ENS offers a secure & decentralised way to address resources both on and off the blockchain using simple, human-readable names.
ENS is built on smart contracts on the Ethereum blockchain, meaning it doesn't suffer from the insecurity of the DNS system. You can be confident names you enter work the way their owner intended.
ENS operates in a distributed fashion for both its infrastructure and governance. Anyone can register a .eth domain name for themselves by participating in an auction process, mediated by the blockchain.
Mathematics is the art of giving the same name to different things.— Henri Poincare
We’ve hired a number of talented individuals. Many of them have contributed previously to ENS in a voluntary capacity.
ENS launched on mainnet on May 4, 2017. At launch, ENS features an automated registrar that allows anyone to register names ending in ".eth" using an auction process.
This registrar is designed to be an interim step in ENS's long term development, to enable a fair and straightforward process in ENS's initial formation, and to provide an opportunity for the community to develop experience and insight into the operation of a decentralised name registry.
The goal is to replace this interim registrar with a permanent one, which has a target date of two years after launch of this initial registrar. The intervening period will give the community an opportunity to observe the interim registrar in operation, and to submit proposals for a permanent registrar via the EIP (Ethereum Improvement Proposal) standardisation process. The accepted proposal will be implemented and deployed to replace the interim registrar. We expect the proposal to provide a fair process for transferring names registered with the initial registrar to the permanent registrar.
To facilitate the possibility of upgrades and maintenance, and in exceptional circumstances to handle problems with ENS, the ENS root will initially be owned by a multisig, with members of the Ethereum dev community as keyholders. In the long term, we would like to see the root multisig replaced by some form of distributed decision making process, but developing such a process will require time, thought, and care, which we anticipate will be a longer term effort than the development of the permanent .eth registrar.
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