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ENS Proposal to Enable ENSv2, New .eth Registrations to Pause for Hours During Transition

OdailyOdaily

Odaily News: ENS founder Nick Johnson has submitted an executable draft proposal requesting that the decentralized autonomous organization (DAO) approve the activation of ENSv2 on the Ethereum mainnet. Once the upgrade is approved, the original ENS registrar will suspend new domain registrations, while existing domain holders can still renew.

ENSv2 will introduce a more flexible domain management and permission architecture. After domain record synchronization is complete, new .eth registrations will migrate to the upgraded system, and during the transition, new registrations on both systems may be suspended for several hours; existing holders do not need to migrate, and their domains will continue to function normally. ENS Labs plans to transfer the remaining administrative permissions of the upgraded contracts to the DAO.

The proposal is still in draft stage and needs to enter the on-chain DAO voting process. According to governance rules, an executable proposal must secure at least 1 million ENS tokens participating and majority support within a 7-day voting period, and after approval, it must undergo a timelock of at least two days. The voting date has not yet been announced. (Cointelegraph)

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