ENS Labs unveils L2-agnostic rollup Namechain

#ENSLabs , the organization behind the #EthereumNamingService , is developing its own #Layer2 network named #Namechain . Namechain is designed to prioritize interoperability, enabling users to initiate ENS from any Layer 2 network.

Namechain, leveraging zero-knowledge proof technology, aims to process and execute transactions off the main #Ethereum network while maintaining Ethereum’s security at a reduced cost. The launch of Namechain is anticipated around the end of 2025.

👉 theblock.co/post/325381/ens-labs-introduces-own-l2-agnostic-rollup-namechain-aiming-for-launch-by-end-of-2025

Ethereum Name Service ($ENS ) plans to launch its own layer-2 blockchain, "#Namechain ," using zero-knowledge rollups to improve scalability and reduce transaction costs. This new blockchain, expected to go live by late 2025, aims to maintain Ethereum's security while offering lower fees. ENS, which simplifies crypto addresses into human-readable names, will upgrade its system to ENSv2 to extend it onto Namechain, ensuring compatibility with existing ENS features. ENS joins other major crypto projects like #Uniswap and #Kraken in adopting layer-2 solutions, although those rely on different technology (OP Stack). ENS co-founder Nick Johnson anticipates Namechain will enhance scalability and support new applications.