Multicoin Support Now Added to the .ETH Ethereum Naming Service (ENS)

The distributed naming system, Ethereum Name Service (ENS), has announced the launch of it's new multicoin support. Fifteen cryptocurrencies have already planned on taking part in this new venture.

Currently, ENS’s UI can only support Ether, Ethereum Classic, Litecoin and Bitcoin addresses, but not even all of the encodings. However, the official Medium post promises that it won’t remain the case for long. They will be expanding their functionality through the coming weeks to incorporate an array of new features.

We are pleased to announce multi-coin support has launched on mainnet, and 15 wallets have already committed to supporting it!

This makes your ENS name far more useful and brings us closer the day you'll never have to deal with a crypto address again

–> https://t.co/HApIreBmOy

— Ethereum Name Service | ens.eth (@ensdomains) October 16, 2019

ENS is going all out, with a vast array of new wallets promised to integrate into the feature. Names like Coinbase Wallet, Bitcoin.com, D’CENT wallet, Trustwallet, imToken, Opera, Mycrypto, Portis, Atomic Wallet, Haven, Coin Request, Squarelink, Enjine, Wyre, and Dexwallet. It’s a mouthful, but excellent news for Ethereum as a whole. It’s slowly proving itself to be a very powerful rival and may remove the concept of “altcoin” from the market if they play their cards right.

To .ETH and Beyond

The Ethereum Name Service is planning on doing far more than make you a one-stop wallet solution. They’re planning on integrating the DNS namespace in order to facilitate addresses such as .com, .org, and many others.

For some domains, the function has already been implemented. Things like .xyz, .luxe, .kred, and .art have all been implements as per the announcement. ENS has made its intents clear in trying to gain support for all DNSSEC-enabled, top-level domain names. They want to do this in the near future.

Trouble In Paradise

Back in the first of October, ENS has actually run into a bit of a bump in the road. Their auctions were forced to grind to a halt due to a bug that enabled domain names to be awarded to the incorrect users. Not only that, but for lower bids than were actually made.

A hacker capitalized on this, stealing a whopping 17 domain names before ENS managed to shut down the auction. ENS made a large statement commending and thanking the hacker for pointing out the exploit and asked, very politely, if they would return it.

They actually did, with a 25% share on the auction price, of course.