The Ethereum Title Service (ENS) has achieved decentralized governance, in response to a report from the mission’s creator on December 14th.
ENS is a naming system for the Ethereum blockchain that provides human-readable names to varied sources, together with cryptowallets and web sites. Till now, the basis node of the mission has been maintained by members of the Ethereum group.
Nick Johnson, founding father of ENS, supported the change in possession. He wrote on X:
“(That is) actually the top of an period. This is the message I simply despatched to the ENS root keyholders requesting the switch of their final powers to the DAO.”
Johnson’s connected electronic mail said that the ENS Decentralized Autonomous Group (DAO), a governing group created and managed by ENS token holders, voted unanimously to realize management of the mission’s root node.
He stated that in response to those voting outcomes, he created a transaction to carry out two actions that can switch root management to the DAO handle (pockets.ensdao.eth). He wrote that the transaction transfers all remaining multisig obligations to the DAO, “retiring multisig totally.” It’s unclear whether or not the opposite multisig house owners authorised the transaction.
People who beforehand managed the ENS multisig embody Chainlink’s Sergey Nazarov, Metamask’s Dan Finlay, MyCrypto’s Taylor Monahan, Colony’s Aron Fischer, 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 over time.”
ENS administration might be extra open
ENS’ DAO is a governing group consisting of token holders who vote on selections and points associated to the mission by token staking.
Beneath the most recent proposal, the DAO already has a number of possession obligations, however has not but had management over the underlying ENS root identify.
The DAO positive factors particular talents by controlling the basis of the ENS. The possession change will enable DAO to create, handle and completely lock top-level domains along with the everlasting and immutable .eth area. It’ll additionally enable the DAO to replace reverse resolutions that map addresses again to a reputation. The DAO can even introduce major domains in Layer 2 networks.
The snapshot exhibits that voting ended on December 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, betting 155,000 ENS in favor. Lower than 17 ENS chips have been wager in opposition to the plan or used to abstain.