ENS Labs Proposes Complete Architectural Redesign to Turn Ethereum Name Service into Layer-2 Blockchain

Ethereum Name Service (ENS) Labs has proposed a complete architectural redesign of its domain name protocol, which would transform the network into a layer-2 blockchain. The proposed "ENSv2" would overhaul the project's registry system as part of the transformation into a layer 2, which provides cheaper transaction fees that can then be settled to the base blockchain, Ethereum. ENS Labs is leaning towards using technology from the layer-2 chain-development kit ZK Stack from Matter Labs, which uses zero-knowledge proofs for privacy and security. The ENS DAO will vote on whether to approve the changes, which could take up to two months.