Ethereum Name Service ($ENS ) plans to launch its own layer-2 blockchain, "#Namechain ," using zero-knowledge rollups to improve scalability and reduce transaction costs. This new blockchain, expected to go live by late 2025, aims to maintain Ethereum's security while offering lower fees. ENS, which simplifies crypto addresses into human-readable names, will upgrade its system to ENSv2 to extend it onto Namechain, ensuring compatibility with existing ENS features. ENS joins other major crypto projects like #Uniswap and #Kraken in adopting layer-2 solutions, although those rely on different technology (OP Stack). ENS co-founder Nick Johnson anticipates Namechain will enhance scalability and support new applications.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.