Ethereum Name Service Expands into Layer 2 Ecosystem

The Ethereum Name Service (ENS) Implements Layer 2 Interoperability

The Ethereum Name Service (ENS) is adding Layer 2 interoperability to its decentralized domain name system. This upgrade will allow Layer 2 solutions to interact with ENS domains, making domain name registrations and transactions more accessible and cost-effective.

  • Layer 2 interoperability is identified as a crucial upgrade for ENS
  • Off-chain mechanisms like Arbitrum and Optimism will handle transactions away from the Ethereum blockchain
  • ENS will work with off-chain resolvers and service providers to achieve Layer 2 interoperability

Web-Integrated Domain Names Collaborate with ENS Labs

TLDs such as .art and .box are collaborating with ENS Labs to enable users to register browser-supported names via ENS. Additionally, DNS names will be tradable as NFTs on the Ethereum blockchain for the first time.

  • Web-integrated domain names will be closely integrated with ENS
  • Users can register browser-supported names via ENS
  • DNS names can be traded as NFTs on the Ethereum blockchain

New Roadmap Feature: Gasless Import of Web Names

In the fourth quarter of this year, ENS Labs will release a feature that allows the import of DNS into ENS with no transaction costs. This “gasless” import has the potential to improve web accessibility to the ENS ecosystem and lower the entry barrier for traditional internet users.

  • ENS will introduce a gasless import feature for DNS
  • This feature aims to improve web accessibility to the ENS ecosystem
  • Traditional internet users will have a lower entry barrier to using ENS

Hot Take: The integration of Layer 2 interoperability and collaboration with web-integrated domain names are significant steps for ENS. By making domain name registrations and transactions more accessible and introducing new features like gasless imports, ENS is expanding its user base and enhancing the overall functionality of its system.

Continue reading on Theblock.co

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Ethereum Name Service Expands into Layer 2 Ecosystem