ENS is like your online phonebook, giving you your own “domain” name that you can use in the world of blockchain. Now, the team behind ENS is taking things up a notch by building a new network called “Namechain.

ENS Labs, the organization behind Ethereum Name Service (ENS), has revealed a Layer-2 solution to boost the scalability of blockchain-based identities.

TL;DR ENS Labs plans to launch its own Layer 2 network called Namechain by the end of 2025. Namechain will focus on interoperability and offering cheaper access to ENS. The project is part of the ENSv2 initiative to expand ENS on Ethereum Layer 2 networks.

Ethereum Name Service (ENS), one of the most established solutions for digital identity on blockchain, is preparing for a major update. ENS Labs, the organization behind ENS, has announced the intention to launch a dedicated Layer-2 network called “Namechain”, based on zero-knowledge rollup (zk-rollups) technology.

ENS Labs, the team behind the Ethereum Name Service (ENS), is moving forward with plans to launch a dedicated layer-2 network called Namechain.

ENS Labs announced plans to launch "Namechain," a layer-2 blockchain using zero-knowledge rollups, scheduled for late 2025 release, aimed at reducing transaction costs while maintaining security for their domain naming service.

ENS Labs has introduced “Namechain,” a new Ethereum layer 2 solution designed to enhance scalability and accessibility for blockchain-based identity. The post ENS Labs Unveils ‘Namechain' Ethereum Layer 2 Solution to Scale Blockchain Identity appeared first on Cryptonews.

Ethereum's ENS work similar to web addresses that simplifies wallet addresses. For instance, Vitalik Buterin uses “Vitalik.eth” instead of a long address.

Namechain is designed to prioritize interoperability and allow users to start ENS from 'any L2 network.'

ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users.

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

Namechain, as the layer-2 blockcain is called, will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.

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TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.

The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.

Google, the giant of technology, has made an important step forward in the world of cryptocurrencies by integrating the Ethereum Name Service (ENS) into its search engine. This new feature aims to simplify access to information about cryptocurrencies, making it easier for users to search for Ethereum domains and directly view the associated balances.

Ethereum Name Service searches now display the main wallet tied to an ENS identity. ENS names are still created, adding the newest meme themes.

The move is part of Google's blockchain support strategy, following initiatives like ETH wallet tracking and blockchain event celebrations.

The SR-2 proposal wants to address many of the concerns currently dragging down the Synthetix protocol.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.

Arianee partners with ENS to enhance on-chain verified identity management for brands, setting a new standard in digital security and authenticity.

The Ethereum Name Service is an open and flexible naming system based on the Ethereum chain. With a primary goal of converting the human-readable address to machine-readable codes for major exchange wallets like Metamask.

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

The new integration could bring Web2 and Web3 users together, which could be the key to unlocking true mainstream crypto payment adoption.

The new integration may bring Web2 and Web3 users together, which could be the key to unlocking true mainstream crypto payment adoption.

ENS domains now replace complex wallet addresses on PayPal and Venmo, making crypto transfers easier. The integration is intended to increase crypto adoption by making digital transactions more user-friendly.

Two prominent payment platforms are offering their support for Ethereum Name Service (ENS) domains. In a new thread on the social media platform X, payment giants PayPal and Venmo are now supporting the ENS domain naming service, which allows users to forgo having to use complicated crypto wallet addresses and instead adopt a representative username.

Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address.

ENS Labs secures key integrations with PayPal and Venmo.

Ethereum Name Service (ENS) has integrated with PayPal and Venmo, enabling users to transfer cryptocurrency using ENS names and simplifying the transaction process for over 270 million U.S. users.

PayPal and its subsidiary, Venmo, have integrated Ethereum Name Service (ENS) into their online payment services, making cryptocurrency transfers easier.

Users will be able to use their ENS names when sending crypto through traditional payment giants.

PayPal and Venmo integrate Ethereum Name Service (ENS) into their payment platforms. The new feature on PayPal and Venmo is expected to enhance crypto adoption by mainstream users.

This new feature, available to users in the USA, simplifies and secures crypto transfers. It integrates Ethereum Name Service (ENS) domains directly into these popular payment platforms.

The integration of ENS by PayPal and Venmo could significantly enhance crypto adoption by simplifying transactions and improving user security. The post ENS token surges after PayPal, Venmo adopt Ethereum Name Service appeared first on Crypto Briefing.

PayPal and Venmo have integrated Ethereum Name Service (ENS) into their platforms, allowing users to send and receive crypto using human-readable usernames instead of complicated wallet addresses, improving transaction accuracy and ease. PayPal and Venmo Integrate ENS for Crypto Transactions A press release from ENS Labs states that the new capability makes managing wallet addresses easier and less prone to errors.

Venmo and PayPal integrated Ethereum Name Service (ENS) names on September 10, allowing over 270 million U.S. users to transfer cryptocurrency using simplified blockchain addresses.

Venmo and PayPal users can now transfer cryptocurrency using Ethereum Name Service (ENS) names, following an integration announced by ENS Labs.

US payment processors PayPal and Venmo have integrated support for Ethereum Name Service, allowing users to send cryptocurrency payments to ENS usernames. According to ENS Labs press release, the new feature streamlines the management of wallet addresses and minimizes the potential for mistakes, as stated by the companies.

The integration allows Venmo and PayPal users to transfer cryptocurrency using simple ENS names, replacing long wallet addresses.

Also, former Alameda Research CEO Caroline Ellison is set to face sentencing on Sept. 24 following fraud charges connected to FTX's collapse.

TL;DR PayPal and Venmo now allow users to send cryptocurrency payments using Ethereum Name Service (ENS) usernames. The new feature, initially available to U.S. users, simplifies wallet address management and reduces transaction errors.

ENS Labs, the firm behind the ENS protocol, has partnered with traditional payment providers PayPal and Venmo to simplify cryptocurrency transfers. The collaboration will allow users to send digital assets using Ethereum Name Service (ENS) names.

PayPal and Venmo have integrated Ethereum Name Service to allow users to send crypto payments using simple ENS usernames instead of long wallet addresses.