Ethereum

Celo

Evolution

Taiko, an innovative Ethereum layer 2 protocol, has officially launched on the Ethereum (ETH) mainnet after a development period that began in 2022. As <a href="https://www.theblock.co/post/296831/ethereum-l2-taiko-mainnet" rel="noopener noreferrer nofollow">reported</a> by The Block, this milestone follows extensive testing across seven testnets, highlighting the protocol’s robust development and rigorous validation process.
<h2 id="b-a-new-chapter-for-layer-2-scaling-solutions-b">A new Chapter for Layer 2 Scaling Solutions</h2>
As per the announcement, Ethereum co-founder Vitalik Buterin proposed the inaugural block on Taiko’s mainnet. This act marks the official launch of taiko and signifies the broader Ethereum community’s support and recognition of the protocol’s potential.
Meanwhile, the journey of Taiko started with a vision to enhance Ethereum’s scalability and efficiency. As such, the protocol aims to achieve these goals by leveraging advanced technologies and uniquely designed principles, setting it apart in the crowded landscape of Ethereum scaling solutions.
Additionally, Taiko is integrating a type 1 zero-knowledge (ZK) Ethereum virtual machine (EVM) to emulate Ethereum architecture and includes a multi-proof proving system. Interestingly, Taiko token launch is expected to happen a few weeks after the mainnet goes live. In the meantime, the protocol intends to introduce Trailblazers, a point incentive program, to reward its community for completing tasks and engaging with the network.&nbsp;
<h2 id="b-vitalik-buterin-unveils-the-next-step-for-ethereum-evolution-b">Vitalik Buterin Unveils the Next Step for Ethereum Evolution</h2>
In April, the<a href="https://thecoinrise.com/ethereum-evolution-vitalik-buterin-unveils-next-step-the-purge/" rel="noopener noreferrer nofollow"> co-founder of Ethereum unveiled a new protocol</a> meant to streamline its efficiency and overall performance, known as “The Purge.” According to Buterin, the Purge is a project aimed at slimming down Ethereum and addressing technical debt to improve its overall performance and usability.
One of the important developments in the ongoing plan is the implementation of Ethereum Improvement Proposal (EIP) 6780, marking a crucial step in simplifying the Ethereum protocol. However, this announcement came days after he<a href="https://thecoinrise.com/ethereums-staking-revolution-vitalik-buterin-unveils-new-decentralized-strategy/" rel="noopener noreferrer nofollow"> revealed a system poised to spur the decentralization of Ethereum staking</a>.
The Purge initiative is part of a broader mission to declutter Ethereum’s infrastructure, alleviate technical burdens, and fortify security measures. Some critical modifications include Ethereum client code lines reduction, elimination of support for pre-merge Proof-of-Work (PoW) networks, and optimizations of Ethereum’s storage mechanism to reduce storage requirements for node operators.
<h2 id="b-celo-network-moves-to-become-ethereum-layer-2-b">Celo Network Moves to Become Ethereum Layer 2</h2>
Recall that last year, cLabs, the Celo blockchain’s core developer presented an ambitious plan to <a href="https://thecoinrise.com/celo-network-moves-to-become-ethereum-layer-2/" rel="noopener noreferrer nofollow">transform its Layer 1 network into a Layer 2 solution built on Ethereum</a>. As revealed, the proposal put forward by cLabs outlined a future version of Celo that will be based on a Layer 2 roll-up model. In this model, Celo will leverage Ethereum’s mainnet for security by publishing security proofs.
By doing so, Celo can benefit from the robust security guarantees offered by Ethereum, ensuring a higher level of protection than what Celo’s independent infrastructure currently provides.
The post <a href="https://thecoinrise.com/taiko-launches-on-ethereum-mainnet-in-major-layer-2-drive/" rel="noopener noreferrer nofollow">Taiko Launches on Ethereum Mainnet In Major Layer-2 Drive</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Taiko Launches on Ethereum Mainnet In Major Layer-2 Drive

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