🛑 ENS Labs Strategic Turnaround: Announces Abandonment of Namechain 🛑
Dear investors, please note that the development team behind Ethereum Name Service (ENS) has just dropped a bombshell: they have officially announced the halt of development on its independent L2 network, Namechain.
What happened? 🤔
ENS founder Nick Johnson admitted that the pace of Ethereum's development has far exceeded expectations from two years ago. Here are the key reasons:
Ethereum's scalability exceeded expectations: A few years ago, there were concerns about high transaction fees, but the current scaling efficiency has reduced the necessity of an independent L2. Gas costs have significantly decreased: With the gas limit raised from 30M to 60M, along with a series of upgrades to Ethereum, network congestion has been greatly alleviated. Registration costs plummeted by 99%: Over the past year, the cost of registering an ENS domain name has dropped by nearly 99%.
Nick Johnson stated, "The speed of Ethereum's scaling is faster than almost everyone predicted." Since the mainnet is already cheap and efficient enough, the marginal effect of creating another chain has significantly decreased.
What does this mean for the market?
Victory for Ethereum's roadmap: This decision reaffirms that Vitalik Buterin's scalability roadmap centered around Rollups is achieving substantial success. Focus on core products: Instead of spreading resources across operating a new chain, ENS will focus more on optimizing user experience within the existing L2 ecosystem. Industry signal: This may prompt other projects planning to launch L2 to reconsider: in today's context of improving Ethereum performance, does every protocol really need its own "AppChain"?
Do you think ENS's abandonment of "chain building" is a wise move, or a missed opportunity to construct its own closed-loop ecosystem? Feel free to share your thoughts in the comments! 👇
#ENS #以太坊 #ETH #Layer2 #Namechain