Ethereum Name Service
Ethereum Name Service
ENS
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Ethereum Name Service Info
- Oct,2024ENS Labs committed to providing quarterly financial and progress reports related to ENSv2 development, with the first report expected by the end of Q1 2025, enhancing transparency within the community.
- Jul,2024Makoto Inoue from ENS Labs was announced as a speaker at EthCC, scheduled to discuss Rollups and Scaling Solutions.
- May,2024ENS Labs announced plans to launch "Namechain," a dedicated Layer-2 network based on zero-knowledge rollups (zk-rollups), aiming to reduce fees and enhance performance for ENS users.
- May 3,2024ENS celebrated its 7th anniversary by releasing a special commemorative NFT on Zora via Base, available for minting at 0.0007 ETH.
- Oct,2023ENS announced integration with Layer 2 solutions, aiming to reduce gas fees and improve accessibility for users.
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Ethereum Name Service Intro
Ethereum Name Service (ENS) is a decentralized protocol that allows users to convert complex Ethereum addresses into human-readable names, such as "alice.eth". This simplifies the process of managing crypto addresses and interacting with decentralized applications (dApps). ENS operates through smart contracts on the Ethereum blockchain and is governed by a decentralized autonomous organization (DAO), giving users control over domain registration, management, and associated metadata.
In 2024, ENS is undergoing significant upgrades, including the rollout of ENSv2, a Layer 2 solution aimed at improving scalability and reducing gas fees. This migration will allow users to register and manage ENS names on Layer 2, while still supporting Layer 1 functionality. ENSv2 also brings enhanced flexibility and new features for name management, which are designed to cater to both developers and end-users. The migration process is expected to be smooth, with ENS Labs working to ensure a seamless experience for existing domain holders.
Additionally, ENS has made strides in expanding its user base by integrating with traditional Web2 systems. A notable partnership with GoDaddy allows users to link ".eth" names to traditional domain extensions like ".com", bridging Web2 and Web3 technologies. This move aims to make Web3 more accessible to the general public, enhancing ENS's appeal beyond the crypto community as it continues to grow, with over 2.1 million registered domains in 2024.
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He was joined by industry leaders from @jpmorgan, @the_matter_labs, @AvaLabs, and @falconxnetwork to speak on a panel about "Permissioned vs Permissionless: How Enterprises will Move On-Chain."
Topics included stablecoin adoption, institutions, privacy, and more!
Ethereum Name Service (ENS) is a decentralized protocol that allows users to convert complex Ethereum addresses into human-readable names, such as "alice.eth". This simplifies the process of managing crypto addresses and interacting with decentralized applications (dApps). ENS operates through smart contracts on the Ethereum blockchain and is governed by a decentralized autonomous organization (DAO), giving users control over domain registration, management, and associated metadata.
In 2024, ENS is undergoing significant upgrades, including the rollout of ENSv2, a Layer 2 solution aimed at improving scalability and reducing gas fees. This migration will allow users to register and manage ENS names on Layer 2, while still supporting Layer 1 functionality. ENSv2 also brings enhanced flexibility and new features for name management, which are designed to cater to both developers and end-users. The migration process is expected to be smooth, with ENS Labs working to ensure a seamless experience for existing domain holders.
Additionally, ENS has made strides in expanding its user base by integrating with traditional Web2 systems. A notable partnership with GoDaddy allows users to link ".eth" names to traditional domain extensions like ".com", bridging Web2 and Web3 technologies. This move aims to make Web3 more accessible to the general public, enhancing ENS's appeal beyond the crypto community as it continues to grow, with over 2.1 million registered domains in 2024.