Ethereum community has solved a major problem of the Internet: Single Sign-On

Re:Ethereum community has solved a major problem of the Inte... by cors-fls on Friday June 11, 2021 @07:24PM (#27479725)

This ENS thing could be interesting. It makes it possible to have a distributed identity. If only if Ethereum was not overinflated.

As a result, reserving a name on ENS costs 120$ a year. Few people would be ready to pay that to get a username.

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Re:Ethereum community has solved a major problem of the Inte... by bcmillegan on Friday June 11, 2021 @08:33PM (#27480179)

It does not cost $120/yr. ENS protocol fees are: - unlimited subdomains, free - importing DNS name into ENS, free - for .eth names, based on length: 3 characters, $640/yr; 4 ch, $160/yr; +5 ch, $5/yr

For .eth names, you can pay ahead as many years as you want, so you can pay once and forget it about it.

The you likely got to $120 is that there is also Ethereum network gas fees to pay to registration a name. That's a one time thing and fluctuates a lot. Since you can register for many years at a time, you can pay the gas fee once and get the name for many years. We're also working on putting parts of ENS on L2s to cut down on gas fees dramatically.

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Re:Ethereum community has solved a major problem of the Inte... by anaganisk on Saturday June 12, 2021 @04:26AM (#27482724)

Realistically avg joe, would at max pay for 5 years. After that? Gas is just unpredictable, with un-controlled inflation. I just don't want to loose my logins because Elon Musk tweeted some BS

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