Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
Ethereum Name Service Labs, the company behind the ENS domain name protocol, proposed Tuesday to go through a complete architectural redesign that would turn the network into a
The proposal, dubbed “ENSv2,” will overhaul the project's registry system as part of the transformation into a layer 2, which is an auxiliary network that provides cheaper transaction fees that can then be settled to the base blockchain, Ethereum.said in an interview with CoinDesk that the project was leaning toward using technology from the layer-2 chain-development kit ZK Stack from Matter Labs, which also was the primary developer behind the layer 2 zkSync.
The new initiative by ENS follows a new blockchain trend, where some protocols atop Ethereum and even some alternative layer-1 blockchains are migrating to become layer-2 networks, to address needs of their communities, such as the desire for cheaper fees or customization. Earlier this month, the layer-1 chain Celo“I want us to get the gas price as close to zero as possible,” said Whittaker. “So I'm excited about tons of activity using ENS names and ENS profiles.
“That'll probably take two months or so for that whole process to go, and then once we're all aligned and we get the thumbs up, then we're off to the races to build,” Whittaker said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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