ENS Labs has proposed ENSv2, a comprehensive upgrade to the Ethereum Name Service, including migrating the service to a Layer 2 network.
ENSv2 aims to improve scalability and reduce gas fees by moving core functions from the Ethereum mainnet to a Layer 2 chain, according to ENS Labs.
If the proposal is accepted, users will benefit from reduced transaction fees. This network will serve as the new platform for user interactions with ENS once the migration is complete.
This upgrade also proposes a “new hierarchical registration system” for more efficient management of .eth domains, including capabilities to manage subdomains and configure resolvers.
“ENSv2 will introduce a decentralized registry to manage .eth names. Name holders will have access to a unique name registry where they can manage subdomains and configure resolvers,” said Nick Johnson, lead developer and founder of ENS Labs.
ENS primarily provides .eth name services, a simpler alternative to traditional and lengthy Ethereum addresses. To date, more than two million .eth names have been registered on the mainnet.
The ENSv2 upgrade can improve multi-chain interoperability, expanding the utility and scope of ENS across different blockchain ecosystems.
ENS Labs explains that the release of Ethereum Improvement Proposal (EIP) 4844, which makes the Layer 2 network significantly cheaper via blob transactions, is a key factor driving the ENS upgrade. “The release of EIP4844 has made Ethereum-based Layer 2 networks cheaper and more scalable, which is a key factor driving ENS's proposition,” Eskender Abebe, Head of Product and Strategy at ENS Labs said.
Prioritize privacy and security
ENS, founded in 2017 by former Ethereum Foundation employees Nick Johnson and Alex Van de Sande, is designed to map cryptocurrency addresses – which typically consist of long strings of letters and words – into easy-to-read names like “tapchibitcoin.eth.” In its current configuration, the protocol exists only as smart contracts on the Ethereum platform.
The team spent some time looking at layer-2 technologies from Arbitrum, Optimism and zkSync before deciding on Matter Labs' ZK Stack, ENS Labs CEO Whittaker told CoinDesk.
ZK Stack is a custom software toolkit that allows developers to create private chains based on zkSync's technology. A key component of the ZK Stack is that it uses zero-knowledge proofs, a type of cryptography that is a hot trend in blockchain.
Many top layer-2 projects have their own custom stacks, like Polygon's CDK which is home to OKX's layer 2 “X Layer”, and Optimism's OP Stack which is home to Coinbase's “Base”, and “Worldchain” ” by Worldcoin, along with Celo.
When evaluating which stack to choose, privacy and security are top priorities, Whittaker said.
“From my perspective, that's what I'm looking at in different L2 stacks,” Whittaker said.
With the release of the proposal, the ENS DAO – the decentralized governance body behind the ENS protocol – will vote on whether to approve these changes, initiating a period of back-and-forth dialogue.
“This process will probably take about two months, and once we reach consensus and receive approval, we will begin construction,” Whittaker said.
Source: https://tapchibitcoin.io/ethereum-name-service-ens-de-xuat-di-chuyen-sang-layer-2-co-the-voi-zksync.html
