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Ethereum Name Service and Godaddy Partner for Blockchain Domains, as Ethereum’s Block Size Is Explored

Ethereum Name Service (ENS) has forged a partnership with domain registrar giant GoDaddy, aiming to integrate traditional domain names with blockchain-based naming protocols.

This collaboration marks a major move towards bridging the gap between the Domain Name System (DNS), utilized by conventional websites, and blockchain technology.

The initiative promises to empower users with the ability to link their domain names to ENS, offering access to ENS’s robust blockchain infrastructure without any additional costs or technical expertise requirements.

With over 20 million GoDaddy users poised to benefit from this integration, the advantages of ENS’s blockchain functionality, such as facilitating crypto payments, will now be within easy reach.

It is worth noting that ENS stands as a leading naming protocol in the crypto sphere, allowing users to assign human-readable names like “bob.eth” to lengthy and intricate Ethereum addresses, akin to the functionality of DNS in website URLs.

The partnership enables GoDaddy users to effortlessly connect their traditional domains, such as those ending in .com, to their ENS-compatible crypto wallets, bringing in a new way to make getting crypto payments easier than ever before.

In addition to simplifying domain interactions, the collaboration addresses past hurdles, such as high gas fees, by implementing innovative smart contracts for seamless DNS to ENS domain linking, thus enhancing the transition process.

ENS’s commitment to bridging the gap with the traditional web is evident through ongoing initiatives, including the introduction of (.box) domains that function similarly to standard internet domains, further solidifying its position as a pioneering force in the realm of decentralized naming systems.

Exploring Solutions for Ethereum’s Block Size Optimization

On another note, Ethereum co-founder Vitalik Buterin and researchers from the Ethereum Foundation are exploring ways to optimize Ethereum’s blockchain for a “rollup-centric roadmap.”

With a focus on rollups in the medium and long term, they argue that the current utilization of block space is poor, noting a doubling of the effective block size over the past year due to trends like increasing usage of Ethereum for Data Availability (DA) and Inscriptions.

One proposed solution involves reducing the maximum size of certain parts of Beacon blocks to make room for more data blobs. These solutions aim to increase block gas limits and disincentivize the use of calldata, thereby reducing the maximum block size and variance to accommodate more data blobs in the future.

However, increasing the gas limit to accommodate more transactions must be balanced with network performance and security concerns. One approach is to increase the cost of calldata, which refers to the data provided as input to smart contract function calls.

This would disincentivize using calldata for data availability but could negatively impact applications like StarkNet that rely on large calldata for on-chain proofs, according to Cointelegraph.

Another solution involves creating a separate calldata fee market to potentially increase gas limits, allowing the price for using calldata to adjust based on demand. However, this approach adds complexity to analysis and implementation.

A final idea is offering an “EVM loyalty bonus” to compensate calldata-heavy apps. This approach aims to balance the cost of calldata while reducing the cost of some operations or incentivizing the use of calldata within the Ethereum Virtual Machine (EVM).

While these solutions offer potential benefits, they also pose challenges and trade-offs. Finding a balanced approach that optimizes block size while maintaining network performance and security remains a key priority for Ethereum developers.

News Desk

Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)

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