Entries by Blockchain Council

Everything You Need To Know About Ethereum Name Service (ENS)

February-23 in Ethereum, Understanding Blockchain /by

Everything You Need To Know About Ethereum Name Service (ENS)

Ethereum Name Service (ENS)​

Summary:



  • Ethereum Name Service (ENS) is a decentralized and open-source technology built on the Ethereum Blockchain


  • ENS provides a mapping system between human-readable domain names and Ethereum addresses, making it easier for users to access and interact with decentralized applications and smart contracts


  • ENS operates as a distributed system and uses a decentralized auction system for resolution of domain names


  • Benefits of using ENS include: human-readable names, increased security, better accessibility, expansion options, and decentralized architecture


  • ENS has seen significant growth since its launch in 2017 with increased adoption and integration with decentralized applications and wallets


  • Recent updates to ENS include the "renewal sync" feature, which allows users to synchronize their domain renewals, and several other features such as sweep, bulk renewal, bulk listings, and bulk transfer


  • ENS domains have a growing market and the sale of domain names like "cars.com" for over $800 million shows the potential for significant value in the future.

Overview

Ethereum Name Service (ENS) is a decentralized and open-source technology built on the Ethereum Blockchain. It provides a naming system that allows people to map human-readable names like “myname. eth” to machine-readable identifiers like Ethereum addresses. The purpose of ENS is to simplify accessing and interacting with decentralized applications (dapps) and smart contracts on the Ethereum network. Before the advent of domain services in Web3, machine-readable wallet address names like “fsfds7dduds8” were the only way to search for a particular wallet. 

Introduction

ENS is important to crypto because its use case is more comprehensive than decreased complexity. But also because, unlike the DNS, it is not prone to security breaches. The data on an ENS address is saved on a decentralized Ethereum Blockchain, unlike a centralized system employed by the DNS, making it prone to hacking attacks and various other vulnerabilities. It makes the interaction between the brands and their customer base easier and more transparent. This makes ENS an attractive choice for businesses and enterprises looking to provide their users with security. They will also need professionals with Ethereum training and the necessary skills to help them create their footing in Web3.

What is Ethereum Name Service (ENS)?

Crypto, since its advent, has been using a highly complex system to track and find wallets very similar to the IP address system. It was solved when ENS was introduced. It made sending crypto to any wallet accessible without writing a complete wallet address. It provides a mapping between human-readable domain names and Ethereum addresses. This allows users to replace the long and complex Ethereum addresses with a simple, easy-to-remember domain name.

ENS operates as a distributed system, relying on a network of nodes to resolve domain names and retrieve Ethereum addresses. The resolution of domain names is handled through a decentralized auction system, where the highest bidder is granted the right to use the domain name. Using ENS enables users to easily access decentralized applications, smart contracts, and other services associated with Ethereum addresses. This can improve the overall user experience by reducing the need for lengthy and complex Ethereum addresses. Ethereum name service is changing the Web3, and brands are taking an active part in it. These brands provide people with Blockchain technology training opportunities to work for them.

How Does ENS Work?

ENS consists of two key components: a registry and resolvers. A registry is a smart contract that maintains a mapping of domain names to Ethereum addresses. The resolvers are responsible for resolving domain names to their corresponding Ethereum addresses.

When a user wants to register a domain name, they send a transaction to the smart registry contract with the desired domain name and the Ethereum address they want it to resolve. Once the transaction is confirmed, the registry will store the domain name mapping to the Ethereum address.

Also read: Best Ethereum Development tools to create DAPPS

Benefits of Using ENS

There are multiple benefits associated with using the Ethereum Name Service (ENS), including:

Human-Readable Names 

ENS allows users to map their Ethereum addresses to human-readable domain names (e.g., “myname.eth”). This is a massive upgrade from the previously available method of using a complete Blockchain address to search for a particular address to send crypto. This eliminates the need to remember long and complex Ethereum addresses, often composed of a string of random characters.

Increased Security

Using ENS, users can avoid potential security risks associated with manually entering Ethereum addresses. The chance of getting your data leaked is also meager regarding ENS. the long wallet address also increases the chance of human errors. With ENS, users only need to remember a single, human-readable domain name, reducing the risk of typos or mistakes that could result in the loss of funds.

Better Accessibility

ENS makes it extremely easy to access dapps and other Web3 apps. You don’t have to manually enter the long wallet address whenever you want to connect with an application. All you need to do is use your domain or subdomains depending upon the use case.

Expansion Options

ENS provides expansion options, allowing users to associate additional information, such as content hashes or other data, with their domain names. This enables dApp developers to use ENS to store important information and content on the Ethereum Blockchain.

