Taiko’s Ethereum zkRollup Network Announces Alpha-2 Testing Network Shut Down
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,
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
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 announcement has raised many eyebrows in the crypto industry, particularly among Ethereum users and traders.
What is Taiko?
Taiko is a Layer 2 scaling solution to address the issues of high gas fees, network congestion, and slow confirmation times on the Ethereum network. It is built on the zkRollup technology, which assists in processing transactions off-chain and then submitting proofs of those batches of transactions to the Ethereum mainnet. As a result, the gas fees on Taiko network are remarkably lower than those on Ethereum.
Alpha-2 Test Network and Certificates
The Alpha-2 testing network offered unlicensed certificates to its 194 independent validators, who are responsible for verifying transactions on the network. This led to over 144000 wallet addresses generating over 1.5 million transactions. However, these certificates had no real purpose, and the use of the alpha-2 test network was only for testing purposes.
Alpha-3 Test Network improvements
Alpha-3 test network will introduce much-needed repairs, improvements, and new components to improve the network’s efficiency, functionality, and security.
1. It will facilitate upgrades in areas such as zero-knowledge proofs, on-chain data availability, and cryptographic primitives to improve network resilience.
2. It will provide a more efficient channel structure for users to communicate and make transactions with each other.
3. The allocation of fees among validators will be announced in the future, in which validators will be rewarded for their calculation expenses.
NFT badge
The NFT badge that was supposed to be issued on the alpha-2 test network to commemorate participation in certain activities of the alpha-1 testing network will be postponed until a non-transient network, possibly the Taiko main network. As a result, the badge will hold more value and significance than it would have on the alpha-2 test network.
Conclusion
The announcement of Taiko abandoning alpha-2 testing network and introducing alpha-3 test network has surprised many in the industry. However, it shows the developers’ focus on improving the technology’s efficiency, functionality, and security while providing a much better user experience on the Taiko network. The introduction of alpha-3 test network is anticipated to provide an innovative solution to help solve some of the scalability issues currently facing the Ethereum blockchain.
FAQs
1. What is Taiko?
Taiko is a Layer 2 scaling solution on Ethereum that aims to solve issues related to high gas fees, network congestion, and slow confirmation times.
2. What is the Alpha-2 testing network and why was it shut down?
The Alpha-2 testing network is a testing environment for the Taiko network that launched unlicensed certificates to validators. It was shut down to introduce repairs, improvements, and new components by launching the Alpha-3 test network.
3. What is the NFT badge and how will it be affected by the testing network shutdown?
The NFT badge was supposed to be released on the Alpha-2 testing network to commemorate certain activities of the Alpha-1 testing network. It will be postponed until a non-transient network, possibly the Taiko main network, and hold more value and significance than it would have on the Alpha-2 test network.
#
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/16119.html
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.
Related recommendations
-
Taiwan to hold first-ever virtual currency auction
On March 14, it was reported that the Hualien District Procuratorate of Taiwan, China announced in a press release yesterday that the auction of virtual currency USDT would be held for the first time in April, totaling 26150. The object of the auction is the criminal proceeds seized by the prosecution when investigating a defendant surnamed Zhou who was involved in the case of money laundering prevention law. It is understood that the USDT to be auctioned is currently stored in the cold wallet kept by the Hualien Branch of the Hualien County Police Station. Taiwan Hualien District Attorney’s Office will auction 26150 USDTs for the first time in April Analysis based on this information:The Hualien District Procuratorate of Taiwan has announced the country’s first-ever virtual currency auction which will feature 26,150 units of USDT. According to reports, the USDT to be auctioned was seized as criminal proceeds from a defendant who was involved in a case of money laundering…
-
Mixed Trading in Chinese Stock Market: Blockchain and Digital Currency Sectors Suffer Slight Decline
According to the news, at the opening of A-share market, the Shanghai Composite Index closed at 3293.52 points, up 0.07%, the Shenzhen Composite Index closed a…
-
OpenAI Founder Meets with Japanese Prime Minister to Consider Establishing an Office in Japan
According to reports, Sam Altman, co-founder and CEO of OpenAI, stated after meeting with Japanese Prime Minister Fumio Kishida that the company is considering setting up an office
-
Why did Coin Win website not shut down (download Coin Win app)
Why did Coin Win Network not shut down? Let’s take a look at the official website of Coin Win: https://www.coinwin.net/ . According to the official announcement, due to the uncertainty of the market situation, around 8pm on November 17th (3pm Beijing time on December 16th), the Coin Win Exchange suddenly announced the cessation of operations. As of now, nearly two months have passed, and the platform’s trading volume has also decreased to some extent So why did the Coin Win website not shut down? There are two reasons: 1. Coin Win Network’s poor service to users 2. Poor financial strength 3. The development of the community is chaotic 4. The industry environment is harsh and cannot adapt to the new stage of blockchain development 5. Community management and maintenance still need to be improved 6. The technical team is working hard to improve system stability and security, in order to further enhance user experience and reduce risks Coin Win App…
-
What is the issue with LeHua lock screen (What is the function of LeHua lock screen)?
What is the issue with LeHua lock screen? What consequences does it lead to?To s
-
Is Sushi Swap in Trouble with the SEC? CEO Jared Grey Speaks Out
On April 9th, it was reported that Jared Grey, the CEO of Sushi Swap, and his lawyers stated that to their knowledge, no one related to Sushi has violated US federal securities law
-
What is the meaning of Ripple’s gateway (which public chain does Ripple belong to)?
What is the meaning of Ripple\’s gateway? In Ripple\’s official announcement, Ripp
-
What to pay attention to when activating a new iPhone (what to pay attention to when activating a new iPhone)
What to pay attention to when activating an IP new machine. In the early stages of the development of the Internet, user access to information is often a cumbersome and slow process. However, with the rapid development of the internet, the frequency of user usage is also constantly increasing. Some people have even started to change their IP addresses to familiar wallet accounts or wallet private keys for transfer transactions, which has led to some problems in the network. Therefore, we need to pay attention to the following items: 1. How to register your account 2. Activate the account you are using and save mnemonics/passwords (such as fingerprints, photos, etc.) How to use your account for identity authentication What to pay attention to when activating a new Apple phoneAccording to the bitcoin exchange guide, what precautions should be taken when activating a new Apple phone in Apple’s iOS system?. To make these operating programs easier to use or more secure,…
-
#The Surge of Bored Ape Yacht Club Series NFTs: Latest Transaction Data on OpenSea
According to reports, according to the latest data from OpenSea, the transaction volume of Bored Ape Yacht Club series NFT in the past 24 hours was 2160ETH, an increase of 158%. Th
-
Magic Core APP to End Provision of Digital Collections
On March 9, the Tencent digital collection platform Magic Core said in its offline announcement today: \”Based on the business adjustment arrangement, the Magic