Ethereum

In a pivotal move destined to shape the security infrastructure of the Taiko ecosystem, KEKKAI Co., Ltd., an innovative <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> security company, has announced its integration into the Ethereum Layer 2 chain Taiko’s ecosystem. This strategic partnership is set to revolutionize the Taiko platform, promising users a more secure, dependable, and reliable service.<h2 id="header-0">KEKKAI’s Robust Security System Boosts Taiko</h2>In a game-changing move for the Web3 security landscape, KEKKAI Co., Ltd., a prominent Web3 security company, has announced its integration into the <a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum</a> Layer 2 chain Taiko’s ecosystem. This partnership aims to bolster security on the Taiko platform and ensure a more reliable and trustworthy service for users.Earning its stripes with its robust security technology and high reliability, KEKKAI’s integration signifies its inaugural venture into collaborating with a <a href="https://blockchainreporter.net/glossary/layer-2/" rel="noopener noreferrer nofollow">Layer 2</a> protocol. Taiko’s interest in KEKKAI is significantly piqued by the latter’s extensive technical prowess and its commitment to delivering premium security solutions.Together, KEKKAI and Taiko are set to promote security enhancement initiatives, with the ultimate goal of creating a safer and more streamlined environment for cryptocurrency transactions worldwide. This alliance could be a significant catalyst for improving overall security within Taiko’s <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">cryptocurrency trading</a> ecosystem.KEKKAI, renowned for its free anti-scam tool, has always been guided by the vision of a “safe and secure Web3 for everyone.” This partnership with Taiko further emphasizes this commitment, establishing KEKKAI as a crucial player within Taiko’s <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a>, responsible for providing users with top-tier security and reliability services.The importance of such a partnership becomes even clearer considering the stark rise in fraud and theft within the Web3 space, encompassing areas such as Non-Fungible Tokens (NFTs) and metaverses. In 2022 alone, the industry witnessed damages amounting to approximately 500 billion yen, marking a 289% increase from the previous year. This escalating issue underscores the urgency for comprehensive security measures to support the market’s continued growth.<h2 id="header-1">Taiko Brings A Game-Changing Approach</h2>Taiko, a key player in Ethereum’s scaling solutions, is known for being part of the zk-Rollup protocol, also referred to as zk-EVM, due to its compatibility with the Ethereum execution environment. Currently, Taiko is working on developing the only zk-EVM Layer2 blockchain, termed “type-1”, which is fully compatible with Ethereum. This compatibility is a critical factor that allows developers on Ethereum to migrate their contracts to Taiko, avoiding the costs associated with changing contracts and audit fees.This seamless transition not only reduces fees but also accelerates transactions, making it a much-coveted feature for developers and users alike.Vitalik Buterin, the founder of Ethereum, regards type-1 as the ideal zk-EVM, given its ability to repurpose much of the existing infrastructure while significantly contributing to Ethereum’s scalability. This unique attribute sets Taiko apart, offering a novel approach to enhancing Ethereum’s scalability.Furthermore, Taiko’s innovative approach to scalability is encapsulated in <a href="https://blockchainreporter.net/decentralized-zk-rollup-taiko-launches-fourth-testnet-eldfell-l3-experiments-with-inception-layers/" rel="noopener noreferrer nofollow">its “Inception layers”</a> structure. This multi-layered structure leverages Taiko’s type-1 zk-EVM to extend Ethereum’s scaling capabilities. These layers form an interconnected web that works cohesively, enhancing efficiency and scalability while maintaining security.KEKKAI’s innovative approach involves simulating transactions within its system before users execute them, a step that plays a pivotal role in identifying and mitigating potential risks. By alerting users when potentially fraudulent operations or contracts are detected, KEKKAI’s system can prevent unsuspecting users from falling prey to scams.This partnership between <a href="https://kekkai.io/" rel="noopener noreferrer nofollow">KEKKAI Co. Ltd</a>. and <a href="https://taiko.xyz/" rel="noopener noreferrer nofollow">Taiko</a> marks a significant stride in making Taiko the leader of the layer 2 space.

Web3 Security Firm KEKKAI Integrates Into Taiko’s Ethereum Layer 2 Ecosystem to Enhance Security

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