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A New Offer was Presented in the Altcoin, which Ethereum Co-Founder Vitalik Buterin Praised Twice, and the Price Mobilized!

ENS Labs has proposed extending the Ethereum Name Service (ENS) to Layer 2 (L2).

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ENS Labs has proposed extending the Ethereum Name Service (ENS) to Layer 2 (L2).

ENS Labs stated that the ENSv2 upgrade aims to reduce gas fees and improve service scalability for the project, The Block reported.

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If the offer is accepted, users will benefit from discounted transaction fees.

Nick Johnson, Principal Developer and Founder of ENS Labs, said:

“ENSv2 will introduce a hierarchical registry for .eth name management. Name owners will have access to a unique name registry from which they can manage subdomains and configure resolvers.

“The ENSv2 upgrade can expand the utility and reach of ENS across different blockchain ecosystems by improving multi-chain interoperability.”

While the ENS price was on the rise, it dropped to $28.2.

*This is not investment advice.



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