Ethereum Identify Service now absolutely decentralized as DAO takes management

Ethereum Identify Service (ENS) has achieved decentralized governance, in response to a message from the undertaking’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 undertaking’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] really the top of an period. Right here’s the message I simply despatched to the ENS root keyholders, requesting the switch of the final of their powers to the DAO.”

Johnson’s connected e mail acknowledged that the Decentralized Autonomous Group (DAO) of ENS, which is a governance group shaped and managed by ENS token holders, voted unanimously to accumulate management of the undertaking’s root node.

He mentioned that, in response to these voting outcomes, he created a transaction to execute two actions that switch root management to the DAO tackle (pockets.ensdao.eth). He wrote that this transaction transfers all remaining multisig tasks to the DAO, thereby “retiring the multisig totally.” It’s unclear whether or not the opposite multisig homeowners have permitted the transaction.

People who beforehand managed ENS’ multisig embrace 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: “Thanks a lot … to your service to ENS through the years.”

ENS governance might be extra open

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

In line with the most recent proposal, the DAO already has a number of possession tasks however didn’t have management over the core ENS root identify till now.

The DAO will achieve particular capabilities by controlling the ENS root. The possession change will enable the DAO to create, handle, and completely lock top-level domains aside from the everlasting and unchangeable .eth area. It’ll additionally enable the DAO to replace reverse resolutions that map addresses again to a reputation. The DAO might also introduce major 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, have 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 have been staked towards the plan or have been used to abstain.