Ethereum Name Service Considering To Launch Own Layer-2
Crypto News

Ethereum Name Service Considering To Launch Own Layer-2

1m
Created 9mo ago, last updated 9mo ago

The Ethereum Name Service (ENS) is actively investigating ways to integrate its protocol with Ethereum layer-2 (L2) networks.

Ethereum Name Service Considering To Launch Own Layer-2
The Ethereum Name Service (ENS) is actively investigating ways to integrate its protocol with Ethereum layer-2 (L2) networks, potentially even developing its own dedicated L2 solution, Khori Whittaker, ENS executive director, confirmed in an interview.

While details remain under wraps, Whittaker explained that the ENS team is evaluating both integrating with existing L2 networks like Optimism and constructing their own "identity layer" L2 solution. "We're heavily in research and development on the path of layer 2 applications," he stated, anticipating tangible results from their exploration this year. Zero-knowledge proofs, known for protecting user privacy on public blockchains, might also play a role in future L2 development, Whittaker added.

Currently, ENS faces challenges arising from its protocol structure and limited awareness within the Ethereum ecosystem. However, ENS allows users to own ".eth" domain names, simplifying cryptocurrency transactions by replacing complex wallet addresses. This focus on user-friendliness aligns with ENS's recent partnership with GoDaddy, enabling users to link their ".eth" domains to traditional Web2 domains for free.

"We are sort of dependent on builders and developers to build with ENS and then push it out there," Whittaker acknowledged, emphasizing the need for broader adoption. "The partnership with GoDaddy could help," he said, as it allows mainstream users to easily engage with blockchain technology.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
1 person liked this article