The popular distributed naming system Ethereum Name Service (ENS) is in the crypto news today for announcing the launch of its multicoin support. Even 15 cryptocurrency wallets are planning to utilize this new feature.
First unveiled in a Medium post published on October 17, the service will allow enthusiasts to use one ENS name for all of their cryptocurrency wallets. It is noted that the ENS user interface right now supports only Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses and not all of the endcodings.
Still, the post promises that the functionality of the Ethereum Name Service (ENS) will be expanded in the coming weeks.
“ENS for Ethereum addresses was already supported by 12 wallets; with the addition of new wallets committing to support ENS because of the new multi-coin feature, the total number is now 24,”the blog post reads.
As the developers noted, this “cements ENS’s place as the most widely adopted blockchain-based naming service by a wide margin.” They also recommend getting an ENS name if you want a blockchain-based name for your cryptocurrency with the widest support in the ecosystem.
Some of the names of the wallets committed to integrate this feature of Ethereum Name Service (ENS) include D’CENT Wallet, Coinbase Wallet, Bitcoin.com, Opera, TrustWallet, imToken, Portis, MyCrypto, Haven, Atomic Wallet, Squarelink, Coin Request, DexWallet, Enjin and Wyre.
The team also plans to integrate the new DNS namespace and support addresses like .org, .com, and others. The functionality has already been implemented for domains such as .xyz, .luxe, .kred and .art, according to the announcement.
The Ethereum Name Service (ENS) intends to roll out support for all DNSSEC-enabled top-level domains in the near future, too – the latest Ethereum news show.
For those of you who are new to the concept, ENS is basically “an Internet naming service built with smart-contracts on the Ethereum blockchain, providing naming for the blockchain ecosystem and far beyond” as the Medium post defines it.
However, it is also a key component for the emerging decentralized web. Managed by a non-profit organization which spun out of the Ethereum Foundation, the Ethereum Name Service (ENS) seeks to bring the blockchain benefits of decentralization, security and censorship-resistance to the Internet’s naming infrastructure.
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