ENS Labs, the company behind the Ethereum domain name service ENS, is moving ahead with its plans for the L2 network. Katherine Wu, chief operating officer of ENS Labs, said the new network Namechain should go live by the end of next year. It will use zero-knowledge rollup. "This technology allows Namechain to process and execute transactions outside the main Ethereum network, while still inheriting the full security of Ethereum, but at a fraction of the cost," ENS Labs said in a press release on Monday. Wu said the new network will leverage the infrastructure of an existing zero-knowledge chain compatible with EVM, and the team is in the final stages of choosing which zkEVM to use. (CoinDesk)