Ethereum Name Service plans major .eth overhaul with one irreversible catch for domain holders

Ethereum Name Service has proposed activating ENSv2 without requiring existing .eth domain holders to migrate to the new system. The Oct. 11 proposal would let users keep their current names indefinitely, as long as they keep renewing them, while offering a permanent migration option for those who want access to upgraded features. Once activated, ENSv2 would handle all new .eth registrations, replacing the existing registration infrastructure. Holders who migrate would permanently transfer management of their domains to the new system, with no mechanism for returning their original tokens.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.