Ethereum Name Service proposes migration to Layer 2

ENS Labs has proposed ENSv2, a upgrade that aims to expand Ethereum Name Service to Layer 2 networks and enhance its scalability.

ENS Labs has proposed ENSv2, a comprehensive upgrade to the Ethereum Name Service that involves migrating the service to a Layer 2 network.

The upgrade also proposes a new “hierarchical registry system” for more effective management of .eth domain names, which includes capabilities for managing subdomains and configuring resolvers. ENS primarily provides the .eth name service, a simpler alternative to traditional, lengthy Ethereum addresses. To date, over two million .eth names have been registered on the mainnet.

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