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What is Ethereum Name Service (ENS): The Beginner Guide?



Cryptocurrency is still in the IP address phase, which means that users must enter long, difficult-to-remember addresses to access the services they require. This is where the Ethereum Name Service enters the picture. It aspires to make crypto as simple to use as surfing the web.

What is the Ethereum Name Service (ENS) and how does it work?

The Ethereum Name Service (ENS) is essentially a lookup mechanism. It connects data to a person’s name. It’s not just a naming service for Ethereum; it’s an Ethereum-based naming service. It provides a decentralized and safe means to address resources with human-readable names. It’s a completely decentralized domain name service that lets anyone to buy and control domains, thus instead of sending ETH or ERC20 tokens to “8e866f012fb8fb…”, you might send them to “readablewallet.eth.”

Who created ENS?

The Ethereum Foundation’s Nick Johnson and Alex Van de Sande directed the early development of the ENS.

What makes it so unique?

ENS is based on Ethereum’s smart contracts, which make it more secure, private, and censorship-resistant than the Internet’s Domain Name Service (DNS). The ENS team considers internet naming infrastructure to be a critical component that should be open, decentralized, community-driven, and non-profit.

What else stands out?

Unlike some of its competitors, the ENS does not intend to replace DNS. While Namecoin, Blockstack, and Handshake are attempting to replace DNS, the ENS focuses first and foremost on offering distributed, trustworthy name resolution for Web3 resources such as blockchain addresses and distributed content.

Users will receive an airdrop

The Ethereum Name Service is giving away 25% of the total supply to “.ETH” domain holders as an airdrop. The allocation is based on the entire time an address has been registered in the past and will be registered in the future as of October 31st, 2021, and users who are qualified can claim the tokens until May 4th, 2022.

Visit the Ethereum Name Service airdrop claim page for a step-by-step guide.

Connect your Ethereum (ETH) wallet.

If you qualify, you will be able to receive free ENS tokens.

A total of 25% of the entire supply has been set aside for qualified users.

The airdrop is open to everyone who is or has been a registrant of a “.ETH” second-level domain as of the snapshot date.

The total duration of upcoming registrations is limited to eight years. It is important to note that the retroactive airdrop is per account, not per name. This means that for a particular day, each address is considered based on whether it has at least one.ETH name.

The airdrop also includes a 2x multiplier for Ethereum accounts who have set their Primary ENS Name (previously known as Reverse Record) because this is a sign of activity for the user.

The entire number of $ENS tokens will be 100 million, with the following distribution:

.ETH holders (>137k accounts) will receive a 25% airdrop.

ENS contributors (>100 individuals and groups, plus hundreds of Discord users) will receive 25%.

50% will be given to the DAO community’s treasury.

The airdrop formula is approximately as follows:

0.27 * (number of days the account has at least one ENS name)


0.062 * (number of days until the last name on the account expires)

If the account also has a Primary ENS Name, the total is multiplied by two.

Within the ENS

ENS is made up of two smart contracts behind the hood. The ENS registry keeps track of all domains and subdomains, as well as the owner’s information and a link to the Resolver, a smart contract that performs name-to-address or other resource transfers and vice versa.

ENS works in a similar way to the DNS on the Internet, with a  hierarchical structure that gives the domain owner complete control of all subdomains.

What steps do you need to take to get your own ENS domain?

You can use an Ethereum wallet like MetaMask to look for available domain names at . After you’ve selected your domain, the system will guide you through the registration process, which will need you to confirm two transactions from your wallet. You’ll also have to decide how long you want to register a domain for, with a rental fee of $5.00 each year. As the domain owner, you can now configure the various addresses or information that you wish that name to link to, and also any subdomains.

What can ENS be used for?

Replacing your long, unreadable Ethereum address with a nice, memorable ENS address like readablewallet.eth is the best thing you can do with ENS. This enables receiving crypto assets and entering your ENS address into Ethereum dapps much easier without having to copy and paste the fairly long public address.

The Future of ENS

The ENS of the Future is more than just.eth. That is just one top-level domain, and the ENS intends to integrate the entire DNS namespace–more than 1,300 top-level domains–so that DNS site owners can claim usage of their domain name on ENS. Not just.eth, as well. Thus, can be linked to readablewallet.eth, allowing visitors to access content while also sending money to the same address.

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What is Baby AGI: A Comprehensive Guide For Beginners




Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

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What is Wrapped?




red and white gift box with ribbon bow

Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

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What is Wash Trading?




Free person in washing machine

Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.