Is Ethereum Name Service (ENS) Halal or Haram?
Shariah compliance review of Ethereum Name Service (ENS) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Ethereum Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain. It allows users to purchase human-readable names like "bob.eth" and link them to various identifiers, including addresses, content hashes, and metadata. Ethereum Name Service appears to be in accordance with Shariah principles.
Staking verdict: Non-Comfortable
ENS is a ERC-20 token, which has no consensus protocol. Therefore, any "staking" for this token, as well as deposits on CEX's and lending/borrowing protocols are to be avoided.
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