The Ethereum Name Service (ENS) has opened up the registration of all the remaining three character .eth addresses on their website, saying it will simplify the process of sending and receiving cryptocurrencies. The service, which launched in 2017, has seen its popularity rise in the past few months.
Users can now name their crypto addresses
An ambitious decentralizing project, Ethereum Name Service (ENS) has seen its popularity grow in the past couple of months. The company enables users to name their crypto addresses and register the names on .ETH and other domains, including .xyz, .luxe, .kred and .art.
Last month, the company announced that it has launched support for multiple cryptocurrencies and now supports ETH, BTC, LTC, and ETC addresses. Apart from that, more than 15 different cryptocurrency wallets have confirmed plans to utilize the company’s name registering service and expand its functionality.
After multi-coin support was enabled, users can now create names for their crypto addresses. Therefore, the process of sending and receiving crypto payments will be a lot more streamlined—instead of typing 30-something random characters, users can now type in a name with the .ETH domain at the end.
On. Nov. 7, the company announced that all remaining .ETH names containing three or more characters are now available for instant registration.
How to register your .ETH name
In its announcement, the company shared a Medium post with detailed instructions for users on how to register their .ETH domain name. According to the post, registration is available for Chrome and Brave users. Those using Chrome need to have a MetaMask extension downloaded and installed, while Brave users only need to enable the extension, as it comes built-in with the browser.
By visiting the ENS Manager, users can search for their desired .eth names, after which they will be able to select how long they’d like to register the name. The fees are paid in ETH and are around 0.031 ETH or $5 per year.
Once the name, duration of the registration, and payment method are selected, the user can click the “Register” button and wait for their transaction to be processed. Once the transaction is confirmed, the name will be registered and available for use for sending and receiving transactions.
After the registration is complete, users will need to set up their ENS records to enable their registered name to resolve into the Ethereum address they chose. The company said a step-by-step guide for setting up ENS records will be released soon.
While .ETH names will drastically simplify the process of sending and receiving transactions, it’s still too early to tell whether ENS’s service is here to stay. The company was started back in 2017, but saw its growth stifled by a critical bug found just days after the launch.
Posted In: Adoption