Ethereum Name Service now fully decentralized as DAO takes control

Ethereum Name Service (ENS) has achieved decentralized governance, based on a message from the challenge’s creator on Dec. 14.

ENS is a naming system for the Ethereum blockchain that provides human-readable names to numerous sources, together with crypto wallets and web sites. Till now, the challenge’s root node was managed by members of the Ethereum neighborhood.

Nick Johnson, ENS founder, endorsed the change in possession. He wrote on X:

“[This is] truly the end of an era. Here’s the message I just sent to the ENS root keyholders, requesting the transfer of the last of their powers to the DAO.”

Johnson’s hooked up e-mail said that the Decentralized Autonomous Group (DAO) of ENS, which is a governance group shaped and managed by ENS token holders, voted unanimously to accumulate control of the challenge’s root node.

He mentioned that, in response to these voting outcomes, he created a transaction to execute two actions that switch root control to the DAO handle (pockets.ensdao.eth). He wrote that this transaction transfers all remaining multisig duties to the DAO, thereby “retiring the multisig entirely.” It’s unclear whether or not the opposite multisig house owners have accepted the transaction.

People who beforehand managed ENS’ multisig embody Chainlink’s Sergey Nazarov, Metamask’s Dan Finlay, MyCrypto’s Taylor Monahan, Colony’s Aron Fischer, the Ethereum Basis’s Jason Carver and Martin Swende, and Johnson himself. Johnson addressed these people in his message, writing: “Thank you so much … for your service to ENS over the years.”

ENS governance shall be extra open

ENS’ DAO is a governance group comprising token holders that vote on selections and points associated to the challenge by staking tokens.

In response to the latest proposal, the DAO already has a number of possession duties however didn’t have control over the core ENS root identify till now.

The DAO will achieve particular capabilities by controlling the ENS root. The possession change will permit the DAO to create, handle, and completely lock top-level domains other than the everlasting and unchangeable .eth area. It can additionally permit the DAO to replace reverse resolutions that map addresses again to a reputation. The DAO can also introduce main domains on layer-2 networks.

A snapshot signifies that voting concluded on Dec. 15, 2023. Just about 100% of the staked tokens, or 1.9 million ENS, had been staked in favor of DAO possession. Johnson was one of many largest voters, staking 155,000 ENS in favor. Lower than 17 ENS tokens had been staked towards the plan or had been used to abstain.

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