ENS Labs, the Singapore-based non-profit organization that oversees the Ethereum Name Service (ENS), recently announced a proposal to extend 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 and 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 Name ServiceMore affordable and efficient ENSv2
ENS has become a fundamental part of the internet infrastructure since its launch in 2017, with millions of .eth names registered and integrated into countless dApps, wallets and browsers. The service facilitates the interaction between traditional internet naming and Ethereum’s blockchain applications.
The recent proposal and introduction of ENSv2 represents a redesign of the protocol’s architecture to improve decentralization and support new use cases and integrations previously limited by Ethereum’s mainnet limitations.
Key features include the adoption of a hierarchical registry system, which will give users greater control over their .eth names to enable seamless integration between different blockchains, improving usability and trustlessness across various decentralized ecosystems.
This move comes as the Ethereum ecosystem is experiencing rapid growth, with Layer 2 solutions gaining popularity due to their ability to provide faster transaction times and lower gas fees compared to the Ethereum mainnet.
Visit the official website for further updates or follow ENS on X/Twitter.
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