2024-09-11 00:00:00 +0300

Ethereum Name Service developers disagree with Vitalik here but ENS remains

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AMBCrypto
By Suzuki Shillsalot

Ethereum [ETH] co-founder Vitalik Buterin and Ethereum Name Service [ENS] developers are at loggerheads due to the newly proposed pricing arrangements. On 9 September, Vitalik published a post via his ENS website, asking if the domains should follow a recurring pricing structure.

According to him, ENS domains are very cheap as the cost to maintain a five-word one was at most $5. While highlighting the property rights, and efficient market challenges, Vitalik mentioned that an increased price structure could offer a solution. Additionally, he mentioned the possibility of using the revenue generated to fund the ENS Decentralized Autonomous Organization (ENSDAO).

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Its a no-no

In response to the ETH founders proposal, ENS developers seemed to be on an opposite site of the page. First, it was Nick Johnson pointing out some flaws in the proposal.

The developer noted that Vitaliks piece was thoughtful. However, he argued that there were some design constraints, as well as the externalities of the naming system. Also, the idea behind paying more for a name may be untempting. Johnson said,

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