Ethereum Name Service proposes migration to Layer 2 ENS Labs | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Ethereum Name Service proposes migration to Layer 2
ENS Labs has proposed ENSv2, a comprehensive upgrade to the Ethereum Name Service that involves migrating the service to a Layer 2 network. ENSv2 aims to enhance scalability and decrease gas fees by transferring core functionalities from the Ethereum mainnet to a Layer 2 chain, according to ENS Labs. If the proposal is accepted, users will benefit from reduced transaction fees.
