Vitalik Buterin proposes the first block on Taiko mainnet, appreciates Ethereum-equivalent rollup

Source Fxstreet
  • Ethereum cofounder Vitalik Buterin proposed the first block on Taiko mainnet. 
  • Buterin appreciated the Layer 2’s rollup based approach to scale Ethereum. 
  • Taiko recently announced the eligibility for its TKO token airdrop. 

Vitalik Buterin proposed Ethereum-equivalent Layer 2 rollup Taiko’s first block on its mainnet. The Ethereum co-founder appreciated the project for launching as a based rollup and adopting a different approach than other Layer 2 chains. 

Ethereum benefits from scaling solutions adopting different approaches to the same challenge posed by the chain, slow transaction speed and throughput. 

Buterin proposes first block on Ethereum-equivalent Layer 2 rollup

Vitalik Buterin, co-founder of Ethereum supports projects that scale Ether, Layer 2 chains. Buterin supports Taiko, a blockchain that labels itself an Ethereum-equivalent rollup. The Ethereum co-founder acknowledges that Taiko has taken a different approach to tackle the scalability problem of the Ethereum blockchain. 

Buterin proposed the first block on the project’s mainnet and wrote on the block: I'm excited to see that Taiko is launching as a based rollup. Ethereum benefits from L2s taking a plurality of different approaches, and I appreciate them being among the first to go in this direction.

Layer 2 chains are focused on increasing transaction speed (for faster finality) and transaction throughput (higher number of transactions per second) without giving up on decentralization and security. 

Buterin appreciated Taiko for their innovative rollup based approach when most Layer 2 chains run parallel chains to reduce cost and transaction processing time. 

In an official tweet, Taiko recently announced the TKO token airdrop. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI consolidates below $84.50, two-week top as bullish bias remains amid Hormuz standoffWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.
Author  FXStreet
10 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.
placeholder
Australian Dollar gains as US Dollar struggles amid fading Fed rate hike betsAUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed).
Author  FXStreet
19 hours ago
AUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed).
placeholder
Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to CoolAs of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
Author  TradingKey
Yesterday 10: 10
As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
placeholder
Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensionsGold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike. 
Author  FXStreet
Yesterday 01: 18
Gold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike. 
placeholder
Copper Price Forecast: Tight Supply Pushes Price Above $14,000, Can Copper Reach $15,000?As of the European session on August 14, international spot copper prices (COPPER) continued to fluctuate near historical highs, trading around $14,070, down slightly by 0.3% intraday. De
Author  TradingKey
Aug 14, Fri
As of the European session on August 14, international spot copper prices (COPPER) continued to fluctuate near historical highs, trading around $14,070, down slightly by 0.3% intraday. De
Related Instrument
goTop
quote