Ethereum’s ENS Identity System Picks Consensys’ Tech for Its Layer-2
ENS Labs, the corporate behind the Ethereum Title Service, mentioned Tuesday that it picked Linea’s know-how to construct its upcoming layer-2 community, Namechain.
Linea is a zero-knowledge rollup that got here out in July 2023 and was constructed by Ethereum infrastructure large Consensys. It’s the seventh-largest rollup community, based on L2Beat, with $1 billion locked in its ecosystem.
ENS Labs mentioned it picked Linea to construct its community for 2 causes. “One is form of values alignment,” mentioned Nick Johnson, the founder and lead developer of ENS. The opposite has to do with velocity.
Rollups are a particular kind of blockchain the place one can transact quicker and at a decrease price. There are two sorts of rollups: optimistic and zero-knowledge. Optimistic rollups use optimistic proofs, which have a seven-day window to dispute transactions earlier than they’re finalized (proofs are assumed to be “optimistic” that nobody will dispute their contents). Zero-knowledge rollups, in contrast, use zero-knowledge cryptography, seen by many as a superior know-how, to safe proofs and finalize these proofs inside minutes.
ENS has been described as “the telephone e book for Web3,” however a extra exact analogy is the net’s area identify service (DNS). The area identify “CoinDesk.com” is simpler to recollect and kind than a numerical IP handle. Equally, ENS handles like parishilton.eth, which the namesake heiress acquired in 2021, are extra relatable than the strings of letters and numbers that make up Ethereum pockets addresses.
For this service, “we want quick finality,” Johnson mentioned. That is as a result of “you need to have the ability to replace your ENS identify and have the chain mirror it within the smallest interval attainable. And to do this and have it stay decentralized and safe, we want quick finality, and optimistic roll-ups cannot ship that,” Johnson mentioned.
The information comes as different main crypto tasks announce their intentions to roll out layer-2 networks, although not like ENS, a number of the greatest names in blockchain have tapped Optimism’s OP Stack to construct out their networks.
ENS will likely be one of many first main tasks to construct out a layer-2 blockchain based mostly on Linea’s know-how (Linea can also be constructing a layer-2 community for blockchain pockets utility Standing.)
The crew behind Linea mentioned final month that it plans to situation a Linea token. Each Johnson and Nicolas Liochon, the founding father of Linea, informed CoinDesk that there are not any concrete plans but for the way that token could be used within the Namechain ecosystem.
Liochon mentioned having the Namechain crew engaged on the Linea stack will assist strengthen and decentralize the L2 protocol.
“We actually wish to have a number of organizations contributing to Linea, and we work on having extra organizations too, as a solution to make [the network] safer,” he mentioned. “So actually, we wish to have a number of groups so there isn’t any centralization level.”
Learn extra: Ethereum’s ENS Id System Set to Launch Personal Layer-2 Blockchain
