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ENS Labs, the team behind the widely-used Ethereum Name Service (ENS), has announced an important upgrade.

ENS Labs proposes upgrading the Ethereum Name Service to a layer-2 blockchain to reduce costs and improve scalability.

ENS Labs has proposed ENSv2, a upgrade that aims to expand Ethereum Name Service to Layer 2 networks and enhance its scalability.

ENS's proposal, dubbed “ENSv2,” will completely overhaul the network's registry system, and transform it into a layer 2, an auxiliary network that provides cheaper transaction fees that is settled on Ethereum.

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

Ethereum Name Service (ENS), a token intricately linked to a decentralized naming system, has surged to unprecedented heights, outshining industry giants Bitcoin and Ethereum in a remarkable display of strength and resilience. As investors and enthusiasts alike marvel at its meteoric rise, the story behind ENS's ascent unveils a fascinating narrative of innovation, opportunity, and the relentless pursuit of success in the dynamic world of digital assets.

Ethereum Name Service (ENS) traded above its one-year peak and turned into one of the strongest gainers for the past week. After locking in $26, ENS returned among the top 100 coins and tokens.

As the Bitcoin and Ethereum price aims for a bullish week, the altcoins siphon additional momentum in the market for a quick jump. With a trend reversal anticipation in Synthetix and the bull run gaining momentum in ENS, the buyers expect a massive jump this week.

In an intriguing turn of events, a cryptocurrency with Ethereum (CRYPTO: ETH) in its name has outperformed the original blue-chip currency in weekly gains. What Happened: Ethereum Name Service (CRYPTO: ENS) nearly doubled over the week, according to data from Benzinga Pro, becoming the market's largest gainer in the said time period.

Large wallet investors, or “whales,” have recently shown increased interest in Ethereum-based altcoins. On-chain crypto intelligence trackers have noted significant buying activity of ENS, UNI, AAVE, LDO, and LINK tokens. This surge follows the SEC's recent approval of the Ethereum ETF, which analysts interpret as a positive signal for the altcoin market.

Ethereum Name Service (ENS) price nearly broke through the 2024 highs, but broader market cues pulled it down before it could.

Ethereum Name Service (ENS), Lido DAO (LDO), and Pyth Network tokens staged a strong recovery this week as the fear and greed index turned green. LDO jumped to a high of $2.31 on Tuesday, its highest swing since April 12th.

Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance.

The Ethereum Name Service (ENS) has launched a legal challenge against Unstoppable Domains (UD), sparking a notable dispute within the blockchain sector over a contentious naming patent.

Ethereum Name Service (ENS) has initiated a legal challenge against Unstoppable Domains (UD). It focuses on a contentious blockchain naming patent, marking a significant dispute in the blockchain industry.

Some crypto community members argued against the petition, while others supported ENS' move against Unstoppable Domains.

Ethereum Name Service has petitioned to challenge a patent by Unstoppable Domains, claiming the rival blockchain naming firm infringed on ENS's open-source tech. The post Ethereum Name Service challenges Unstoppable Domains' patent appeared first on Crypto Briefing.

Ethereum Name Service claims that Unstoppable Domains used ENS's open-sourced technology in the patent.

Ethereum Name Service has integrated with .box domain names that can routed on web browsers similarly to conventional internet domains.

Confidence in the project continues to grow despite relatively valid concerns.

Rising DeFi Star Ethena Garners Attention Ethena (ENA), a recently launched DeFi project, has been making waves in the cryptocurrency world. Its price has surged over 20% in a short period, sparking investor interest. This newfound popularity can be partly attributed to a bold prediction by Arthur Hayes, co-founder of BitMEX.

This integration lets users see ENS details like Ether balances and last transaction times, all compiled by Etherscan. This feature significantly eases public access to blockchain data, streamlining Ethereum wallet tracking.

ENS simplifies crypto transactions with human-readable domains linked to wallets, replacing complex addresses.

The latest move by Google aims to streamline Ethereum transactions and enhance the industry's visibility.