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The vote to transfer control of the ENS root node to the DAO has been passed, marking the realization of decentralized governance for ENS

The vote to transfer control of the ENS root node to the DAO has been passed, marking the realization of decentralized governance for ENS

2023/12/18 03:31

According to CryptoSlate, Ethereum Name Service (ENS) founder and core developer Nick Johnson announced last week that ENS has achieved decentralized governance. Previously, the root node of the project was managed by members of the Ethereum community. In a post last week, Johnson wrote: "This is indeed the end of an era. This is a message I just sent to ENS root key holders asking them to transfer their final authority to DAO."

The email attached by Johnson stated that ENS's DAO is a governing organization formed and controlled by ENS token holders. It unanimously voted for control over the project's root node. To respond to these voting results, he created a transaction to perform two operations: transferring root control rights to DAO address (wallet.ensdao.eth), this transaction will transfer all remaining multi-signature responsibilities to DAO, thereby "completely abolishing multi-signatures". It is currently unclear whether other multi-signature owners have approved this transaction.

Individuals who previously managed ENS multisig include Sergey Nazarov from Chainlink, Dan Finlay from Metamask, Taylor Monahan from MyCrypto, Aron Fischer from Colony, Jason Carver and Martin Swende from Ethereum Foundation as well as Johnson himself. In his message he expressed gratitude towards them saying: "Thank you very much...for serving ENS over the years."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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