ENSv2 Stays on Ethereum Mainnet, Drops Namechain Plan
In a strategic shift, the Ethereum Name Service (ENS) has announced that its next-generation protocol, ENSv2, will remain on the Ethereum Layer-1 mainnet, abandoning previous plans to build its own Layer-2 network called Namechain. The decision, shared by ENS co-founder Nick Johnson, is due to Ethereum's rapid scaling progress, which has already led to a 99% reduction in ENS registration gas costs over the past year. Johnson emphasized that staying on L1 aligns ENS with Ethereum's strong infrastructure guarantees and ensures faster, smoother performance for users. ENSv2 will still introduce upgrades such as hierarchical registries and expanded multi-chain support. Ethereum co-founder Vitalik Buterin endorsed the move, stating that ENS is a critical on-chain asset and semi-financial application that belongs on Ethereum L1. The broader development roadmap for ENS remains unchanged.
TheNewsCrypto02/07 07:52
