Ethereum Name Service announced that ENSv2 will be deployed exclusively on Ethereum L1 and that development of its in-house L2, Namechain, has been discontinued. The halt of Namechain does not affect ENSv2’s feature roadmap, with related contracts as well as the ENS App and ENS Explorer now in public alpha. https://t.co/LQDNE24Wfp ...

Core Viewpoint - Ethereum Name Service (ENS) has announced that ENSv2 will only be deployed on Ethereum L1 and will cease the development of its self-developed L2 "Namechain" due to significant improvements in scalability and registration costs on Ethereum L1 [1] Group 1 - The decision to stop the development of Namechain is based on the realization that the reasons for building an independent L2 are no longer sufficient [1] - The cessation of Namechain development will not affect the progress of ENSv2's functionality, as related contracts and applications have entered the public alpha phase [1] - Remaining on L1 allows ENS to leverage Ethereum's native security and decentralization features [1] Group 2 - The technical experience gained from Namechain will be utilized to enhance ENS's interoperability support for various L2 solutions [1]

Product Announcement - ENS Domains announces the launch of ENS App and ENS Explorer [1] - ENS App focuses on user-friendly name registration and identity management [1] - ENS Explorer provides advanced ownership capabilities for ecosystem builders [1] Company Strategy - ENS aims to be a UX protocol, evolving into the identity infrastructure of web3 [1] - ENS initially aimed to replace complex wallet addresses with human-readable names [1]