Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year

ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year

CointimeCointime2024/11/11 03:44
By:Cointime

ENS Labs, the company behind Ethereum Name Service (ENS), is advancing its L2 network plan. Katherine Wu, Chief Operating Officer of ENS Labs, said that the new network, Namechain, should be launched by the end of next year. It will use zero-knowledge rollup.

In a press release on Monday, ENS Labs stated: "This technology allows Namechain to process and execute transactions outside the main Ethereum network, while still inheriting full Ethereum security, but at only a fraction of the cost."

Wu said the new network will use the infrastructure of an existing zero-knowledge chain compatible with EVM, and the team is in the final stages of choosing which zkEVM to use. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin is inches away from cracking all-time high against gold

If gold remains steady today, a single move from bitcoin to $98,500 would do it

Blockworks2024/11/21 20:44