ENS Labs announced the proposal of ENSv2, a comprehensive upgrade of the Ethereum domain name service that involves migrating services to the Layer 2 network. According to ENS Labs, ENSv2 aims to enhance scalability and reduce gas fees by transferring core functions from the Ethereum mainnet to the Layer 2 blockchain. However, ENS Labs has not yet selected a specific stack or Layer 2 network for migration. It is reported that the network will become a new platform for users to interact with ENS after the migration is completed. (TheBlock)