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ENS Proposes ENSv2, Plans Growth to Layer 2 Networks

ENS Labs, the Singapore-based non-profit group overseeing the Ethereum Name Service (ENS), has lately introduced a proposal to broaden its companies to Layer 2 networks with the introduction of ENSv2.

The proposal features a migration plan developed in collaboration with the ENS group and can element technical specs, timelines, and supply alternatives for group suggestions and participation within the transition course of.

This initiative goals to enhance the effectivity and accessibility of the decentralized naming protocol.

ens ensv2 proposal — Supply: Ethereum Identify Service

Extra Reasonably priced and Environment friendly ENSv2

ENS has turn into a elementary element of the web’s infrastructure since launching in 2017, with tens of millions of .eth names registered and built-in into quite a few dApps, wallets, and browsers. The service facilitates interplay between conventional web naming and Ethereum’s blockchain purposes.

The current proposal and introduction of ENSv2 represents a redesign of the protocol’s structure to reinforce decentralization and help new use circumstances and integrations beforehand restricted by Ethereum’s mainnet constraints.

Key options embrace the adoption of a hierarchical registry system, which is able to present customers with larger management over their .eth names to allow seamless integration throughout numerous blockchains, enhancing usability and trustlessness throughout totally different decentralized ecosystems.

The transfer comes as Ethereum’s ecosystem experiences fast progress, with Layer 2 options gaining recognition on account of their means to supply quicker transaction occasions and decreased gasoline prices in comparison with the Ethereum mainnet.

For additional updates, go to the official web site or observe ENS on X/Twitter.

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