ENS Labs has proposed ENSv2 , an upgrade to the Ethereum Name Service that includes a migration to a Layer 2 network.

The proposal would reduce user transaction costs by moving core functions from the Ethereum mainnet to the Layer 2 chain, although a specific Layer 2 network has yet to be chosen. ENSv2 will also introduce a decentralized registration system grant to manage .eth domains to allow users to manage subdomains and configure resolvers more efficiently.The upgrade, driven by the release of EIP-4844 , aims to improve the multi-chain interoperability and extend the utility of ENS across different blockchain ecosystems.$BTC #EarnFreeCrypto2024 #binance #bitcoin #ETH