ENS Seeks DAO Approval for ENSv2 Mainnet Activation
Key Facts
Ethereum Name Service (ENS) is seeking DAO approval to activate the ENSv2 upgrade on the Ethereum mainnet, crypto-economy.com reported. The move marks a transition from a flat registry system to a more scalable and customizable hierarchical structure for decentralized identity.
The upgrade will freeze new v1 .eth registrations while preserving all existing ownership and renewal rights for current holders. ENSv2 introduces hierarchical registries and flexible subname permissions to enhance the protocol's scalability and customization features.
Latest Updates · 1
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Update: The ENSv2 activation draft includes a technical condition where migrating a name to the new system will permanently end its management capabilities on the v1 registry. This measure is designed to ensure the stability of the new hierarchical structure and prevent registry conflicts during the transition phase.