Decentralized Architecture

ENS is built on the Ethereum Blockchain, which is a decentralized platform. This provides users increased security, reliability, and control, as their domain names and associated information are stored on a secure and decentralized network.

Check out the Best Blockchain technology courses and upskill to start your career in Web3 technologies.

Latest Trends and Milestones in ENS

ENS has seen significant growth since its launch in 2017. In recent years, it has seen increased adoption and integration with various decentralized applications and wallets. The ENS team has also been working on improving the performance and scalability of the system. The number of domains created since its inception reached 2.8 million in 2022 and is still multiplying. 

The Review Sync Feature 

Several new features were introduced to the ENS system, including a sweep feature, bulk renewal, bulk listings, bulk transfer, and renewal sync. The community highly praised all these features, especially the “renewal sync” feature that allows users to sync their multiple ENS domains to renew at set intervals so that all of them expire on the same date. This feature is useful for brands and individuals managing multiple domains and prevents the hassle of renewing the domains separately. 

New Efforts for Fruitful Results 

ENS domains are still in the early stages, and the sale of domains like “cars.com” for more than $800 million shows that there will be a considerable market for domains in the future. With the increasing demand for particular domains, prices for popular domains will increase multiple folds. There will also be a need for professionals who can work to create a bridge between web three domains and their accessibility with different applications to create a smooth functioning system.

Chain is a Blockchain brand that recently partnered with NFL’s New England Patriots, and soon, the domain “patriots.eth” was bought for $75 million. Different brands seek perfect opportunities to invest in their domains and for professionals who can bridge the gap between the web three ecosystem and integrate it with their products to reach a more comprehensive audience range.

Conclusion

ENS plays a crucial role in the Blockchain and crypto world by simplifying the process of accessing decentralized applications and smart contracts. Anyone looking to expand their portfolio will have to upskill and learn about ENS to stay ahead of the competition. ENS is an attractive bet for brands looking to expand their presence in the web three domain; professionals skilled in the field are in high demand.

ENS provides a user-friendly naming system that bridges the gap between human-readable names and machine-readable addresses. This is causing a massive surge in opportunities for professionals and enthusiasts looking to work in the ecosystem. With the growing trend of decentralized technologies and their increasing use cases, ENS is expected to play a significant role in shaping the future of the Blockchain and crypto world. It is still a new sphere. The brands and professionals who start early are poised to grow rapidly while they achieve new milestones.

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FREQUENTLY ASKED QUESTIONS

The Ethereum Name Service (ENS) is a naming system based on the Ethereum Blockchain that maps human-readable names to machine-readable identifiers such as Ethereum addresses, content hashes, and metadata. It works similarly to a phone book that converts an Ethereum address into a human-readable URL and is part of a network of internet protocols.

The ENS aims to convert human-readable addresses like yourname.eth to machine-readable addresses like veryverylongname.hash.you.

The ENS token is the native currency of the Ethereum Name Service (ENS), launched on November 8th, 2021. It is an ERC-20 token with the same characteristics as other cryptocurrencies on Ethereum.

The ENS works by interacting with the Ethereum Blockchain and serving as a distributed, open, and expandable naming system, similar to the role of the DNS.

To get an ENS name, go to app.ens.domains, connect your Metamask wallet and search for an available ENS name. Registering the name for 10+ years is recommended to save on gas fees, though the transaction will cost around 250$ for 20 years.

ENS supports data types such as Ethereum addresses and emails.

It is possible to query the Ethereum Name Service (ENS) using an API endpoint and get a JSON response.

Yes, ENS domains are ERC-721 tokens on the Ethereum Blockchain and use the same token standard as non-fungible tokens (NFTs).

eBay Expands Into Web3 and NFT Space With New Job Openings

February-23 in News, NFT /by

eBay, one of the largest e-commerce sites in the world, is hiring for several Web3 roles focused on KnownOrigin. eBay purchased KnownOrigin in June of last year. It is a non-fungible token (NFT) marketplace. eBay listed jobs on Linkedin that include crypto counsel, head of community, marketing executive, senior product manager, and others. For instance,…

Best VR Games: Reasons to not miss out on a VR Gaming Experience

February-23 in Metaverse /by

Summary:



  • Virtual reality (VR) creates an artificial environment that can be experienced and interacted with by the user.


  • VR gaming transforms virtual reality technology into an immersive gaming experience.


  • Benefits of VR gaming include: an immersive experience, increased physical activity, improved hand-eye coordination, and social interaction.


  • Top virtual reality games include Beat Saber, Superhot VR, and The Walking Dead: Saints & Sinners.


