Ethereum Name Service plans layer-2 migration to reduce gas fees, boost speed


$ 104,669.3
€ 91,673.5
¥ 38,800.0
£ 77,224.5
BTC
-0.75 %
$ 2,603.96
€ 2,281.13
¥ 965.28
£ 1,920.95
ETH
0.48 %
$ 310.69
€ 272.17
¥ 115.38
£ 229.31
XMR
-9.89 %
$ 87.68
€ 76.77
¥ 32.52
£ 64.68
LTC
-1.57 %

The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network.