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With its NFT-powered domains, Ethereum Name Service (ENS) has been a cornerstone of Ethereum’s app scene since its inception in 2017.
Now, the protocol’s stewards at ENS Labs just introduced their biggest development proposal yet: ENSv2.
This next-gen implementation would extend ENS to an as-yet selected Layer 2 (L2) network for reduced costs, faster transactions, and enhanced functionalities. Here’s a breakdown of the system's basics and why it marks a significant leap forward.
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