Ethereum Name Service (ENS) is decentralized. According to the message from the project creator onDecember 14.
ENS is the nomenclature for blockchains. Ethereum to add human-readable names to resources Including crypto wallets and websites Until now, the project’s root node has been managed by members of the Ethereum community.
ENS founder Nick Johnson has confirmed the ownership change in a post on X:
“This is truly the end of an era. And here is the message I just sent to ENS root key holders requesting that their final authority be transferred to the DAO.”
Johnson stated that ENS’s Decentralized Autonomous Organization (DAO), a governance group founded and controlled by ENS token holders, has voted unanimously to gain control of the project’s root node.
Previously managed ENS multisig includes Sergey Nazarov from Chainlink, Dan Finlay from Metamask, Taylor Monahan from MyCrypto, Aron Fischer from Colony, Jason Carver and Martin Swende from the Ethereum Foundation, and Johnson himself.
Johnson addressed those individuals in a message, writing: “Thank you so much … for helping ENS over the years.”
ENS governance will be more open.
ENS’s DAO is a governance group made up of token holders who vote on decisions and issues related to the project by staking their tokens.
followLatest offersThe DAO already has many ownership responsibilities. But it has not been possible to control the core ENS root name of ENS until now.
DAOs gain unique capabilities by controlling the ENS root, which allows DAOs to create, manage, and permanently lock top-level domains in addition to permanent and immutable .eth domains.
refer : cryptoslate.com
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