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]