Ethereum Name Service (ENS) is a decentralized and extensible naming system running on the Ethereum blockchain. It works by matching user-friendly text-based names with complex and lengthy Ethereum wallet addresses, hashes and other machine-readable identifiers. In this way, it facilitates transactions and interactions on the Ethereum network.
ENS is an ERC-20 token that gives you the right to vote on the governance of the ENS protocol. Token holders can vote on various issues about the future of the protocol.
ENS has risen 6.54% over the last 24 hour period. Brantly Millegan, former Ethereum Name Services (ENS) employee Brantly Millegan is once again mobilizing for a sale. Millegan is said to have transferred 92,535 ENS worth $2 million to an exchange on May 22. This transfer may have caused the rise in the price.
