CandleFocus Ethereum's ENS Identity System Set to Launch Own Layer-2 Blockchain
2024-11-11
Author: Content Editor
ENS Labs, the company behind the Ethereum Name Service (ENS), is planning to launch its own layer-2 blockchain called Namechain. The network, set to go live at the end of 2025, will use zero-knowledge rollups to increase transaction speed and reduce costs. Namechain will inherit the security of Ethereum while processing transactions off the main network. ENS Labs is in the final stages of choosing the zero-knowledge chain compatible with the Ethereum Virtual Machine that it will use for Namechain. The new network aims to improve scalability and cost while enabling new applications.
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