Ethereum Naming Service Launches NameChain Layer-2: Here’s What to Know
The new layer-2 race is heating up as Ethereum Naming Service launches Namechain, a futuristic network that could boost ENS price in 2024.
The buzz around the Ethereum Naming Service Namechain, a futuristic Layer 2 network, is palpable. Namechain is crafted to refine the decentralized naming system, promising smoother user interactions and operational flair. Additionally, we want to share one Ethereum-based meme coin set to 100x this bull run.
As the crypto community gears up for its late 2025 rollout, the promised leap in interoperability and budget-friendly operations is stealing the spotlight.
Ethereum Naming Service: What is Namechain?
Namechain is emerging as a game-changer in the Layer 2 arena. It enhances ENS by transforming crypto addresses into user-friendly names, which is set to revolutionize blockchain interactions.
By harnessing zero-knowledge proof tech, Namechain shifts transactions away from Ethereum’s crowded lanes while retaining that signature Ethereum security.
One of Namechain’s standout features is its focus on interoperability. Designed to support seamless L2-to-L2 bridging, Namechain will allow users to initiate ENS operations from any Layer 2 network.
This flexibility is expected to lower barriers to entry and enable users to manage their ENS activities across different L2s without the need for complex transitions.
Jeff Lau, co-founder of ENS, highlighted this feature: “Namechain is L2-agnostic, allowing users to start their ENS journey from any L2 network.”
Namechain’s standout feature is its ability to slash costs in name registration and management. Ethereum Naming Service Labs promises a staggering 99% fee reduction compared to Layer 1 networks, throwing open the doors of ENS to a wider crowd.
This move is central to their mission to make decentralized naming services available to all, drawing in more users with its affordability.
The Future of ENS with Namechain
Namechain isn’t just a standalone initiative; it’s a vital component of a broader movement known as ENSv2. Unveiled earlier this year, ENSv2 aims to expand ENS’s functionalities onto Ethereum’s Layer 2 networks, making the service more flexible and affordable.
The introduction of Namechain aligns with this vision by providing the necessary infrastructure to support this expansion.
“With ENSv2 and Namechain, it will be significantly easier to register names, update records, manage decentralized websites, and more.” – Greg Skril, ENS Labs developer relations lead
ENS Labs is quietly laying the foundation for Namechain to collaborate with industry giants, keeping the details close to the vest. This alliance aims to pool the technical know-how and resources essential for Namechain’s smooth rollout and uptake.
Ethereum Naming Service Vs. Pepe Unchained (A 100X Gem?)
In the heat of its presale, Ethereum’s memecoin Pepe Unchained, has hauled in over $26 million. Right now, PEPU is a steal at $0.01249 a pop. Investors from all corners of the globe are lining up, eager to snag a deal with the team while the price is right.
99Bitcoin’s YouTube experts are placing bets on PEPU, predicting it could skyrocket to 100 times its value.
Pepe Unchained introduces Pump Pad, a meme launchpad akin to Solana’s Pump.fun or Tron’s SunPump. Pump Pad is a simple, two-click process for unleashing coins on Pepe Chain. Moreover, Pepe Chain is set to outpace Ethereum by 100 times, boasting scalability and almost non-existent fees—music to the ears of degen traders on the hunt for fresh meme coins.
To earn even PEPU, presale investors are staking in record numbers. Over 1.7 billion PEPU have been staked, receiving a 91% APY.
GET IN ON ABOUT PEPE UNCHAINED HERE
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