So you’ve heard about the ENS launch and want to buy a .eth domain for yourself?Here’s what you need to know.ENS eliminates the need to copy — and worse, type — long hexadecimal addresses.With ENS, you’ll be able to send money to your friend at ‘aardvark.eth’ instead of ‘0x4cbe58c50480…’, interact with your favorite contract at ‘mycontract.eth’, or visit a Swarm-hosted site at ‘swarmsite.eth’.Once you own an ENS domain, you can point it to whatever resources you choose, as well as creating subdomains and assigning them as you wish.ENS is an entirely decentralised system.Handing out new domains under the “.eth” top-level-domain (eg, ‘yourname.eth’) is handled by an auction process that runs on the Ethereum blockchain, and anyone can participate in the auction process to reserve a domain for themselves.New names are allocated using an auction process based on a “Vickery auction”.Auctions proceed in three stages:Once someone wins an auction, the name is theirs for at least the duration of the initial registrar.

After holding the name for at least a year, however, they can choose to release the name and recover the entire amount of their deposit.Not all names in ENS are available immediately for bidding.In order to provide ample time for finding and fixing any bugs as the system scales up, and to prevent a massive land rush on day 1, names are being released for auction on a gradual basis over 8 weeks.Every possible name becomes available at a random time during that period.You can find out when the name you want becomes available by entering it into one of the apps described below.In addition, only names that are seven characters or longer may be registered at the present time.This is done in order to make sure that the highly valuable short names are only made available once the system has gained enough attention to ensure they get bid on fairly, and not all grabbed by early movers intending to resell them.There are now several user-friendly interfaces for buying ENS domains:Remember that any time you place a bid, you must reveal it during the 48 hour reveal period, or you will lose the entire bid.

Revealing requires access to your account/private key, and additional information as well.When using the official app, this information is stored in your browser’s local storage, and can be backed up to a JSON file.MEW provides you with the information and expects you to take a screenshot and reenter it when revealing, while ETHTools’ solution stores the information for you on the server side.It’s critical that you make sure you safely back up your bid information if your solution-of-choice requires you to do this; otherwise you will be unable to reveal your bid when the time comes, and lose the entire amount of your bid.Codetract provide an excellent dashboard for tracking the process of ENS and seeing metrics on bids and auctions.Etherscan provides tools for looking up domains and auctions, and seeing the latest auction activity.The official ENS site has more information on ENS, and the documentation provides resources for developers and an FAQ.bitcoin mining windows 7 nvidia

Countdown to Ethereum Name Service (ENS)!(ens.codetract.io)submitted by π Rendered by PID 13251 on app-362 at 2017-06-24 11:33:16.599670+00:00 running 3522178 country code: SG.We’re a week in to the ENS launch — time to stop and take stock.How has the launch gone so far?About 12% of possible names are now available for auction.There have been over 17,600 auctions started so far, with over 7,500 bids from 1,100 bidders.bitcoin купить qiwiThe number of bids is lower than the number of auctions due to the official registrar DApp’s practice of opening multiple auctions for each bid in order to disguise which name a user is really bidding on.3,278 bids have been revealed so far, and 463 names registered.Price wise, activity has been… brisk.php bitcoin trading scriptThe highest bid so far is an astonishing 29,500 ether — over 2.6 million USD at current prices.litecoin market capitalization

That bid hasn’t yet been revealed, so we don’t know what name it is for.The highest bid revealed so far has been 6,660 ETH — about $600,000 on the name exchange.eth.At present it looks like the final price for that auction will be 1,103 ether — about $100,000, though the auction still has a few hours left to run.The most expensive names whose auctions have already finished were:In total, over 100k ether is currently locked up in bids, with only 712 ether in finalised names.bitcoin difficulty speedThis discrepancy is largely due to the fact that only the first two days’ of auctions have ended, while another 5 days of auctions continue to run.By analysing finished auctions, however, we can determine that the sum of all bids for finalised auctions so far comes to 5076 ether, meaning that for every ether paid by the winner, about 7 ether was bid.It’s a mistake to focus on just the high-value auctions, however; of the 463 names registered so far, over 70% were registered for the minimum price of 0.01 ether.Once we take into account whether a name was in the big list of names the Dapp and Etherscan use, the picture becomes clearer.buy a litecoin mining rig

38% of registered names are in the list, but 94% of the ether was deposited on those names.If you bid on a name not in the list, your chances of getting it for the minimum of 0.01 ether is over 90%, but your odds go down to 41% bidding on names in the list.The mean value of a name in the list is 3.78 ether, while the mean of a name not in the list is only 0.14 ether.The result is pretty clear: names not in the list tend to be very affordable, but if you’re bidding on a name in the list, prepare yourself for a battle.bitcoin kurs 10 jahreThis isn’t terribly surprising, since names in the list have a lot more visibility in the DApp, on Etherscan, and being tweeted by @EnsBot, but it’s good to have confirmation as to the size of the discrepancy.Aside from registrar.ens.domains, week 1 saw two other registration sites launch, MEW and ETHTools.bitcoin end poverty

Etherscan is now offering comprehensive insight and lookup tools for ENS names, auctions, and bids, while codetract offer a great dashboard from which some of the above statistics were drawn.A couple of bugs surfaced in the registration DApp which caused delays to peoples’ ability to register names; these have since been fixed.In addition, usability issues were identified that have led to a couple of users losing access to their bids for the reveal period; the app has been extended to encourage people to back up bids as soon as they’ve been made to prevent this from happening again.Launch day adoption is good, though with a long way to go.paul singer bitcoinBesides support in Etherscan, Metamask supports sending funds to ENS addresses already, with support in My Ether Wallet, Mist, Status.im and LEth on the way.Check back this time next week for updated stats — and the extra week will give us a lot more information to work with.