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

ENS Labs, the company behind the Ethereum Name Service, is moving ahead with a plan to launch its own layer-2 network. Namechain, as the new network is called, should go live around the end of next year, ENS Labs' chief operating officer, Katherine Wu, told CoinDesk. It will use zero-knowledge rollups, a scaling technology that speeds blockchain transactions and reduces the cost of executing them. The new network will leverage the infrastructure of an existing zero-knowledge chain compatible with the Ethereum Virtual Machine, Wu said. The overhaul, ENSv2, will see a complete re-architecture of the ENS protocol, as well as its extension onto a layer-2, Wu said.

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