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Ethereum Name Service’s Focus on Layer-2 Networks

Ethereum Name Service is ÔÇ£heavilyÔÇØ focused on researching ways to build its protocol on Ethereum layer-2 networks and may even consider launching an in-house layer 2 of its own, revealed ENS executive director Khori Whittaker. In an interview with Cointelegraph, Whittaker remained tight-lipped on the specific details of its research and development process, but said the ENS team is currently debating if it should build its integration on a pre-existing Ethereum layer-2 network or release an in-house L2 it dubs ÔÇ£the identity layer.ÔÇØ

ÔÇ£WeÔÇÖre heavy in research and development on the path of layer 2 applications, so I think this year youÔÇÖre going to see some tangible outcomes of that research.ÔÇØ

Whittaker revealed that the bulk of the conversations between ENS developers were focused largely on pursuing development on Optimism. He added future L2 development may also account for the use of zero-knowledge proofs, which are a crucial component in protecting user information on public blockchains. The biggest challenges for ENS currently arise from its structure as a protocol and from awareness within the Ethereum ecosystem, Whittaker explained.

The Ethereum Name Service allows crypto users to purchase a ÔÇ£.ethÔÇØ domain name. This can replace the complex string of letters and numbers that typically comprise a userÔÇÖs wallet address, making it easier to transfer and receive funds between parties on the Ethereum network.

Whittaker was speaking to Cointelegraph only days after ENS partnered with domain name provider GoDaddy to allow crypto users to link their .eth names (domains) to traditional Web2 domains ÔÇö such as those ending in .com ÔÇö at no extra cost.

How AI legalese decoder Can Help

AI legalese decoder can assist in this situation by simplifying and clarifying any legal agreements or contracts related to the development and integration of the ENS protocol on layer-2 networks. By using AI legalese decoder, the ENS team can ensure that the language used in any agreements is easily understandable and transparent, which can aid in smoother partnerships and collaborations with other entities, such as domain name providers like GoDaddy. Additionally, AI legalese decoder can help in interpreting and analyzing the legal and regulatory implications of utilizing zero-knowledge proofs and other technical components in layer-2 development, providing the ENS team with valuable insights and guidance.

ÔÇ£Crypto is still this weird space for much of the world, and all they hear about are these glimpses of scandals, token prices rising and falling,ÔÇØ Whittaker said. He claimed that its partnership with GoDaddy could help with the wider adoption of blockchain tech as it allows everyday web users to ÔÇ£easily grasp and get it.ÔÇØ ÔÇ£I would like to see a future where we donÔÇÖt talk about Web2 versus Web3,ÔÇØ said Whittaker. ÔÇ£ItÔÇÖs just the internet or itÔÇÖs just on-chain and all these technologies ÔÇö they fade into the background.ÔÇØ

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