Ethereum Name Service: An Essential Web3 Building Block

Networks come in all shapes and sizes. Integral to the rapid rise of the internet, interconnected computer networks have sparked a Cambrian explosion of entrepreneurial explorations. Therefore, it comes as no surprise that entire industries have originated from this network of networks.

The platforms spearheading these industries have extracted value of seismic proportions by cultivating colossal user networks that they have fed on in their role as central intermediaries. The blitzscaling efforts that have been channeled into producing these entrenched monopolies have largely been enabled by the essential groundwork laid by the Domain Name System (DNS). Through the mechanism of converting IP addresses into easily intelligible domain names, it has ushered in an era of accelerated mass adoption of the internet by promoting a more user-friendly environment.