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Running An Ethereum Wallet With A Domain
ENS domain names are the domains that end in a .eth. These domain names have also functioned as Ethereum wallets since their inception. ENS supports (TLDs), but instead of creating more TLDs like the .eth, ENS moved in favor of integrating with the currently existing DNS namespace.Related Reading | Only In Crypto: A Croissant Explains Why Ethereum Will Be Worth Trillions
The integration will allow owners of DNS second-level domain names, that is domain names with a single dot in them, to use the same name on ENS. So a .com website name will still maintain the same exact name with a .com at the end but still work in ENS. For example, wncen.com will still remain wncen.com after it is imported into ENS.Not The Only Crypto
Ethereum is the most popular cryptocurrency sent and received using ENS domains. This is due to the prominent TLD on ENS being the .eth. But it is not the only crypto that can be accepted using ENS. ENS domain owners can receive native assets from over 100 blockchains. A domain owner can add an address from a particular blockchain, say Cardano, and then they will be able to receive tokens that are native to that blockchain. In this case, if an owner adds a Cardano wallet to their ENS, then they would be able to receive ADA through their domain name.Related Reading | 60k ETH Exit Exchanges, Here’s Why It’s Bullish For Ethereum
Interestingly, owners can also receive NFTs using their domain names. For a blockchain like Ethereum, when an ETH address is added to the domain name, the user can receive an NFT that lives on the blockchain through their domain name. The ENS team believes that integrating existing DNS instead of just adding ENS-native TLDs would give the project the best shot at long-term success.ETH price trends above $3,000 | Source:
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