ENS Labs Launches L2-Agnostic Namechain Network: Release in 2025

user avatar

by Giorgi Kostiuk

2 years ago

ENS Labs unveils plans to launch its Layer 2 network named Namechain, poised as an innovative solution for enhancing the Ethereum Name Service.

Goals and Features of Namechain

The goal of creating Namechain is to improve the scalability and accessibility of the Ethereum Name Service (ENS). The new network approach will enable human-readable names to be tied to crypto addresses more affordably, ensuring access across multiple Layer 2 networks.

Technical Aspects and Interoperability

Namechain will be built on zero-knowledge proof (zk-proof) technology, allowing transactions to process outside of Ethereum's mainnet. This will ensure Ethereum-level security with reduced costs. It also supports L2-to-L2 bridging, making it convenient for users to interact with different networks.

You can commit and bridge while paying from your preferred L2.Jeff Lau

Cost Reduction and Future Prospects

With the launch of Namechain, costs for name registration and management are expected to decrease by 99% compared to current Tier 1 fees. The chain will leverage zkEVM for fast transaction finality, maintaining ENS’s decentralized foundation and focusing on open-source development.

The introduction of Namechain could significantly lower entry barriers and enhance user experience, making ENS more accessible to a broader audience.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Rising Oil Prices Complicate Bitcoin's Recovery

Geopolitical developments and rising oil prices add to the uncertainty surrounding Bitcoin's market performance.

user avatarRajesh Kumar

Suspected Cryptocurrency Theft Exceeds $133 Million

A suspected theft of cryptocurrency has escalated to over $133 million, prompting responses from multiple exchanges.

user avatarSatoshi Nakamura

NEAR Token Price Declines Despite Proposal Approval

NEAR Protocol's native cryptocurrency NEAR experienced a price drop on Tuesday, even after a proposal aimed at reducing long-term token dilution was approved.

user avatarJesper Sørensen

Apple's Margin Warning Adds Pressure to Crypto Markets

Apple's outlook raises concerns about rising operating costs, impacting investor sentiment in the technology sector and cryptocurrency markets.

user avatarLucas Weissmann

Investigation Reveals Hacker Controls Millions in Altcoins

Investigation reveals that a hacker controls significant holdings in various altcoins, posing a risk of market impact.

user avatarFilippo Romano

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.