The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.
The Ethereum Name Service (ENS) token shot up more than 10% as ENS Labs announced details of its new Ethereum layer 2 solution “Namechain.”
Namechain is a purpose-built Ethereum layer 2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives explained in a presentation at the “frENSday” conference in Bangkok on Nov. 11.
Namechain will work in tandem with “ENSv2” — the protocol that enabled ENS to expand to Ethereum layer 2s.
