ENS Labs Proposes Complete Architectural Redesign to Turn Ethereum Name Service into Layer-2 Blockchain
Ethereum Name Service (ENS) Labs has proposed a complete architectural redesign of its domain name protocol, which would transform the network into a layer-2 blockchain. The proposed "ENSv2" would overhaul the project's registry system as part of the transformation into a layer 2, which provides cheaper transaction fees that can then be settled to the base blockchain, Ethereum. ENS Labs is leaning towards using technology from the layer-2 chain-development kit ZK Stack from Matter Labs, which uses zero-knowledge proofs for privacy and security. The ENS DAO will vote on whether to approve the changes, which could take up to two months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT
Trend-following bot upgrade: Custom parameter settings now supported
CandyBomb x CNPY: Trade to share 75,000 USDC
New spot margin trading pair — CP/USDT, SOPH/USDT!
