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TürkçeEthereum Name Service VS Core
VS
Ethereum Name Service
Ethereum Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain, aiming to simplify the complex world of cryptocurrency. By providing human-readable names for blockchain addresses and resources, ENS enhances user experience, making interactions more intuitive. Its growing adoption underscores the increasing demand for user-friendly solutions in the rapidly evolving decentralized ecosystem.
more informationCore
Core has emerged as a notable player in the cryptocurrency space, drawing attention for its innovative approach to blockchain technology. Its emphasis on security and scalability addresses some of the common challenges faced by earlier blockchain systems. With a strong development team and growing community support, Core is positioning itself as a promising asset in the digital currency market.
more information
Ethereum Name Service
Core
General Information |
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Title
Ethereum Name Service
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Title
Core
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Symbol
ens
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Symbol
core
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Whitepaper
-
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Whitepaper
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Website
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Website
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Community
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Community
-
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Last Updated
2025-02-01 23:55
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Last Updated
2025-02-01 23:56
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Price Data |
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Current Price $
31.42
$
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Current Price $
0.665528
$
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High 24h
34.96
$
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High 24h
0.73589
$
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Low 24h
31.18
$
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Low 24h
0.659008
$
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Price Change 24h
-2.6282390518024
$
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Price Change 24h
-0.058186741710577
$
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Price Change % 24h
-7.71968
%
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Price Change % 24h
-8.04001
%
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Market Data |
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Market Cap
1043793764
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Market Cap
625911458
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Total Volume
74345673
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Total Volume
29350790
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Market Cap Change 24h
-85221301.714105
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Market Cap Change 24h
-52672842.077502
|
|
Market Cap Change % 24h
-7.54829
%
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Market Cap Change % 24h
-7.76217
%
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|
Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
33165585.054508
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Circulating Supply
937860752.80214
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Total Supply
100000000
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Total Supply
2100000000
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Max Supply
100000000
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Max Supply
2100000000
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Historical Data |
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All Time High (ATH)
83.4
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All Time High (ATH)
6.14
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ATH Change %
-62.38938
%
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ATH Change %
-89.20689
%
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ATH Date
2021-11-11 02:20
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ATH Date
2023-02-08 12:55
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All Time Low (ATL)
6.69
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All Time Low (ATL)
0.334237
|
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ATL Change %
368.80488
%
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ATL Change %
98.3888
%
|
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ATL Date
2023-10-19 02:35
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ATL Date
2023-11-03 01:20
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Ethereum Name Service
Introduction to Ethereum Name Service
The Ethereum Name Service (ENS) has revolutionized the way we interact with blockchain addresses, aiming to simplify the user experience by replacing daunting alphanumeric addresses with human-readable names. ENS, represented by the symbol ENS, facilitates a foundational layer that could drive the next wave of blockchain adoption. But what exactly does ENS offer, and how has it evolved over time?
Core Functionality and Benefits of ENS
At its core, the Ethereum Name Service is designed to map user-friendly names to Ethereum addresses, making transactions more intuitive. This is akin to the Domain Name System (DNS) used for internet domain names. Instead of dealing with long and cryptic Ethereum addresses, users can simply use a name like “alice.eth” to perform transactions.
One of the primary advantages of ENS is improved user experience—ensuring that less technical users can participate in the blockchain ecosystem without friction. Additionally, ENS enhances security by reducing the likelihood of human error when copying and pasting addresses, thereby offering a significant reduction in mistaken transactions.
Historical Performance and Market Position
Since its inception, ENS has experienced a dynamic price journey. The coin hit its all-time high of $83.4 on November 11, 2021, marking a significant milestone. However, like many cryptocurrencies, ENS also faced volatility and currently trades around $17.44, reflecting a significant decrease from its peak. Despite the fluctuations, ENS maintains a substantial market presence with a market cap of approximately $578 million.
On the lower end, ENS reached an all-time low of $6.69 in October 2023, demonstrating the dramatic peaks and troughs common in the crypto markets. The current price represents a considerable rise from this low point, indicating a robust recovery phase.
