ENS Plans to Expand to L2 Network

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ENS Labs, the company behind the Ethereum Name Service, recently announced the extension of the service to second-layer protocols with their next update.

According to ENS, their service has become an integral part of the internet since its inception in 2017, with millions of registered .eth names and thousands of partnerships.

As second-layer solutions gain popularity to help scale the Ethereum blockchain, ENS plans to migrate some of their components, such as .eth name registration, to these networks.

According to the developers, the growing number of users is fueling the adoption of second-layer solutions due to their faster transaction speeds and lower gas costs.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.