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ENS Labs Proposes Migrating Services to Layer 2 Networks

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2024-05-28 13:07:47
ENS Labs has proposed an ENS v2 upgrade to migrate services to the Layer2 network. ENS v2 aims to enhance scalability and reduce gas fees by moving core functionality from the Ethereum mainnet to the Layer2 chain, ENS Labs said. If the proposal is accepted, users will benefit from lower transaction fees.
ENS Labs has not yet selected a specific stack or Layer2 network for the migration. However, when the migration is complete, the network will become a new platform for users to interact with ENS. The upgrade also proposes a new "tiered registry system" to manage .eth domains more efficiently, including the ability to manage subdomains and configure resolvers.
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