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ENS Domains Unveils Namechain: A Layer 2 Solution for the Ethereum Ecosystem

ENS Domains Unveils Namechain: A Layer 2 Solution for the Ethereum EcosystemENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users. The team hopes that by providing a familiar experience for Ethereum […]

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PayPal and Venmo To Offer Support for Ethereum Name Service (ENS) Starting With Users in the US

PayPal and Venmo To Offer Support for Ethereum Name Service (ENS) Starting With Users in the US

Two prominent payment platforms are offering their support for Ethereum Name Service (ENS) domains. In a new thread on the social media platform X, payment giants PayPal and Venmo are now supporting the ENS domain naming service, which allows users to forgo having to use complicated crypto wallet addresses and instead adopt a representative username. […]

The post PayPal and Venmo To Offer Support for Ethereum Name Service (ENS) Starting With Users in the US appeared first on The Daily Hodl.

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom

Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big BoomCoinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […]

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

These Two Low-Cap Altcoins Possess ‘Increased Chance of a Breakout,’ According to Analytics Platform Santiment

These Two Low-Cap Altcoins Possess ‘Increased Chance of a Breakout,’ According to Analytics Platform Santiment

New data from market intelligence platform Santiment reveals that two under-the-radar altcoins are primed to skyrocket. According to the crypto analytics firm, domain-naming crypto Ethereum Name Service (ENS) and decentralized non-fungible token (NFT) ecosystem Treasure (MAGIC) have seen explosive network growth over the last 24 hours, highly increasing their chances of a breakout. google336x280] “Altcoins […]

The post These Two Low-Cap Altcoins Possess ‘Increased Chance of a Breakout,’ According to Analytics Platform Santiment appeared first on The Daily Hodl.

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain

Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain

Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance. Blockchain tracking firm Lookonchain says that on Saturday, crypto whales withdrew stacks of the decentralized oracle project Chainlink (LINK), meme token Pepe (PEPE), decentralized exchange Uniswap (UNI), stablecoin governance token Maker (MKR) and domain […]

The post Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain appeared first on The Daily Hodl.

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM Chains

Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM ChainsFluidkey has announced it has opened its Optimism-based alpha to more users, allowing them to test their private solutions. Fluidkey seeks to solve the transaction privacy problem in EVM chains by leveraging ENS and stealth addresses, allowing users to use a new self-custodial asset for each payment, and segregating these movements to avoid linkability. Fluidkey […]

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free

GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free

GoDaddy, a world leader in web hosting and registration, is announcing a partnership with Ethereum Name Service (ENS), a domain naming service built on top of Ethereum (ETH). According to a new press release, users of GoDaddy domains can now link their domains to ENS without any additional costs or technical knowledge. As stated by […]

The post GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free appeared first on The Daily Hodl.

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations.

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). 

In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, Matthew Everett Gould and Bogdan Gusiev are the inventors of a technology that uses blockchain technology to determine domains. The patent request was filed with the United States Patent and Trademark Office in 2021. 

According to Johnson, the patent is "based entirely on innovations that ENS developed and contains no novel innovations of its own." The ENS documentation stipulates that:

"The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS's job is to map human-readable names like 'alice. eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata."

In the open letter published on Nov. 17, Johnson claims that all the ENS work is under open-source licenses, with all standards publicly available for implementation. According to him, continued attempts to contact Unstoppable Domains about the issue have failed in recent months.

Screenshot of patent granted to Unstoppable Domains on January 17, 2023. Source: USPTO.

"UD has subsequently issued a press release ‘pledging’ its first patent to the Web3 Domain Alliance, an industry group founded and run by Unstoppable Domains. We appreciate the sentiment behind this, but regrettably, press releases are not legally binding," Johnson noted in the thread.

"We are thus requesting that Unstoppable Domains put legal weight behind its PR commitment, with an unconditional and irrevocable patent pledge."

The ENS Labs is "ready to challenge this patent, which we believe is entirely derivative of our own inventions; a position we are able and willing to demonstrate.," Johnson warned.

One of the alleged inventors from Unstoppable Domains, Matthew Gould, responded in the thread, extending an open invitation to join the Web3 Domain Alliance, the blockchain domain registry organization allegedly pledged with the patent. Gould also argued that:

"I think your proposed solution doesn’t take into account the fact that we want there to be multiple naming systems - not just ENS - and the only way to ensure that future is to have a place where everyone (not just UD and ENS) collaborate."

Cointelegraph reached out to Unstoppable Domains, but did not receive an immediate response.

The thread has caught the attention of the crypto community. Bob Summerwill, executive director of the Ethereum Classic Cooperative (ETC Cooperative), noted that requiring organizations to join the Web3 Domain Alliance for rights over the technology is also a direct attack on the open-source ethos.

"Also, Matt, this prior pledge is not the same as we are talking about, because legal entities need to 'join the club' to benefit from the patent pledge. You are retaining the right to patent attack anybody who does not comply and join your alliance."

Magazine: Ethereum restaking — Blockchain innovation or dangerous house of cards?

XRP Enters Regulated Spotlight as 21Shares Hits Nasdaq Stockholm With Fully-Backed ETP