• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ENS Plans to Launch Namechain Layer 2 Network Using Linea Technology

user avatar

by Giorgi Kostiuk

a year ago


Ethereum Name Service (ENS) has announced plans to create its own Layer 2 network called Namechain, using the advanced technology from Linea.

ENS and Linea Partnership

ENS selected Linea, a Layer 2 solution based on zkEVM, for its ability to fully support compatibility with existing Ethereum smart contracts and tools.

Technological Features of Namechain

zkEVM technology ensures reliable and seamless interactions between Ethereum's Layer 1 and the new Namechain Layer 2. The Linea platform, powered by Consensys, a leading Ethereum-focused research and development firm, is the first to implement a trust-minimized version of ERC-3668 and provide decentralized cross-chain name resolution for ENS altcoins.

Impact on ENS Ecosystem

The Namechain initiative serves as the core of ENSv2, an upgrade introduced this year to increase scalability and affordability of ENS. It includes the transition of domain name registrations to Tier 2 Name Chaining, reducing transaction costs and increasing efficiency while keeping name resolution services on Ethereum Layer 1. ENS aims to further expand its use in DeFi, NFTs, and other blockchain-based ecosystems. This development underscores ENS's commitment to blockchain innovation while maintaining compatibility with Ethereum's core network.

ENS's new Namechain network aims to expand the service's usage across various blockchain ecosystems while maintaining compatibility with Ethereum's core network.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Surge in Stablecoin Activity Highlights Solana's Role in Digital Finance

chest

The Solana network is gaining attention due to a significant increase in stablecoin activity, showcasing its role as a hub for on-chain liquidity and digital finance transactions.

user avatarMohamed Farouk

Joe Weisenthal Analyzes Crypto's Struggles Amid Market Boom

chest

Bloomberg's Joe Weisenthal analyzes the challenges facing the crypto market, arguing it is in the coldest crypto winter ever, while other sectors thrive.

user avatarElias Mukuru

Solana Experiences Unprecedented Eight Consecutive Red Monthly Candles

chest

Solana has printed eight consecutive red monthly candles, indicating a prolonged slump and a potential for a sharp rebound after the ninth red candle.

user avatarDiego Alvarez

Ethereum Breaks Above Key Moving Averages, Signaling Potential Shift in Momentum

chest

Ethereum has broken above its 4-hour 200 MA and 200 EMA for the first time since April, indicating a possible shift back to bullish momentum.

user avatarKenji Takahashi

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

chest

The XRP Ledger has seen significant growth in tokenized assets, increasing from 900 million to nearly 4 billion in just five months, with a 1379% rise in the last 30 days.

user avatarMaria Fernandez

Mastercard Expands Global Settlement Infrastructure to Support Crypto Transactions

chest

Mastercard announced a significant expansion of its global settlement infrastructure to enable on-chain settlement using regulated stablecoins, allowing card transactions to settle 24/7.

user avatarGustavo Mendoza

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.