ENS Labs, the corporate behind the Ethereum Title Service, stated 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 big Consensys. It’s the seventh-largest rollup community, in response to L2Beat, with $1 billion locked in its ecosystem.
ENS Labs stated it picked Linea to construct its community for 2 causes. “One is kind of values alignment,” stated Nick Johnson, the founder and lead developer of ENS. The opposite has to do with pace.
Rollups are a particular sort of blockchain the place one can transact sooner 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, against this, 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 ebook 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 tackle. 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’d like quick finality,” Johnson stated. 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 doable. And to do this and have it stay decentralized and safe, we’d like quick finality, and optimistic roll-ups cannot ship that,” Johnson stated.
The information comes as different main crypto initiatives announce their intentions to roll out layer-2 networks, although in contrast to ENS, a few of the greatest names in blockchain have tapped Optimism’s OP Stack to construct out their networks.
ENS shall be one of many first main initiatives 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 software Standing.)
The group behind Linea stated final month that it plans to problem a Linea token. Each Johnson and Nicolas Liochon, the founding father of Linea, informed CoinDesk that there are not any concrete plans but for a way that token could be used within the Namechain ecosystem.
Liochon stated having the Namechain group engaged on the Linea stack will assist strengthen and decentralize the L2 protocol.
“We actually need to have a number of organizations contributing to Linea, and we work on having extra organizations too, as a approach to make [the network] safer,” he stated. “So actually, we need to have a number of groups so there is no centralization level.”
Learn extra: Ethereum’s ENS Id System Set to Launch Personal Layer-2 Blockchain
