Ethereum name service ready for layer 2 scaling

The Ethereum Name Service – a distributed, open and extensible naming system operating on the Ethereum blockchain – announced plans for Layer 2 expansion.

The growing popularity of Ethereum has led to a significant increase in gas prices, forcing market participants to seek cost-effective alternatives. The Ethereum Name Service (ENS) is a project that previously stated that layer 2 interoperability is on the pipeline for quite some time – ENSIP-10: Wildcard Resolution and EIP-3668: CCIP Read: Secure Offchain Data Retrieval.

• on a community call This week, the team behind ENS stressed the importance of upgrades that will extend Layer 2 to improve scalability and reduce costs.
• Facilitating the interoperability of existing solutions with ENS Domains will help make domain name registration and transactions more accessible to a wider user base, he added.
• Going forward, the developers behind the Ethereum-based naming system ENS off-chain registrar contract and the Coinbase-run project CB.ID, Polygon-based Lens Protocol, Optimism-based service providers will be able to leverage off-chain resolvers through various service providers. intend to. Based OptiNames, etc.
• Unfazed by the market turmoil in the digital asset space last year, ENS registered over 2.2 million domain names.
• This figure continues to grow and currently stands at 2.73 million with approximately 700,000 unique addresses.
• ENS rolled In April this year, a new fiat on-ramp was launched for domain registration through the Web3 fiat payment gateway MoonPay.
• The move enabled Web3 users to register decentralized .eth domains on the platform using a variety of popular fiat payment options, such as Apple Pay and Google Pay, in addition to debit and credit cards.

The Ethereum Name Service – a distributed, open and extensible naming system operating on the Ethereum blockchain – announced plans for Layer 2 expansion.

The growing popularity of Ethereum has led to a significant increase in gas prices, forcing market participants to seek cost-effective alternatives. The Ethereum Name Service (ENS) is a project that previously stated that layer 2 interoperability is on the pipeline for quite some time – ENSIP-10: Wildcard Resolution and EIP-3668: CCIP Read: Secure Offchain Data Retrieval.

• on a community call This week, the team behind ENS stressed the importance of upgrades that will extend Layer 2 to improve scalability and reduce costs.
• Facilitating the interoperability of existing solutions with ENS Domains will help make domain name registration and transactions more accessible to a wider user base, he added.
• Going forward, the developers behind the Ethereum-based naming system ENS off-chain registrar contract and the Coinbase-run project CB.ID, Polygon-based Lens Protocol, Optimism-based service providers will be able to leverage off-chain resolvers through various service providers. intend to. Based OptiNames, etc.
• Unfazed by the market turmoil in the digital asset space last year, ENS registered over 2.2 million domain names.
• This figure continues to grow and currently stands at 2.73 million with approximately 700,000 unique addresses.
• ENS rolled In April this year, a new fiat on-ramp was launched for domain registration through the Web3 fiat payment gateway MoonPay.
• The move enabled Web3 users to register decentralized .eth domains on the platform using a variety of popular fiat payment options, such as Apple Pay and Google Pay, in addition to debit and credit cards.