  • VR games provide a unique, immersive experience by allowing players to interact with digital environments physically.


  • Several factors, including compatibility of VR headset and user reviews, must be considered before buying a VR game.

Are you ready to enter a world where you can physically interact with digital environments, explore new realms, and immerse yourself in truly unforgettable gaming experiences? If the answer is yes, then you’re ready for the world of virtual reality games. With over 171 million VR users worldwide, VR gaming has already taken the world by storm. But do you know what exactly a truly immersive VR gaming experience is?

Virtual reality is a cutting-edge technology that creates an artificial environment that can be experienced and interacted with by the user. It’s like stepping into a different world, limited only by the creator’s imagination. And VR gaming transforms this technology into an experience like no other.

In this article, we take you to the exciting world of VR gaming. We will tell you the key benefits of VR gaming and showcase some of the top VR games that are turning heads. Whether you’re a seasoned gamer or just starting out, this article will give you an overview of what virtual reality gaming offers and why it’s an experience you won’t want to miss. So, get ready to enter a new gaming realm, and let’s get started!

Also Read: Why Is VR Important In The Metaverse?

Benefits of VR gaming

Imagine stepping into a completely artificial world where you can look around, interact with objects, and actually feel like you’re inside the game. That’s exactly what VR gaming provides. The world of VR gaming brings numerous benefits. Let’s have a look at some benefits that virtual gaming offers:

1. Immersive experience

Virtual Reality (VR) gaming offers players a truly unique and immersive experience. The goal of VR gaming systems is to let users believe they inhabit a virtual world. With a VR headset on, you’ll see a 360-degree view of the virtual environment. You can move around, duck, jump, or even fly in real time as if you were actually there.

Let’s take the example of “The Walking Dead: Saints & Sinners,” a VR game that drops you into the zombie-infested streets of New Orleans. With a VR headset on, you’ll be able to duck behind objects and shoot your enemies with motion-controlled weapons. You can even reach out and interact with objects like doors and drawers. This virtual reality game creates an adrenaline-fueled and highly immersive experience that’s truly unique to the VR gaming experience.

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2. Increased physical activity

The virtual Reality gaming experience can be a great way to get your body moving and increase physical activity. Unlike traditional gaming, where you sit in front of a screen, VR gaming requires you to use your entire body. For example, if you’re playing a VR boxing game, you’ll need to physically throw punches and dodge incoming ones, just like a real-life boxer.

Researchers have demonstrated that fully immersive VR gaming can reduce pain scores as a distraction, increase knowledge retention as an educational method, and improve cardiovascular parameters as a method of exercise.

3. Improved hand-eye coordination

Virtual Reality gaming can be a great way to improve hand-eye coordination. In a VR gaming experience, you have to use your eyes and hands to see and interact with objects in the virtual world. For example, if you’re playing a VR shooter game, you’ll need to track enemies with your eyes, aim and shoot at targets with a virtual gun. It can help improve your hand-eye coordination. Further, using virtual reality games as a tool for hand-eye and full-body coordination makes training entertaining and doesn’t get boring.

Also Read: 3D Modeling Career Pathways

4. Social interaction

Virtual reality gaming has the potential to make social interactions much better by letting people feel more immersed and present in the virtual world. Several studies have shown that VR conversations can get people almost as emotionally involved as face-to-face conversations. This suggests that VR is a better way to connect with other people than other tech-based social interactions.

Social VR games let users meet and talk to other players in virtual environments. For example, VR games like “Rec Room” allow players to engage in activities like paintball and dodgeball together. Meanwhile, games like “Minecraft VR” allow players to come together and build as well as explore virtual worlds.

Now you can seamlessly become a virtual reality expert and gain deep insights of this emerging industry. Enroll for the virtual reality certification by Global Tech Council and become a certified virtual reality developer without any hassle. Our VR certification and virtual reality courses will help you gain valuable insights.

Top VR games

1. Beat Saber

Beat Saber is a rhythm game in the world of virtual reality. Through an electrifying VR gaming experience, Beat Saber lets players slash their way through a virtual landscape with two lightsabers. With different levels, different music plays in the background. The objective of the game is to slice through colorful blocks that come flying at you, following the rhythm of the music. The blocks represent different musical elements, and the player must slash them in the right direction. The players have to use the right-hand saber for blue blocks and the left-hand saber for red blocks.

2. Superhot VR

Superhot VR is one of the most popular VR action games. In this virtual reality game, players play the role of a time-manipulating assassin. But the catch is time moves in this VR gaming experience only when the player moves. This gives players the ability to take their time and plan out each move. The game features fast-paced action that gets you more and more engaged with each increasing level. Players can use a variety of weapons, from pistols to katanas, to take out enemies and solve puzzles in real time.

