Odaily Star Daily News: The company behind Ethereum Name Service (ENS), ENS Labs, is advancing its L2 network plans. ENS Labs Chief Operating Officer Katherine Wu stated that the new network, Namechain, is expected to launch by the end of next year. It will utilize zero-knowledge rollup. ENS Labs said in a press release on Monday: "This technology allows Namechain to process and execute transactions outside of the main Ethereum network while still inheriting the full security of Ethereum, but at a cost that is only a fraction of it." Wu mentioned that the new network will leverage the infrastructure of existing zero-knowledge chains compatible with EVM, and the team is in the final stages of choosing which zkEVM to use. (CoinDesk)