The developers of Ethereum's decentralized domain naming protocol, Ethereum Name Service (ENS), are considering building their own Layer 2 network.
Khori Whittaker, CEO of ENS, confirmed during an interview with Cointelegraph that the protocol developers are investigating ways to integrate ENS with Ethereum’s Layer 2 ecosystem and even build its own L2 network.
During the interview, Whittaker also said that the team's current research in this regard focuses on Optimism, one of Ethereum's main second-layer protocols, which uses Optimistic Rollup technology to provide a fast, simple, and secure EVM-equivalent infrastructure where developers can build innovative solutions.
While Whittaker did not reveal further details of his new plans, he suggested that the crypto community can expect to see tangible results from his new research later this year.
L2, a fundamental ecosystem for Ethereum
Layer 2 or LXNUMX blockchains have become a fundamental element for Ethereum's scalability. Currently, the mainnet is processing More than 1 million transactions per day, on average, according to data from the Etherscan platform. This operational load on the network affects transaction costs. The high demand for blockchain block space has driven up commission fees, becoming prohibitive for many users of the ecosystem.
The role of L2 networks is to increase the scalability of the chain, so that it can process a greater number of transactions, optimizing performance and reducing costs.
Source: Etherscan
Zero Knowledge Tests in the Future of L2
In addition to his revelations about the possible construction of an L2 of his own, Whittaker also spoke about the important role that Zero Knowledge (ZK) technology can play in the future development of Ethereum's Layer 2 ecosystem.
Zero-knowledge proofs or ZK are an innovative technology focused primarily on privacy and security. However, this technology also allows for increased scalability of a chain, facilitating faster and cheaper transactions.
According to Whittaker, ENS L2 may consider integrating Zero-Knowledge proofs, in order to increase the security of its users' data and information.
Ethereum Name Service is a decentralized naming protocol for Web3, allowing people to assign human-readable names to their ETH and other cryptocurrency addresses, as well as hashes and metadata, enabling more seamless interaction with decentralized applications and the broader crypto ecosystem.
Recently, Web3 Protocol partnered with GoDaddy, one of the largest providers of traditional domain names, with the idea of simplifying the use of decentralized domains and bridging the gap between the Domain Name System (DNS) and blockchain technology.
Continue reading: Dencun could be implemented on the Ethereum mainnet on March 13
