ENS offers ENSv2 and plans expansion to Layer 2 networks

ENS offers ENSv2 and plans expansion to Layer 2 networks

ENS laboratoriesthe 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, 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 Service

ENSv2 more affordable and more efficient

ENS has become a fundamental part of 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 denomination and Ethereum blockchain applications.

The recent proposal and introduction of ENSv2 represents an overhaul of the protocol architecture to improve decentralization and support new use cases and integrations previously limited by the constraints of the Ethereum mainnet.

Key features include the adoption of a hierarchical ledger system, which will provide users with greater control over their .eth names to enable seamless integration between various blockchains, improving usability and lack of trust in different decentralized ecosystems.

The move comes as the Ethereum ecosystem is experiencing rapid growth, with Layer 2 solutions gaining popularity due to their ability to offer faster transaction times and lower gas costs compared to the Ethereum mainnet.

For more updates, visit the official website or follow ENS on X/Twitter.

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