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Ethereum Name Service (ENS) is a decentralized domain name service built on the Ethereum blockchain, allowing users to register human-readable domain names that can be linked to cryptocurrency addresses, smart contracts, and other digital assets. ENS simplifies the process of sending and receiving cryptocurrencies by replacing complex hexadecimal addresses with easy-to-remember names.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.