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

ENS Labs, the company behind Ethereum’s domain name service ENS, is moving forward with its L2 network plans. Katherine Wu, COO of ENS Labs, said the new network, Namechain, should be live by the end of next year. It will use zero-knowledge rollup. “This technology allows Namechain to process and execute transactions outside of the main Ethereum network, while still inheriting the full security of Ethereum, but at a fraction of the cost,” ENS Labs said in a press release on Monday. Wu said the new network will leverage the infrastructure of existing zero-knowledge chains that are compatible with the EVM, and the team is in the final stages of choosing which zkEVM to use. (CoinDesk)