3. Half-Life: Alyx

Half-Life: Alyx is the fifth installment in the Half-Life virtual reality gaming series. It is set before the events of Half-Life 2. In Half-Life: Alyx, you play as Alyx Vance, a member of a resistance group fighting against the alien combined empire. The game features a variety of weapons. Each comes with its own unique feel and capabilities. You will have to retrieve a critical piece of technology that decides the fate of war. You will also have to use strategy to take down enemies. The enemy AI is also quite advanced, making combat both challenging and engaging.

Also Read: Metaverse Vs. Virtual Reality: A Detailed Comparison

4. The Walking Dead: Saints & Sinners

The Walking Dead: Saints & Sinners is a virtual reality game that is based on the popular comic book series, “The Walking Dead.” In this VR gaming experience, you play as a survivor in the aftermath of a zombie apocalypse. You must navigate through the city, scavenging for resources and supplies while also fighting off hordes of zombies.

This VR game allows players to make moral choices that impact the outcome of the story. For example, you may come across a group of survivors in need of help, but you may also be faced with the decision to risk your own safety in order to help them. The choices you make throughout the game will contribute to building the world around you.

5. Arizona Sunshine

Arizona Sunshine is a virtual reality first-person shooter game.The game takes place in a world after the end of the world, where zombies have taken over. To stay alive, players must fight their way through hordes of zombies. The gameplay itself is fast-paced and challenging. Players can use a variety of motion-controlled weapons to take down zombies. This VR game also features both a single-player campaign and multiplayer modes. The multiplayer mode is particularly fun, as players can team up with friends to take on the zombie horde together.

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Considerations when purchasing VR games

Best VR Headsets

1. Compatible VR headset

Virtual reality gaming is turning heads in today’s world. However, not all VR headsets are created equal. Choosing the right one is crucial to fully enjoy the VR gaming experience.

When considering a VR headset, compatibility is a key factor. A compatible virtual reality headset will not only offer a seamless experience, but it will also ensure that you can play all of your favorite VR games without any issues. Some VR headsets are designed to work exclusively with certain gaming systems.

For instance, the PlayStation VR only works with the PlayStation 4 or 5. If your hardware doesn’t meet the minimum requirements for the VR headset, you might experience lag while trying to enjoy your favorite virtual reality gaming experience.

2. Game graphics and performance

When purchasing virtual reality games, considering the graphics and performance is important. Graphics play a crucial role in determining the overall game performance and the immersive virtual reality gaming experience.

If the graphics and game performance are not good enough, it can take you away from the overall enjoyment of the game. Games with poor graphics and performance may have issues such as objects appearing cut off or having low resolution. This can also cause discomfort in a player’s physical health, such as motion sickness.

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3. Price

When purchasing a virtual reality game, considering the price is an important factor for several reasons. VR games can be quite expensive compared to traditional games. Furthermore, VR games are rapidly advancing, and new games are being released all the time.

This means that the virtual reality games you purchase today may become outdated within a few months or years. Therefore, you must consider if the price of a VR game is worth it compared to the virtual reality gaming experience that it will give you.

4. User reviews

User reviews can provide valuable insights when you are considering purchasing a VR game. User reviews can offer a firsthand account of the gameplay experience, graphics, and overall enjoyment of the game. This information can help you make a more informed decision about whether or not the VR game is right for you.

For example, some users may mention that the controls are difficult to master, while others may praise the intuitive design. These reviews can also highlight any technical issues, such as bugs or glitches, that may affect the overall enjoyment of the game.

Conclusion

Virtual reality gaming has come a long way in recent years. With its ability to provide a fully immersive experience and innovative gameplay, VR gaming has become a favorite among gamers everywhere.

In this article, we highlighted some of the key benefits of VR gaming. We also showcased some of the top VR games that offer thrilling experiences, from the high-energy beat slashing in “Beat Saber” to the survival horror in “The Walking Dead.”

Every year, VR manufacturers ship more than 5 million VR and AR headsets. And the numbers are increasing every year. With the VR gaming market expected to reach $53.44 billion in 2028, we can say the future is VR, and it is now!

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February-23 in News /by

Paima Studios Ltd, a Japanese firm specializing in the design of NFT games, has announced its participation in the global “Microsoft for Startups” program. Paima Studios is a GameFi project focused on Cardano and Milkomeda. The collaboration aims to accelerate the growth of startups by providing them with unique and innovative technological solutions. It will…

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February-23 in News /by

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February-23 in News /by

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February-23 in News /by

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Japan Embraces the Metaverse for Recruiting

January-23 in News /by

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