Ethereum’s ENS Identity System Set to Launch Own Layer-2 Blockchain

The corporate behind the ENS blockchain area service has give you a plan to construct its personal layer 2 blockchain, referred to as ‘Namechain’.

Namechain can be a zero-knowledge rollup and can possible go stay across the finish of 2025.

ENS Labs, the corporate behind the Ethereum Identify Service, is transferring ahead with a plan to launch its personal Layer-2 community.

Namechain, as the brand new community is being referred to as, ought to go stay across the finish of subsequent yr, ENS Labs Chief Working Officer Katherine Wu instructed CoinDesk. It’ll use zero-knowledge rollups, a scaling expertise that accelerates blockchain transactions and reduces the price of executing them by compressing the quantity of information printed on the chain.

“This expertise permits Namechain to course of and execute transactions exterior of Ethereum’s principal community, whereas nonetheless inheriting the complete safety of Ethereum, however at a fraction of the fee,” ENS Labs mentioned in a press launch on Monday.

The brand new community will use the infrastructure of an current zero-knowledge chain that’s appropriate with the Ethereum Digital Machine, Wu mentioned. The staff is within the ultimate phases of selecting which zkEVM it is going to use, she instructed CoinDesk by way of Telegram.

ENS is blockchain’s reply to the net’s area identify service. Simply as domains (Amazon.com, WhiteHouse.gov) are human readable and simpler to recollect than numeric IP addresses, ENS names are extra recognizable than crypto pockets addresses. For instance, Ethereum creator Vitalik Buterin’s ENS deal with is Vitalik.eth, which rolls off the tongue higher than his tackle (0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045, in case you have been questioning.)

In Might, ENS Labs proposed to overtake the mission’s registration system by reworking it into an L2. It had not but dedicated to the ZK rollup mannequin on the time.

The revision, ENSv2, will entail a whole rearchitecture of the ENS protocol in addition to its extension to a layer-2, Wu mentioned.

“The powerful technical step right here can be to make sure that Namechain is backwards appropriate with ENSv1 (the present setup on the Ethereum mainnet) from day one in all launch,” Wu wrote. “[To] a consumer, there ought to be no distinction within the entrance finish/consumer expertise after we launch Namechain aside from decrease fuel prices.”

ENS’s resolution to maneuver ahead with ENSv2 follows a collection of different bulletins from main crypto firms arising with their very own layer 2 tasks. Just lately, groups behind decentralized finance mission Uniswap, crypto alternate Kraken, and Sony’s Blockchain Labs unveiled plans to launch their very own rollup networks. Nevertheless, as a substitute of ZK rollups, these tasks use Layer-2 Optimism expertise referred to as the OP Stack, which permits builders to clone the code to create their very own blockchains.

“Namechain represents the subsequent evolution of ENS, and I am excited concerning the dramatic enhancements it is going to ship in scalability and value, and the brand new functions it is going to allow,” mentioned Nick Johnson, co-founder and lead developer of ENS Labs . press launch.