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

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.