ENS Labs Chooses Linea’s Technology for Namechain Layer-2 Network
ENS Labs, the company behind the Ethereum Name Service, announced on Tuesday that it has selected Linea’s technology to build its upcoming layer-2 network, Namechain.
Linea: A Game-Changing Zero-Knowledge Rollup
Linea, a zero-knowledge rollup introduced in July 2023, was developed by Consensys, a prominent Ethereum infrastructure provider. Currently ranked as the seventh-largest rollup network by L2Beat, Linea boasts a staggering $1 billion locked in its ecosystem.
Why Linea was Chosen by ENS Labs
ENS Labs cited two primary reasons for choosing Linea to build Namechain. Nick Johnson, the founder and lead developer of ENS, emphasized the values alignment between the two companies. Additionally, the speed offered by Linea’s zero-knowledge rollup technology played a crucial role in the decision-making process.
The Importance of Fast Finality in Layer-2 Networks
Rollups, a specialized type of blockchain, enable faster and more cost-effective transactions. Zero-knowledge rollups, in particular, leverage zero-knowledge cryptography to secure and finalize proofs within minutes, making them a preferred choice for projects like ENS that require fast finality.
ENS: The Domain Name Service for Web3
Often referred to as “the phone book for Web3,” ENS simplifies the complex Ethereum wallet addresses by assigning human-readable names like parishilton.eth. This user-friendly approach enhances the usability and accessibility of the Ethereum ecosystem.
Future Plans for Namechain and Linea Token
ENS will be among the first major projects to leverage Linea’s technology for its layer-2 blockchain. The Linea team recently announced plans to issue a Linea token, although specific details regarding its utilization within the Namechain ecosystem are yet to be determined.
Both Johnson and Nicolas Liochon, the founder of Linea, expressed their commitment to fostering collaboration and decentralization within the L2 protocol. By having multiple organizations contribute to Linea, the network’s security and resilience can be further strengthened.
Conclusion
As the blockchain industry continues to evolve, the adoption of layer-2 solutions like Namechain powered by Linea’s cutting-edge technology signals a significant step towards scalability and efficiency. With a shared vision of decentralization and innovation, ENS Labs and Linea are poised to shape the future of Web3.
Read more: Ethereum’s ENS Identity System Set to Launch Own Layer-2 Blockchain