ensv2

The governance organization of Ethereum Name Service ENS DAO published a new proposal on X, suggesting the activation of ENSv2.The proposal plans to freeze new v1 .eth registrations, allowing domains that have not yet migrated to continue renewing and retaining existing domains, and subsequently transitioning the domain registration and resolution functions to v2.

The proposal for the activation of ENSv2 for Ethereum Name Service (ENS) states that after the official launch of ENSv2, new registrations for ENSv1 will cease, while existing .eth domain holders will not face a migration deadline and can continue to retain and use their registered domains.The proposal also arranges for ENS Labs to transfer its remaining management roles for ENSv2 to the ENS DAO, handing over the relevant management authority to the community.

ChainCatcher news, the Ethereum Name Service (ENS) announced the ENSv2 project plan, which will be launched on L2 and divided into 5 phases.

ChainCatcher news, ENS Labs has proposed the ENSv2 upgrade to migrate services to the L2 network.According to ENS Labs, ENSv2 aims to enhance scalability and reduce gas fees by transferring core functionalities from the Ethereum mainnet to L2 chains. If the proposal is accepted, users will benefit from lower transaction costs.ENS Labs has not yet selected a specific stack or second-layer network for the migration. However, once the migration is complete, the network will serve as a new platform for users to interact with ENS. The upgrade also introduces a new "layered registration system" to manage .eth domain names more efficiently, including features for managing subdomains and configuring resolvers.