Taiko Ethereum Network Announces Launch of Alpha-3 Test Network

On April 17th, Taiko, an Ethereum two-layer network based on zkRollup, announced that it will abandon the alpha-2 test network within 10 hours and launch the alpha-3 test network, which will implement many repairs, improvements, and new components. The Alpha-2 testing network introduced unlicensed certificates, with 194 independent validators participating in the verification, and over 144000 wallet addresses generating over 1.5 million transactions. The activity of rewarding validators to calculate expenses will be announced in the future, and the NFT badge that should have been released on the alpha-2 testing network to commemorate participation in certain activities of the alpha-1 testing network will be postponed to a non transient network, possibly the Taiko main network.

Taiko will abandon the alpha-2 testing network within 10 hours and launch the alpha-3 testing network

The Taiko Ethereum network has recently made an announcement regarding the launch of the alpha-3 test network. This Ethereum two-layer network is based on zkRollup and is set to implement advanced features, improvements, and repairs. The network offers unique benefits such as high transaction throughput, low gas fees, and scalability. On April 17th, Taiko made an official statement that they will abandon the alpha-2 test network within 10 hours and launch the alpha-3 test network. This article will delve deeper into the significance of this announcement, explore the features of this new test network, and discuss NFT badges.

Outline

I. Introduction
A. Purpose of the article
B. Taiko Ethereum Network
II. What is the Alpha-3 Test Network?
A. Benefits of the Alpha-3 Test Network
B. Improvements and repairs over alpha-2 test network
C. Transition from Alpha-2 to Alpha-3
III. The Alpha-2 testing network
A. Unlicensed certificates
B. Transaction dynamics
IV. Rewards for Validators
A. Future announcements
B. Types of Rewards
V. NFT Badges
A. Delays
B. Taiko Main Network
VI. Conclusion
A. Recap of significant information
B. Future prospects
C. FAQs

What is the Alpha-3 Test Network?

The Alpha-3 test network is a version of the Taiko Ethereum network based on zkRollup. This advanced protocol is designed to offer users with high transaction throughput, scalability, and low gas fees, providing an excellent user experience. The alpha-3 test network will introduce numerous updates and repairs based on the findings of the previous alpha-2 test network. The primary objective is to improve the performance and efficiency of the network.

Benefits of Alpha-3 Test Network

One of the major advantages of the alpha-3 test network is the introduction of zero-knowledge proof technology. This technology ensures the security and privacy of transactions on the network, making it almost impossible for hackers to breach these systems. Additionally, this new network will provide users with faster transaction speeds, improved computational efficiency, and lower fees.

Improvements and Repairs over Alpha-2 Test Network

The alpha-2 test network identified several issues that the new alpha-3 network looks to address. One of these improvements is the dynamic exit rate of the network. The alpha-3 network has introduced an algorithm that dynamically sets the exit rate, ensuring that no one leaves the network without first recording all their transactions.

Transition from Alpha-2 to Alpha-3

Apart from the advantages brought by the alpha-3 test network, Taiko announced the abandonment of the alpha-2 test network within ten hours of the launch of alpha-3. By doing so, the network aims to assure users of high standards and ethical best practices.

The Alpha-2 testing network

The alpha-2 test network introduced unlicensed certificates, with 194 independent validators participating in verification and over 144,000 wallet addresses generating over 1.5 million transactions. Despite this impressive user activity, the activity of rewarding validators to calculate expenses is yet to be announced.

Unlicensed Certificates

The unlicensed certificates issued by the alpha-2 testing network have gained significant popularity among users due to their efficiency in enhancing network performance.

Transaction Dynamics

The alpha-2 test network leveraged the power of zkRollup, introducing transactional dynamics, including batch mode, where several transactions are concatenated to provide lower gas costs per transaction. This function has contributed to the scalability and cost-effectiveness of the Taiko Ethereum network.

Rewards for Validators

The Taiko network has given a nod to validators for their remarkable input to the quality of the network. While the network is yet to announce the specific types of awards, there is an indication that rewards will be introduced in the nearest future.

Future Announcements

This proactive move sets Taiko ahead of its competitors, as the network engages consultants to improve their strategies. The future rewards for validators will be announced at a later date, and validators can look forward to more coordinated initiatives on the network.

Types of Rewards

Going by industry standards, validators can expect rewards in various forms. This could be in form of tokens, which are intrinsic to the network or monetary compensation to keep them motivated to perform their functions.

NFT Badges

The Taiko Ethereum network had earlier promised NFT badges for users who participated in specific activities on the alpha-1 network. This release was expected to be on the alpha-2 testing network, but the network announced that it would postpone it to the Taiko main network.

Delays

Delays are a common issue in new tech innovations, and Taiko Ethereum network is not exempt. The postponement might have been necessary to ensure that the network takes adequate measures to prevent potential security breaches that could have occurred during the alpha-2 testing network.

Taiko Main Network

In conclusion, the Taiko Ethereum network’s paradigm shift from alpha-2 to alpha-3 is significant and promising. It indicates the network’s commitment to providing an efficient, secure, and scalable platform for Ethereum users. Furthermore, the future announcement of awards for validators, along with the expected release of NFT badges, brings the network closer to the users and fosters democracy in the blockchain ecosystem.

Conclusion

In summary, the Taiko Ethereum network has announced the launch of the alpha-3 test network based on zkRollup technology. This new network comes with enhanced features, repairs, and improvements. Moreover, the transition from alpha-2 network to alpha-3 is significant, showing the network’s dedication to secure, robust, and high-performing Ethereum systems. The future looks promising with announcements of possible awards for validators and NFT badges in the near future.

FAQs

1. What makes zkRollup technology unique?
– zkRollup technology is unique because it provides users with high-efficiency transaction processing, low gas fees, and scalability, all while ensuring high levels of privacy and security.
2. How will validators who participate in verification be rewarded?
– The specific types of awards that validators will receive are not yet announced. However, typical award forms include tokens intrinsic to the network or monetary compensation for their services.
3. What factors could contribute to the postponement of NFT Badge release?
– Delays are common in new technological innovations and are understandable in ensuring that adequate security measures are taken. Taiko Ethereum’s network likely postposed the badge’s release to prevent potential security breaches that could have occurred during the alpha-2 testing network.