ENS Labs has proposed an upgrade to ENS v2 in order to migrate the service to a Layer2 network. The purpose of ENS v2 is to enhance scalability and reduce gas fees by moving core functionalities from the Ethereum mainnet to a Layer2 chain. If this proposal is accepted, users will benefit from lower transaction costs.
ENS Labs has not yet determined the specific stack or Layer2 network for the migration. However, once the migration is complete, this network will become the new platform for users to interact with ENS. This upgrade also introduces a new “layered registration system” for more efficient management of .eth domain names, which includes managing subdomains and configuring resolvers.
Tags:
ENS
Layer2
Ethereum
Source Link:
https://www.theblock.co/post/296971/ethereum-name-service-expansion-l2
Note: The content of this article represents the views of the author and does not constitute investment advice.