Ethereum Name Service Launches Layer-2 Blockchain Using Zero Knowledge Technology
Ethereum Name Service and Its Evolution
The Ethereum Name Service (ENS) is making significant strides by launching a Layer-2 blockchain called Namechain, utilizing zero-knowledge rollups to enhance scalability. Zero-knowledge proofs allow for verifying transactions without exposing the underlying data, making it an ideal solution for privacy-conscious users. This development is set to not only improve transaction speeds but also to support a growing number of decentralized applications on the Ethereum network.
Key Features of Namechain
- Enhanced Privacy: Utilizing zero-knowledge proofs ensures that user data remains confidential.
- Scalability: The implementation of a Layer-2 solution allows for increased transaction throughput.
- Improved User Experience: Reduced wait times and faster confirmations will benefit users interacting with ENS.
Looking Ahead: Launch Timeline
Namechain is expected to go live around the end of 2025, marking a significant advancement for Ethereum's infrastructure. Stakeholders and developers are eagerly anticipating this launch, which promises to bring innovative changes to how identities are managed on the blockchain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.