• 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

Strive Asset Management Introduces Innovative Bitcoin-Backed Securities

chest

Strive Asset Management has launched SATA preferred shares, the first listed US security to pay daily dividends, with a 13% annualized rate, aiming to reshape perceptions of money and credit.

user avatarTenzin Dorje

Samsung Affiliates Invest in Leading Crypto Exchange Dunamu

chest

Three Samsung affiliates announced a combined acquisition of a 4% stake in Dunamu, operator of South Korea's leading crypto exchange, Upbit, for approximately 408 million USD.

user avatarBayarjavkhlan Ganbaatar

Worldcoin's Price Reversal Following Initial Surge

chest

Worldcoin's price has fallen back after reaching an 11-week high, raising concerns about the sustainability of the rally.

user avatarElias Mukuru

Worldcoin Experiences Surge in Onchain Activity Amid Price Rally

chest

Worldcoin's recent price rally led to a significant increase in onchain activity, including whale transactions and new wallet creations.

user avatarMohamed Farouk

AI Tools Increasing Threats to DeFi Security, Experts Warn

chest

Experts warn that AI-powered coding tools are enabling attackers to exploit vulnerabilities in DeFi protocols at unprecedented speed.

user avatarKenji Takahashi

Attackers Exploit DeFi Vulnerabilities, Draining $200,000 from Uniswap V3

chest

Attackers exploited vulnerabilities in DeFi protocols, draining $200,000 from Uniswap V3.

user avatarDiego Alvarez

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.