ENS Labs, the entity within the support of the Ethereum Title Service (ENS) network, plans to take the blockchain naming provider to layer 2 infrastructure.

In a weblog put up on Can even 28, ENS Labs proposed that the next skills of ENS would be called “ENSv2” and would focal point on migrating core ingredients of the protocol from the Ethereum mainnet to a layer 2 network.

“We judge that now is the right time for us to start up transferring ingredients of ENS, just like .eth title registration, to L2,” said ENS Labs in a put up on X.

“Beyond the advantages of reduced gas prices and elevated transaction speeds, extending ENS to make exhaust of an L2 opens the door for us to re-architect ENS in accordance with the final 7 years of our skills constructing at the frontier.”

ENS is a domain naming arrangement constructed on Ethereum that permits the randomly generated numbers and letters in a habitual wallet address to be converted into extra recognizable words. These human-readable names minimizes the possibility of sending funds to the unsuitable address.

The ENS DAO has save forth a proposal for the neighborhood to deliberate on whether this transfer is a step within the right direction, and the draw in which in which the proposed migration would take residing.

ENS Labs hasn’t made up our minds whether it intends to determine on an new layer 2 network to migrate to, or whether to create out its non-public custom network, however the proposal entails a formal seek info from for extra funding from the DAO to support both of these two instances.

“Within the impending weeks we are succesful of save forward an executable proposal to hunt info from an annual funds enlarge of 4 million USDC, which can be essentially allocated to hiring extra developers and holding infrastructure costs associated to L2 pattern and deployment,” said ENS Labs within the proposal.

To info its resolution making direction of, ENS has developed a framework to determine on the ideal layer 2 network. The vital necessities would be a network that’s Ethereum Digital Machine (EVM) neatly matched, decentralized, censorship-resistant and start offer.

In stammer to lower the disruption to decentralized purposes (dApps), wallets, and customers, the planned migration would take residing in phases. It is far price noting that customers can savor the flexibility to preserve their domains on the mainnet within the occasion that they select no longer to migrate to the layer 2 network.