ENS Labs Unveils Namechain
for Scalable
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum IDs
ENS Labs, the organization behind Ethereum Name Service (ENS), has revealed a
Layer-2 solution to boost the scalability of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн-based identities.
After months of development, the announcement was made on November 11 at the
“frENSday” conference in Bangkok.
ENS Launches Namechain to Cut Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Gas Fees
ENS Labs initially presented the ENSv2 upgrade as a solution to rising
transaction costs and scalability constraints on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum. Since ENS launched
in 2017, it has streamlined Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum use by mapping complex addresses to
readable names. “Vitalik.eth,” the ENS address of Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum co-founder Vitalik
Buterin• Объект человек » Персоналии по алфавиту » Персоналии на Бу » Бутерин, Виталик, is one example of a readable name.
This is the next evolution in ENS and part of the larger ENSv2
direction. By dramatically reducing costs, improving performance, and
providing a familiar Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum developer experience our hope is to see new
opportunities for ENS and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum flourish, ENS stated on X.
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However, as Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s network grew , the need for lower costs and faster
processing grew in parallel. To manage these growing demands, ENSv2
implemented a hierarchical registry system. This permits users to manage
subdomains more efficiently and set up custom resolvers. Namechain at ENS
Labs #frENSday, Bangkok November 11. Source: ENS .
Namechain now builds on these ENSv2 revisions, utilizing rollup technology to
reduce gas fees and simplify the name registration process. Working alongside
ENSv2, Namechain is designed to make managing blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн identities more
inexpensive and user-friendly.
Before committing to this path, ENS Labs evaluated multiple Layer-2 options,
including Matter Labs’ ZK Stack. Eventually, the organization decided to build
its own in-house solution, driven by the need for a seamless user experience.
The recent release of EIP4844 also made Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum-based L2 solutions more
scalable and cost-effective. To minimize potential disruptions, ENS Labs will
adopt a phased migration approach, starting with changes to the resolution
process.
Big moves for ENS! Namechain is set to redefine user experience with
reduced costs and faster performance. Can’t wait to see the impact this will
have on the ENS ecosystem and beyond, said one X user.
This plan allows users flexibility, allowing them to choose whether to keep
their ENS names on the Layer-2 network or the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum mainnet. To support the
rollout of ENSv2 and Namechain, ENS Labs has asked for an annual budget of 4
million USDC from the ENS DAO .
ENS has recently broadened its capabilities. In September, it added
integrations with PayPal and Venmo, allowing crypto transfers for over 270
million US users.
In reaction to the news, ENS token prices increased slightly, trading at
$26.28. This layer 2 migration improves ENS’s standing within the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
ecosystem, providing developers with greater registry flexibility and giving
users an affordable, high-performance experience.
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