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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.
NEM (XEM) is a blockchain platform designed for enterprise solutions, focusing on security, speed, and scalability. It employs a unique consensus mechanism called Proof-of-Importance (PoI), which incentivizes active participation in the network and rewards users based on their overall contribution to the ecosystem.