ENS Labs will launch its own L2 network

BlockBeats news, on November 11, CoinDesk reported that ENS Labs, the company behind the Ethereum Name Service, is advancing plans to launch its own layer 2 network. Katherine Wu, chief operating officer of ENS Labs, said the new network’s name chain should be online around the end of next year. It will use zero-knowledge aggregation, a scaling technology that speeds up blockchain transactions and reduces execution costs by compressing the amount of data published on-chain.

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