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 rose 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 said 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 L2s.
