ENS seeks DAO approval to activate upgraded Ethereum naming system

Abstract:ENS founder Nick Johnsons draft faces a seven-day DAO vote requiring 1% participation and majority backing, plus a two-day timelock before execution.

Ethereum Name Service (ENS) is seeking approval from its decentralized autonomous organization (DAO) to activate an upgraded naming protocol on the Ethereum mainnet.

ENS founder Nick Johnson submitted an executable draft proposal to activate ENSv2, the next version of the protocol. If approved, the upgrade would freeze new registrations on the original ENS registrar while allowing existing domain holders to continue renewing their names.

The upgrade introduces a redesigned registry architecture with more flexible domain management and permissions. After the activation, ENS Labs plans to transfer its remaining administrative control over the upgraded contracts to the DAO.

New .eth registrations would move to the upgraded system once domain records have been synchronized. Johnson warned that new registrations would be temporarily unavailable on either version for several hours during the transition.

Existing domain holders are not required to migrate, and their names would continue functioning normally, according to the proposal. ENS Labs also reserved existing .eth names for their current owners on the upgraded system, allowing users to migrate when ready.

The activation proposal remains in draft stage and must advance to an onchain DAO vote before implementation.

Under ENS governance rules, executable proposals require at least 1% voter participation, representing 1 million ENS votes, and majority approval during a seven-day voting period. If approved, the upgrade would be subject to a minimum two-day timelock before execution. A voting date has not yet been announced.

Related: Ethereums zkAPI brings privacy-preserving API payments to mainnet

Disclaimer

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Previous Post

Fridges Hacked, Food Ruined, Fires Sparked: Frances Strangest Hack Yet

Next

MediaMarktSaturn pulls Ledger products amid tampering reports