The Ethereum Name Service (ENS) announced on the social platform
Users will benefit from Layer 2’s low fees
ENS officials stated that the upgrade aims to migrate its core functions from the Ethereum main network to the Layer 2 network to enhance its scalability and reduce transaction fees. However, ENS has not yet selected which Layer 2 network it will eventually migrate to.
In addition, ENS also proposed a new "layered registration system" designed to manage .eth domain names more efficiently, including managing subdomain names and configuring resolvers. In this regard, Nick Johnson, founder of ENS, said:
ENS v2 will introduce a tiered registration system for .eth domain management, where domain holders will have access to a unique domain registry where they can manage subdomains and configure resolvers.
ENS cooperates with Intercap to integrate .box domain name
It is worth mentioning that on the 23rd of last month, ENS officially announced its cooperation with Intercap to introduce the .box domain name into the ENS management application. The official said:
This is the first time that a Top Level Domian (TLD) approved by ICANN has been integrated into the platform, marking a major leap in the integration of traditional networks and blockchain technology, connecting Web2 and Web3 in an innovative way.
ENS officials pointed out that the uniqueness of .box domain names is that they run on the chain, which means that .box domain names can not only be used for URLs and emails in the general Internet, but also as a cross-platform personal Web3 identity , has the following important significance:
- Promote adoption: Users accustomed to the traditional Internet will have an easier time adapting to the transition from the familiar traditional DNS TLD to Web3, thus accelerating the adoption of ENS;
- Extended functions: Integrating DNS TLD will help enhance the functions of ENS, allowing users to enjoy the advantages of decentralized services while using traditional domain names at the same time;
- Strengthen network effects: The integration of Web2 and Web3 technologies will promote the active participation of developers;
- Catalytic technology integration: This integration marks an important step in the integration of centralized and decentralized network services, showing that the network model is changing to be user-centered.
ENS once exceeded $28
Spurred by this, ENS briefly broke through $28 last night, reaching a maximum of $28.5. At the moment of writing, it has fallen back to US$25.94, and the increase in the past 24 hours has narrowed to 4.07%.
