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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.
VeThor Token (VTHO) is a utility token that serves as the operational currency within the VeChainThor blockchain ecosystem. It is primarily used to pay for transaction fees and to facilitate the execution of smart contracts on the platform, making it essential for users engaging with the VeChain network.