ENS Activates Upgraded Naming System with DAO Approval
Key Summary
ENS seeks DAO approval to activate an upgraded Ethereum naming system, introducing a redesigned registry architecture with more flexible domain management and permissions. Existing domain holders will not need to migrate, while new registrations will be temporarily unavailable for several hours during the transition. The upgrade aims to improve data security and reduce the risk of further cyber attacks in the cryptocurrency industry.
Introduction
The Ethereum Name Service (ENS) is seeking approval from its decentralized autonomous organization (DAO) to activate an upgraded naming protocol on the Ethereum mainnet.\\n\nBackground\nThe upgrade, dubbed ENSv2, introduces a redesigned registry architecture with more flexible domain management and permissions. Existing domain holders will not need to migrate, while new registrations will be temporarily unavailable for several hours during the transition.\n\n
Proposal Details\nThe upgrade is the result of a draft proposal submitted by ENS founder Nick Johnson. The proposal outlines the following key features: \n\n- Existing domain holders will continue to function normally without migrating.\n\n- New .eth registrations will pause for hours during the transition.\n\n- The DAO will have more control over the upgraded contracts.\n\n- The ENS Labs will transfer its remaining administrative control to the DAO once the upgrade is activated.\n\n
DAO Approval Process\nThe upgrade 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 will be subject to a minimum two-day timelock before execution. A voting date has not yet been announced.