Clicky

  • About
  • Coincu
  • Hot topics
  • Random
Friday, September 22, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Blockchain

Taiko Launches Alpha-3 Testnet To Complete New Protocol Economics Design

Harold by Harold
4 months ago
in Blockchain
Reading Time: 3 mins read
388
91
SHARES
3k
VIEWS
Share on Twitter

Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

ETH/BTC Trading Pair Rate Falls To 14-month Low

Key Points:

  • The Taiko Layer 2 Ethereum Network has launched an alpha-3 test network.
  • The alpha-3 test network’s primary purpose is to evaluate the economic design and implementation of new protocols, including new fee/reward structures.
Ethereum Layer 2 network Taiko has launched the alpha-3 testnet, Grímsvötn.
Taiko Launches Alpha-3 Testnet To Complete New Protocol Economics Design

This is the next stage toward a decentralized, Ethereum-equivalent ZK-EVM, and it will be important in testing much of the network architecture and components.

Relative to alpha-2, the most prominent changes are new protocol economics design and implementation; proposers AND provers are permissionless (alpha-1 had permissionless proposers, alpha-2 had permissionless provers), and Layer-3 implementation: inception layers.

Alpha-3 will be an incentive testnet to achieve the purpose of evaluating the new protocol economics design. The network will test how permissionless proposers and provers behave in a manner-simulated environment, where people behave rationally in accordance with the protocol’s costs and incentives. Due to the absence of real-value assets, simulating a mainnet environment with permissionless economic activity is more difficult on a testnet.

Taiko Launches Alpha-3 Testnet To Complete New Protocol Economics Design

Taiko is a blockchain built on zkEVM technology that is Fully Ethereum-equivalent ZK-Rollup. It is currently Layer 2 going in the direction of Type 1 ZK-EVM, which is also the type with the highest level of EVM compatibility.

Type 1 ZK-EVM that Taiko is applying for works fully compatible with Ethereum. This makes it possible for developers to seamlessly migrate DApps between Ethereum and Taiko without risking contract failures (versus having to compile them into another language). Thereby shortening the time to reprogram old features and giving more resources to develop other breakthrough features if the project on Ethereum wants to scale operations on Taiko and vice versa.

The Taiko Protocol defines and enforces Rollup’s rules and finds potential participants. Taiko is designed to uphold the core principles of decentralization and security.

Smart contracts deployed on Ethereum serve as the data delivery mechanism and verifier of ZK-SNARK proofs. The smart contract deployed on Taiko performs several important functions, such as reusing the programmability of the EVM to enforce certain protocol properties.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

EthCC 2023 Recap: 8 Notable Big Announcements

Pika Protocol Reviews: Trade Crypto And Forex With Up To 200x Leverage?

Lyra Finance Review: The Top Complete Options Trading Protocol On Ethereum

Tags: Alpha-3EthereumLayer 2TAIKOzkEVM
Previous Post

Cosmos’s Informal Systems Completes $5.3 Million Financing Led By CCMC Global

Next Post

SushiSwap Announces Integration Of V3 Product Suite On Avalanche

Other Posts

Chainlink And Arbitrum Launch CCIP For Powering Seamless Cross-Chain Innovation
Blockchain

Chainlink And Arbitrum Launch CCIP For Powering Seamless Cross-Chain Innovation

September 21, 2023
Layer-1-Vara-Network-Will-Be-Supported-By-Coinbase
Blockchain

Layer 1 Vara Network Will Be Supported By Coinbase

September 21, 2023
Wormhole-Now-Integrates-USDC-Across-Blockchains-With-Circles-CCTP-Support
Blockchain

Wormhole Now Integrates USDC Across Blockchains With Circle’s CCTP Support

September 21, 2023
Sui-Network-Successfully-Concluded-Of-The-zkLogin-Setup-Ceremony-On-September-18
Blockchain

Sui Network Successfully Concluded Of The zkLogin Setup Ceremony On September 18

September 20, 2023
Starknet Announces Changes To Feeder Gateway In Q4 And Transition To Full Nodes
Blockchain

Starknet Announces Changes To Feeder Gateway In Q4 And Transition To Full Nodes

September 19, 2023
Sui-Network-Currently-Has-More-Than-6-Million-Active-Accounts
Blockchain

Sui Network Currently Has More Than 6 Million Active Accounts

September 19, 2023
Next Post
SushiSwap Announces Integration Of V3 Product Suite On Avalanche

SushiSwap Announces Integration Of V3 Product Suite On Avalanche

  • Immutable-X-Suddenly-Increases-More-Than-35-percent-As-Whales-Show-Signs-Of-Accumulation

    Immutable X Suddenly Increases More Than 35% As Whales Show Signs Of Accumulation

    124 shares
    Share 50 Tweet 31
  • Coinbase Wallet Users: Beware of Scammers Exploiting Messaging Protocols for Phishing!

    142 shares
    Share 57 Tweet 36
  • Layer 1 Vara Network Will Be Supported By Coinbase

    112 shares
    Share 45 Tweet 28
  • Ethereum Network Gas Fee Now Soars To Over 310 Gwei

    93 shares
    Share 37 Tweet 23
  • 1 Million WLD Withdrawal: GSR Markets Fortify Their Crypto Holdings with $1.3 Million Move

    97 shares
    Share 39 Tweet 24
Bitmain Invests In Core Scientific With $53.9 Million To Boost Bitcoin Mining

Bitmain Invests In Core Scientific With $53.9 Million To Boost Bitcoin Mining

September 22, 2023
Arbitrum Defies DeFi Turbulence: Whales Make Bold Moves Amidst Market Swings

Arbitrum Defies DeFi Turbulence: Whales Remain Optimistic Amidst Market Swings

September 22, 2023
South Korea's FIU Enhances Crypto Exchange Oversight From October 2024

South Korea’s FIU Enhances Crypto Exchange Oversight From October 2024

September 22, 2023
Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

September 22, 2023
Hong Kong's JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud

Hong Kong’s JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud

September 22, 2023
Sui Foundation Awards $300,000 In Grants to Shape Web3 Education

Sui Foundation Awards $300,000 In Grants to Shape Web3 Education

September 22, 2023
Binance's Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt

Binance’s Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt

September 22, 2023
Justin Sun's Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto

Justin Sun’s Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto

September 22, 2023
Bankman-Fried's Release Was Denied: Legal Showdown Looms In High-Profile Trial

Bankman-Fried’s Release Was Denied: Legal Showdown Looms In High-Profile Trial

September 22, 2023
Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit

Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit

September 22, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In