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

US Spot Bitcoin ETFs See Major Inflows After Quiet Week

US spot Bitcoin ETFs saw a remarkable inflow of nearly $100 million on Monday, marking a significant turnaround from the previous week.

user avatarKofi Adjeman

Circle Raises $100 Million from Binance through Share Sale

Circle has raised $100 million by selling shares to Binance as part of a commercial agreement to promote USDC.

user avatarNguyen Van Long

Circle and Binance Extend Partnership with New Agreement

Circle and Binance have renewed their partnership with a new agreement that replaces previous contracts. This arrangement allows Binance to hold shares in Circle while promoting the USDC stablecoin on its platform.

user avatarSatoshi Nakamura

Coincheck Group Announces Leadership Change

Coincheck Group has confirmed the resignation of Executive Chairperson Takashi Oyagi, effective September 21, for personal reasons, and has approved a new leadership transition structure.

user avatarJesper Sørensen

MEXC Launches Initiatives to Enhance Access to Financial Markets

MEXC has launched several initiatives, including the Trade Wall Street, Without Walls campaign, to enhance access to traditional financial markets.

user avatarRajesh Kumar

MEXC Introduces Stock Trading Handbook for Crypto Traders

MEXC has launched the Stock Trading Handbook to assist crypto traders in transitioning to the stock market as part of its Opportunity Compass initiative.

user avatarLucas Weissmann

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.