Potential Drawbacks of ENS
Despite its innovative approach, ENS is not without its challenges. As with many blockchain technologies, the user adoption rate is closely tied to the broader understanding and acceptance of blockchain technology itself. Another limitation includes the dependency on the Ethereum network, which may lead to bottlenecks or high transaction fees, particularly during periods of network congestion.
Furthermore, the competition is fierce as various systems and protocols aim to provide similar services. Thus, ENS must continue to innovate and adapt to maintain its market leadership and relevance in this rapidly evolving sector.
Future Prospects for Ethereum Name Service
The future of ENS looks promising, especially considering the potential expansion of blockchain applications into mainstream use. As the ecosystem matures, ENS could become a critical infrastructure component, enabling seamless interaction with decentralized applications.
Given the current trajectory towards a decentralized internet, or Web 3.0, ENS is strategically positioned to play a pivotal role. If ENS can manage to overcome its challenges and continuously improve its system, it could see increased adoption and potentially a rise in its value. As more industries recognize the benefits of blockchain technology, the demand for simpler ways to interact with these systems is likely to grow, favoring solutions like ENS.
Conclusion
The Ethereum Name Service offers a much-needed solution to a vital problem in the cryptocurrency world: usability. By making blockchain interaction more intuitive, ENS stands to foster broader adoption of digital currencies and technologies. While past volatility has impacted its market price, the underlying utility of ENS positions it as a promising asset in the burgeoning field of blockchain technology. As the adoption of blockchain technology expands, so too might the relevance and potential value of ENS.
Core
Introduction to Core Coin
Core Coin is an intriguing player in the digital currency space, offering unique attributes and a promising roadmap. Known by its symbol 'CORE', it has attracted attention for its specific use cases and community-driven development approach. As of the latest data, it trades at approximately $0.91, with a market capitalization of over $837 million.
Historical Development and Performance
Core Coin has had a turbulent journey since its inception. It reached an all-time high (ATH) of $6.14 in February 2023, a significant milestone that reflected its initial hype and investor confidence. This peak was followed by a substantial correction, evidenced by its significant decline of about 85% from the ATH. This volatility is not uncommon in the cryptocurrency landscape, where speculative trading often leads to sharp price swings.
Conversely, the coin's all-time low (ATL) of $0.33, recorded in November 2023, shows its resilience, as it has since gained over 173% from that point. These statistics highlight the unpredictable nature of cryptocurrency markets and the potential for recovery after downturns.
Pros of Investing in Core Coin
Core Coin presents several advantages for investors. Firstly, its capped maximum supply of 2.1 billion coins helps mitigate the risk of inflation, a concern prevalent in fiat currency systems. This scarcity can be appealing for long-term investors seeking deflationary assets. Additionally, Core has a dedicated community and development team focused on enhancing the ecosystem, fostering innovation, and ensuring security.
The coin's adaptability through ongoing updates and improvements makes it a contender in the rapidly evolving crypto environment. This adaptability could potentially drive its adoption across various sectors, providing real-world utility and value.
Cons and Considerations
On the flip side, investing in Core Coin carries its share of risks. One notable drawback is its price volatility, which can be a double-edged sword. While offering the potential for substantial gains, it also increases the risk of significant losses, making it unsuitable for risk-averse investors.
Another challenge is the competitive nature of the cryptocurrency market, with thousands of coins vying for attention. This competition necessitates continuous development and community engagement, which can be resource-intensive and challenging to sustain over time.
Future Prospects
Looking ahead, Core Coin's future hinges on broader cryptocurrency market trends, technological advancements, and its ability to carve niche use cases that differentiate it from competitors. The commitment of its community and developers to continuous innovation could serve as a strong foundation for future growth.
If Core Coin can successfully expand its utility and partnerships, it may not only stabilize its price but also rekindle investor interest. However, potential investors should remain vigilant and conduct thorough analysis, as the crypto market's dynamics can change rapidly.
Conclusion
Conclusively, Core Coin is a fascinating cryptocurrency with a distinctive set of strengths and challenges. Its journey thus far underscores the volatility and potential inherent in digital assets. While it offers promising aspects, like capped supply and active development, it is essential for investors to weigh these against the inherent risks and keep a close eye on market developments.