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Ethereum Name Service has officially launched ENS, the protocol’s governance token. A quarter of the entire ENS supply was made available to .eth domain Trading bots Leading domain service Ethereum Name Service (ENS) announced on Nov 02 that it’s now transitioning into a decentralized autonomous organization (DAO), facilitated The Ethereum Name Service (ENS) announced that it would revolve around a decentralized governance model. This decision opened the door to the formation of a TL;DR: The Ethereum Name Service (ENS) falls short of being truly decentralized and aligned with Web3 principles. With only 25% of governance tokens distributed to the community, core Ethereum Name Service (ENS) has achieved decentralized governance, according to a message from the project’s creator on Dec. 14. ENS is a naming system for the On November 10, Ethereum Domain Name Service (ENS) began licensing the DAO to widely distribute its ENS governance tokens. Unlike many crypto /Web3 projects, ENS does not After being elected a DAO delegate for the Ethereum Naming Service (ENS), the U.S. crypto exchange Coinbase has submitted its first protocol vote. A DAO delegate is an Ethereum Name Service, or ENS, calls itself “an open public utility that belongs to the community.” Today, that vision started coming into focus as the project is in the

Ethereum Name Service (ENS) Goes DAO: Coinbase to Help Govern

The Ethereum Name Service (ENS) is taking a significant step towards true decentralization! ENS, calling itself “an open public utility that belongs to the community,” is now transitioning into a decentralized autonomous organization (DAO). This move means governance of the ENS protocol will be handed over to the community, marking a pivotal moment in the project's evolution.

Ethereum Name Service has officially launched ENS, the protocol’s governance token. On November 10, Ethereum Domain Name Service (ENS) began licensing the DAO to widely distribute its ENS governance tokens. A quarter of the entire ENS supply was made available to .eth domain holders, empowering them to shape the future of ENS.

Coinbase Takes a Seat at the Table

After being elected a DAO delegate for the Ethereum Naming Service (ENS), the U.S. crypto exchange Coinbase has submitted its first protocol vote. This highlights the growing influence of major players in the Web3 space in guiding the direction of ENS. A DAO delegate is an important role in the ENS governance process.

Decentralized Governance Achieved

Core Ethereum Name Service (ENS) has achieved decentralized governance, according to a message from the project’s creator on Dec. 14. The Ethereum Name Service (ENS) announced that it would revolve around a decentralized governance model. ENS is a naming system for the Ethereum blockchain, making it easier to interact with wallets and decentralized applications.

The Vision of a Community-Owned Utility

ENS aims to be more than just a domain service; it aspires to be an open, public utility managed by its community. Leading domain service Ethereum Name Service (ENS) announced on Nov 02 that it’s now transitioning into a decentralized autonomous organization (DAO), facilitated by the ENS governance token.

TL;DR: The Ethereum Name Service (ENS) is striving towards a truly decentralized model by empowering its community through DAO governance. While some argue The Ethereum Name Service (ENS) falls short of being truly decentralized and aligned with Web3 principles. With only 25% of governance tokens distributed to the community, progress is undeniable. The involvement of companies like Coinbase signals increased adoption and investment in the future of ENS. Unlike many crypto /Web3 projects, ENS does not rely solely on a central team for decision-making. Expect to see more community-driven initiatives and impactful decisions as the DAO matures. Trading bots are also active in the ENS ecosystem, reflecting the demand for .eth domains and the potential for speculation and investment.

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