x.com/ensdomains” target=”_blank” rel=”noopener”>ENS LaboratoriesThe Singapore-based nonprofit organization that oversees the ethereum Name Service (ENS), recently announced a proposal to expand its services to Layer 2 networks with the introduction of ENSv2.
The proposal includes a migration plan developed in collaboration with the ENS community and will detail technical specifications, timelines, and provide opportunities for community feedback and participation in the transition process.
This initiative aims to improve the efficiency and accessibility of the decentralized naming protocol.
Source: ethereum Naming ServiceENSv2 more affordable and efficient
ENS has become a fundamental component of the Internet infrastructure since its launch in 2017, with millions of .eth names registered and integrated into numerous dApps, wallets and browsers. The service facilitates interaction between traditional Internet names and ethereum blockchain applications.
The recent proposal and introduction of ENSv2 represents a redesign of the protocol architecture to improve decentralization and support new use cases and integrations previously limited by the limitations of the ethereum mainnet.
Key features include the adoption of a hierarchical registration system, which will give users greater control over their .eth names to enable seamless integration between multiple blockchains, improving usability and trustlessness across different decentralized ecosystems.
The move comes as the ethereum ecosystem experiences rapid growth, with Layer 2 solutions gaining popularity due to their ability to offer faster transaction times and reduced gas costs compared to the ethereum mainnet.
For more updates, visit the official website or follow ENS on x/twitter.
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