Sunday, September 25, 2022

The Cost of the Ethereum Name Service (ENS) Token is $13.690 Per Coin.

ethereum-name-service Ethereum Name Service (ENS)

$13.690
0.23% (24H)
Watch
Low 24H: $13.540 High 24H: $14.480
Market CapVolumeAvailable Supply
$353.73 M $40.88 M25.78 M ENS
ATHATH(% Change)ATH Date
$83.40-83.53%2021-11-11

The Ethereum Name Service (ENS) cost-per-coin is about ~$13.690/ENS. The Ethereum Name Service (ENS) project has a total marketcap of $353.73 M, with the $ENS token price moving 0.23% up (in the past 24 hours).

Notes About "Marketcap" Math:

There is are simple formulas for calculating "the total market capitalization" (AKA: Marketcap) for a given project, and these simple-formulas can be written-or-talked about in different ways.

In one example: If we take cost-per-coin (ie: $13.690 for $ENS), and multiple that by the "calculated-circulating" supply (sometime a controversial number for Ethereum Name Service), then this will equal the given "total marketcap" number (ie: $353.73 M for Ethereum Name Service). Yet, when the price changes (ie: 0.23% up in the past 24 hours), then the marketcap changes, too.

In another example: If we take the given "total marketcap" number (ie: $353.73 M for Ethereum Name Service), and we divide by the cost-per-coin (ie: $13.690 for $ENS), then we will know the the "calculated-circulating" supply that is being used, (again, which sometime a controversial number for $ENS). So, when the total "calculated-circulating" supply metric changes for $ENS, then cost-per-coin AND the total marketcap both change, too.

About The Ethereum Name Service ($ENS) Project:

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.Top-level domains, like ‘.eth’ and ‘.test’, are owned by smart contracts called registrars, which specify rules governing the allocation of their subdomains. Anyone may, by following the rules imposed by these registrar contracts, obtain ownership of a domain for their own use. ENS also supports importing in DNS names already owned by the user for use on ENS.Because of the hierarchal nature of ENS, anyone who owns a domain at any level may configure subdomains - for themselves or others - as desired. For instance, if Alice owns 'alice.eth', she can create 'pay.alice.eth' and configure it as she wishes.ENS is deployed on the Ethereum main network and on several test networks. If you use a library such as the ensjs Javascript library, or an end-user application, it will automatically detect the network you are interacting with and use the ENS deployment on that network.

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