ENSv2 Activation Proposal Would Stop New ENSv1 Domain Registrations
(4 hours ago) · 1 source · Summarized by CryptoBipto
A proposal related to the activation of ENSv2 would halt new registrations on the current ENSv1 system. The move is part of the Ethereum Name Service's planned upgrade to a new version of its naming protocol. Existing ENSv1 registrations would not be affected, but new users would need to use the updated system.
WHY IT MATTERS
Think of ENS like a phonebook for crypto wallets. Instead of sharing a long string of random characters as your wallet address, you can register a simple name like 'yourname.eth' that people can use to send you funds. ENSv2 is an upgrade to this naming system, similar to how websites sometimes move to a new platform. This proposal would mean that if you want to register a new '.eth' name, you would need to do it through the newer ENSv2 system rather than the original one. For anyone already holding an ENS name, the proposal is not expected to take those names away, but the details of how the transition works are still being discussed.
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