ENS Labs has announced ENSv2, a significant upgrade to the Ethereum Name Service involving a migration to a Layer 2 network. The proposed ENSv2 aims to improve scalability and reduce gas fees by shifting core functionalities from the Ethereum mainnet… origin »
ENS Labs unveils ENSv2, migrating the Ethereum Name Service to Layer 2. This upgrade aims to reduce costs, enhance scalability, and introduce a hierarchical registry system for better . eth domain management.
ENS’s proposal, dubbed “ENSv2,” will completely overhaul the network’s registry system, and transform it into a layer 2, an auxiliary network that provides cheaper transaction fees that is settled on Ethereum.
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