The Ethereum Name Service (ENS), launched in 2017, is the most popular and widely used blockchain naming system, and 1inch is now making a move to compete with the brand. Following reports, ENS got over 600,000 names registered among over 269,000 unique owners in 2021 and over 400 integrations in several platforms.
ENS runs a decentralized system that allows users to manage their domain, making it very secure. In addition, the centralized system enables transactions to occur without passing through complex addresses.
The DNS has remained unmatched in the Web3 ecosystem for a long time, but that’s about to change. 1inch network announced news of its collaboration with Unstoppable Domains, an NFT domain name provider, on October 4.
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