Introducing ENSv2: The Next Generation of ENS 🎉🎉🎉

ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up!

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As web3 goes mainstream and more users onboard, scaling constraints have emerged. Thankfully, Ethereum's "rollup-centric" roadmap addresses this with L2 networks. They offer lower gas costs and faster transactions, making web3 more accessible to a wider range of users.

We've long been monitoring the state of the L2 ecosystem while also contributing with internal innovations such as CCIP-Read and the EVM Gateway. We believe that now is the right time for us to begin moving parts of ENS, such as .eth name registration, to L2.

Beyond the benefits of reduced gas fees and increased transaction speeds, extending ENS to use an L2 opens the door for us to re-architect ENS based on the last 7 years of our experience building at the frontier.

Check the technical design doc here:

Beyond the benefits of reduced gas fees and increased transaction speeds, extending ENS to use an L2 opens the door for us to re-architect ENS based on the last 7 years of our experience building at the frontier.

Check the technical design doc here: http://go.ens.xyz/ensv2

So what's changing with ENSv2?

- Lower gas costs, faster transaction speeds for .eth name management
- Hierarchical registry system for enhanced customization and control
- Improved multi-chain interoperability

You can learn more in our latest blog post:

So what's changing with ENSv2?

- Lower gas costs, faster transaction speeds for .eth name management
- Hierarchical registry system for enhanced customization and control
- Improved multi-chain interoperability

You can learn more in our latest blog post:
https://blog.ens.domains/

We're excited to bring this proposal forward to the ENS DAO, and are eager to hear from the community. You can see the related governance post here:

We're excited to bring this proposal forward to the ENS DAO, and are eager to hear from the community. You can see the related governance post here: https://discuss.ens.domains/t/ens-labs-development-proposal-ensv2-and-native-l2-support/19232

We look forward to shaping the future of ENS with you all. Stay tuned for more details about the proposed migration plan, technical specifications, timelines, and more. 🤝💡

Since 2017, ENS has evolved from a simple blockchain naming service to critical infrastructure for the Internet. With millions of .eth names registered and thousands of integrations, ENS has become the bridge between the traditional internet and the decentralized web.

That's🔥
No doubt that l2 is our favorite @base

Either Base or Polygon, im good with it... i guess?

lets go! ENS on L2 (finally?!)
How does the protocol differ?

Nice, glad I’m prepared for this upgrade, castdrop.eth 🤗

🤖 beep boop, I'm a bot, reply to any cast with "@mintit" to mint it as an NFT! Built by @borodutch with ❤️ Open source: bit.ly/3WQRTXH

3 $DEGEN
That’s all my allowance now 
Lol