We’re going to get straight into it as always.
ENS = Ethereum Naming Service — ENS offers a secure and decentralised way to address resources both on and off the blockchain using simple, human-readable names. It simply takes a public address and makes it human readable. Here’s an example using one of my public ethereum addresses:
0x1Fed84aC758EA12706B913F305f0924253EbFDC5 + ENS = genesisblock.eth
So how do you get a named address? You have to bid for it! Here’s how that works:
- Name (at least 7 characters long) becomes available
- You search for it
- You bid on it and wait 48 hours for bids to be made
- You get 48 hours to reveal your bid (or lose your ether you bid)
- You determine if you are the top bidder (or second most bidder)
- If you have the highest bid, you pay the second most bid (really the bid is “locked” in the name for 2 years, and then given back to you minus tx fees)
- Otherwise you lose and need to find another name!
So how do get to bidding???
- Download Mist
- Open Mist and let it download the whole blockchain (will take a while)
- Click the browse icon and copy the following url: https://registrar.ens.domains/
- Click on top right corner and “Authorize” your account to be able to bid on ENS
- Starting searching for names and bidding!
- Here’s more on the specifics of bidding rules
As always, if you need help or have questions — leave a comment below and I will get to it ASAP!