1. PixelPlaygroundHome
  2. Web3 News

Taiko Launches on ZK-EVM Askja: What You Need to Know

• Web3 News • 127 views

On March 23rd, it was reported that Taiko, an Ethereum two-layer network based on zkRollup, has been launched on the ZK-EVM alpha-2 test network \”Askja\”, which is open to all devel

Taiko Launches on ZK-EVM Askja: What You Need to Know

On March 23rd, it was reported that Taiko, an Ethereum two-layer network based on zkRollup, has been launched on the ZK-EVM alpha-2 test network “Askja”, which is open to all developers to deploy smart contracts, and partially integrates ZKP validity certificates. Provers can now generate certificates without permission. In addition, protocol economics is enabled to provide genuine rewards to Provers to compensate for their resource consumption. The corresponding L1 is the Ethereum test network Sepolia, And deploy Uniswap V2 forks to support redemption.

Taiko has been launched on the ZK-EVM alpha-2 test network

Are you interested in the latest developments in the world of cryptocurrencies? The launch of Taiko, an Ethereum two-layer network based on zkRollup and integrated with ZKP validity certificates, will likely catch your attention. This network has been reported to be open to all developers to deploy smart contracts, providing opportunities to participate in one of the most innovative and user-friendly platforms in the industry. Read on to learn more about how Taiko can revolutionize the cryptocurrency world.

What is Taiko?

Taiko is a two-layer network that provides the necessary infrastructure to run smart contracts on the Ethereum blockchain. This network is built on top of the Ethereum blockchain, providing an additional layer that allows for faster, more secure, and more efficient transactions. The second layer is based on zkRollup, enabling Taiko to handle a much higher volume of transactions with much lower costs.

What is zkRollup?

zkRollup is a mechanism that allows for the aggregation of multiple transactions into one single transaction. By doing so, it reduces the amount of data that needs to be processed by the main blockchain, thus increasing the speed of transactions and reducing associated costs. This is possible because zkRollup uses zero-knowledge proofs, which are mathematical proofs that validate the correctness of the transaction without revealing any sensitive information.

What is ZKP Validity Certificates?

ZKP Validity Certificates are used to prove that a particular computation was executed correctly without the need for a computational proof. This enables the prover to generate certificates without permission, providing more opportunities to participate in the network.

How Does Taiko Benefit Provers?

Provers are an essential part of the Taiko network as they provide the necessary computational power to perform the necessary validation of transactions. In return for their services, the protocol economics of Taiko provides genuine rewards to Provers to compensate for their resource consumption, ensuring that the network remains robust and reliable.

How Does Taiko Support Decentralized Exchange?

The corresponding L1 is the Ethereum test network Sepolia, which means that the Taiko network can interact with other Ethereum-based networks, including Uniswap V2 forks. This support for decentralized exchange further enhances the role that Taiko can play in the cryptocurrency world.

Conclusion

The launch of Taiko on ZK-EVM Askja is a significant development in the world of cryptocurrencies. With its integration of zkRollup and ZKP validity certificates, Taiko provides faster, more secure, and more efficient transactions, providing users with an improved experience. Additionally, Taiko’s support for Provers and decentralized exchange highlights its commitment to becoming a valuable addition to the broader crypto ecosystem.

FAQs

1. Is Taiko only available for developers?
No, Taiko is available to anyone who wants to interact with the network and perform transactions.
2. Can I use Taiko to interact with other Ethereum-based networks?
Yes, Taiko can interact with other Ethereum-based networks, including Uniswap V2 forks, making it highly accessible.
3. How does Taiko compare to other two-layer networks?
With its integration of zkRollup, ZKP validity certificates, and support for decentralized exchange, Taiko is among the most innovative and user-friendly two-layer networks available in the market.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9770/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/23/2023 01:32
Next 03/23/2023 02:07

Recommended articles