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

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

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.