ENS token rises 10% as ENS Labs reveals 'Namechain’ Ethereum L2 

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

The Ethereum Name Service (ENS) token rose more than 10% as ENS Labs announced details of its new Ethereum layer-2 solution “Namechain.”

Namechain is a purpose-built Ethereum layer-2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives said in a presentation at the “frENSday” conference in Bangkok on Nov. 11.

Namechain will work in tandem with “ENSv2” — the protocol that enabled ENS to expand to Ethereum L2s.

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