ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year
ENS Labs, the company behind Ethereum Name Service (ENS), is advancing its L2 network plan. Katherine Wu, Chief Operating Officer of ENS Labs, said that the new network, Namechain, should be launched by the end of next year. It will use zero-knowledge rollup.
In a press release on Monday, ENS Labs stated: "This technology allows Namechain to process and execute transactions outside the main Ethereum network, while still inheriting full Ethereum security, but at only a fraction of the cost."
Wu said the new network will use the infrastructure of an existing zero-knowledge chain compatible with EVM, and the team is in the final stages of choosing which zkEVM to use.
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
IRS Tightens Grip on Crypto with New 2025 Rules
How YeagerAI Is Allowing dApps to Access Real-World Data More Efficiently
241128: Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%
Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media, before paring gains to nearly $95,500 in Asian morning hours on Thursday. BTC added 3.3% in the past 24 hours, data shows, ahead of a Thanksgiving weekend that has historically recorded sudden pri
Attention is value, and AI Agents will continuously attract users and capital
To truly grow, AI entities cannot be limited to promoting meme coins.