Categories: Blockchain

Ethereum Name Service Announces New Points System

The Ethereum Name Service (ENS), a popular blockchain-based domain name provider, has announced a new “ENS Points System” today. This system assigns points to each .eth domain name based on a proprietary algorithm that considers factors like registration data and account activity.

According to the announcement, each .eth domain name has been assigned a point value based on a proprietary algorithm. This algorithm factors in  registration data, account activity, and “much more,” though the specifics remain undisclosed.

This points system injects a layer of gamification into ENS domain ownership. The potential benefits and purpose of these points are not yet fully explained by ENS. However, it could indicate a future loyalty program with rewards for high-scoring domains, or a way to prioritize certain domains in search results.
Terron Gold

Recent Posts

Candy Digital Announces Migration to Solana as NFT Platform Repositions for Long Term Growth

NFT platform Candy Digital has announced plans to migrate its digital collectibles ecosystem to the Solana blockchain, signaling…

7 hours ago

US Military Runs Bitcoin Node for National Security Testing, Admiral Tells Congress

The U.S. military has confirmed it is actively running a Bitcoin node as part of national security research, while…

7 hours ago

Over 90% of Web3 Games Failed After $15 Billion Boom as Players Never Showed Up

The Web3 gaming sector is facing a harsh reality check as new data reveals that more…

9 hours ago

Justin Sun Sues Trump Linked World Liberty Financial Over Frozen Crypto Assets

Justin Sun, founder of TRON, has filed a federal lawsuit against World Liberty Financial, a crypto venture…

11 hours ago

Tether Freezes $344 Million in USDT on Tron After Wallets Flagged by U.S. Authorities

Tether has frozen approximately $344 million in USDT on the Tron blockchain after the wallets were flagged by U.S. authorities, marking…

11 hours ago

Kalshi Fines and Suspends Three Congressional Candidates for Betting on Their Own Elections

Prediction market platform Kalshi has fined and suspended three U.S. congressional candidates after determining they engaged in “political…

12 hours ago