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Hi! I'm pretty new to crypto. First post in r/Ethereum. I'm wondering about ENS names like .ETH addresses.

This is what I believe I have understood, but I might be wrong: A. ENS names are a short, clean, version of your longer a dress that can send or receive money. B. One could have a website like myname.eth that is accessible from a regular old pc and internet browser.

Please let me know if this is correct. I'll ask a few questions based on this:

  1. If I own myname.com already, can I simply connect it to myname.eth without paying fees?
  2. If I purchase myname.eth, can someone else purchase myname.me and use that as a connection to their own account to receive money?
  3. Where does the fees go? Gas goes to miners and stuff, but the yearly fees goes to developing Ethereum?

Thanks!

submitted by /u/Nissepool
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