ENS Abandons Namechain L2 Plans as Ethereum Gas Fees Plummet 99%
The Ethereum Name Service has scrapped its planned Layer 2 blockchain, Namechain, citing dramatically lower gas costs on Ethereum’s main network. Instead, ENS will deploy its ENSv2 upgrade directly on Layer 1. In a Friday blog post, ENS lead developer nick.eth attributed the decision to a “99% reduction in ENS registration gas costs over the…
