Ethereum addresses and their 42 characters have become an important part of the Web3 ecosystem. However, remembering these addresses is nearly impossible unless you have an exceptional memory. A solution is provided by the Ethereum Name Service (ENS), a decentralized naming protocol built on the Ethereum blockchain. As of July 30, ENS domains have been launched on Linea, the fastest growing zkEVM on Ethereum.
Importance of ENS
ENS functions similarly to the Domain Name System (DNS), which changed the face of the Internet by converting human-readable domains into machine-readable IP addresses. ENS converts blockchain addresses into human-readable labels. As a truly decentralized protocol, ENS is governed by the ENS DAO and relies on immutable and transparent smart contracts to parse records and convert names into addresses.
History of ENS: The first name for ENS was minted in 2017, founded by engineer Nick Johnson. Over time, the importance of ENS in the Ethereum ecosystem has become increasingly apparent. ENS improves the user experience, reduces the possibility of transaction errors, increases accessibility, and establishes a new forum for decentralized digital identity.
This progress complements the growth of the Ethereum ecosystem, especially due to the launch of Layer 2 (L2) blockchains such as Linea, which reduce fees and increase transaction speeds, thus promoting the adoption of decentralized applications (dapps) Wider adoption. Views shared by Ethereum co-founder Vitalik Buterin in early 2024 stated that L2 would be critical to the burden on ENS.
Linea's innovation
Today, Linea has become the first zkEVM Layer 2 to adopt the EIP-3668 standard in production, realizing the vision of running ENS with lower gas costs and improved interoperability. Users can switch their wallet addresses to human-readable domain names that are easy to remember, while developers can use CCIP Read (ERC-3668) for cross-chain data retrieval.
Security first: Security is always the top priority. In order to make the network a safe place to trade, Linea has audited all relevant smart contracts to comply with security standards.
Consumer benefits: The launch of ENS on Linea allows users with Proof of Humanity (PoH) to replace their wallet address with a free and easy-to-remember domain. This brings several benefits:
Cost effective
Managing ENS on the Ethereum mainnet often involves high gas fees, especially during peak network usage periods. Relatively speaking, Linea can significantly reduce these costs due to its L2 efficiency, making the management of ENS more affordable for users.
Interoperability: ENS on Linea can be resolved on every ENS-compatible dapp and network, meaning users can easily use their ENS names no matter which platform they are on.
Developer Benefits
CCIP Read (ERC-3668) allows transparent off-chain data query, providing a universal solution for effective access and verification of external data. This means developers can now query Linea data from L1 using CCIP Read (ERC-3668). Here are a few benefits of this change:
Cost reduction: By using ENS on Linea, developers can enjoy higher transaction speeds while reducing transaction costs, which is very attractive to developers.
Data transparency: The introduction of CCIP Read enables developers to access data more transparently, which is crucial for building decentralized applications and services. Developers can more easily obtain the data they need and integrate it into their applications.
Summarize
The launch of ENS on Linea not only brings many benefits to consumers and developers, but also injects new vitality into the development of the entire Ethereum ecosystem. With the popularity of decentralized applications and the further development of L2 solutions, ENS will play an even more important role in the future.
In this digital age, ENS is more than just a name service, it is a cornerstone that promotes decentralized identity and asset management. As technology advances and user needs grow, the future of ENS is filled with endless possibilities.