could send ETH to kleinbl00.eth, rather than a crazy long mix of letters and numbers. The fanciest part, is that the service runs on Ethereum itself. It's decentralized.

veen  ·  407 days ago  ·  link  ·  

It's a domain name registry. Unsurprisingly it uses a bit of a weird mechanism to assign the names, in this case a betting procedure.

kleinbl00  ·  407 days ago  ·  link  ·  

Yeah I found a medium article but that doesn't really cover it. So basically this is the framework by which you would in the future be able to use Ethereum like venmo or some shit? So for example, if my name was James Kieth I could register james-ki.eth and people could send me ethereum without some big dumb hash? Is that the basic idea?

veen  ·  407 days ago  ·  link  ·  

The way I understand it, is that ENS tries to mimick DNS but add Ethererum-stuff to it. So instead of your DNS resolving to, the ENS can resolve kleinbl00.eth to your Ethereum wallet address. Or to some other bajingojargon like

    machine-readable identifiers, including Ethereum addresses, Swarm and IPFS content hashes, and other identifiers.