
What happens when ENS expires?
Could you please elaborate on what occurs when the Ethereum Name Service (ENS) expires? Would the associated domain names become unusable or available for registration again? Are there any renewal procedures or penalties involved? Additionally, how does this expiration process affect the ownership and security of the ENS names? Could there be any risks or consequences for the holders if they fail to renew their ENS registrations in time? I'm curious to know the intricacies of this expiration mechanism and its impact on the overall ENS ecosystem.
