ENS halts L2 Namechain development, v2 will be deployed directly on Ethereum mainnet
Foresight News reported that ENS founder nick.eth announced that ENSv2 will be deployed directly on the Ethereum mainnet, and the development of its proprietary Layer2 network Namechain will be discontinued. This decision stems from the faster-than-expected scaling of Ethereum L1. After the Fusaka upgrade in 2025 increases the Gas limit to 60 million, the Gas cost for ENS registration has dropped by 99% over the past year, with the average registration fee now below $0.05. Nick.eth stated that although Namechain development will stop, the ENSv2 roadmap remains unchanged, and users will still experience features such as one-step registration, support for cross-chain stablecoin payments, and a brand-new registry design. The ENS team believes that staying on L1 eliminates the additional trust assumptions brought by L2 and leverages Ethereum's strongest infrastructure security. Currently, the brand-new ENS App and ENS Explorer have launched public Alpha testing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC surpasses $71,000

Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets

AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest
AMD announced that it has expanded its partnership with PsiQuantum to jointly design infrastructure capable of supporting the operation of fault-tolerant, practical-scale quantum computers.

While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion
Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.
