The Root is a contract that will take ownership of the ENS root name in the ENS registry. This allows the keyholders to delegate certain operations to others.
This contract was audited by ConsenSys dilligence; the audit report is available here.
The main new functionality is the ability for anyone to register a new
tld. This can be done by submitting the DNSSEC proof of a specific
tld. This removes the requirement for the root key holders to enable classic DNS