Ethereum

Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

December 28, 2022 - Around 2 mins mins to read

Key Points:

  • Ethereum Layer2 scaling solution Taiko announced the launch of its first public testnet, Snæfellsjökull.
  • Smart contracts can now be made available to users on the testnet by developers. A Layer 2 node may also be run by participants. Users cannot extend their nodes into provers at this time, and the testnet cannot produce validity proofs. Future testnet releases will address the issue.
  • Taiko is a ZK-Rollup that strives to be Ethereum- and EVM-equivalent, enabling it to support all current Ethereum smart contracts, DApps, developer tooling, and infrastructure.
Ethereum scaling solution Layer 2 Snaefellsjökull, the name of Taiko’s first public testnet, has been launched.
Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

Taiko has made a commitment to developing in the open, and as everything in the project is open source, its GitHub page has mirrored this. In that spirit, it made this first public testnet as transparent as possible.

Smart contracts can now be made available to users on the testnet by developers. A Layer 2 node may also be run by participants.

Users cannot extend their nodes into provers at this time, and the testnet cannot produce validity proofs. Future testnet releases will address the issue.

Validity proofs are not included in the testnet. This testnet release won’t create any ZKPs.

Additionally, pre-deployed dApps do not show up on the testnet. The only out-of-the-box supported user activities are bridging between L2 and L1 and sending ETH or ERC20 to pals. Any developer can make their smart contract or dApp available to all users by deploying it.

Taiko scales Ethereum in a manner that emulates Ethereum as closely as possible – both technically and non-technically. More specifically, Taiko is an Ethereum-equivalent ZK-Rollup, scaling Ethereum by supporting all EVM opcodes in a layer-2 architecture that is decentralized, permissionless, and secure.

Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

Taiko aims to be a fully Ethereum-equivalent ZK-Rollup. Its team aims to scale Ethereum in a manner that emulates Ethereum itself at a technical level and a principles level.

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.

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Website: coincu.com

Harold

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ETH

EVM

Snaefellsjökull

TAIKO

ZK-rollup

ZKPs

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Ethereum

Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

Key Points:

  • Ethereum Layer2 scaling solution Taiko announced the launch of its first public testnet, Snæfellsjökull.
  • Smart contracts can now be made available to users on the testnet by developers. A Layer 2 node may also be run by participants. Users cannot extend their nodes into provers at this time, and the testnet cannot produce validity proofs. Future testnet releases will address the issue.
  • Taiko is a ZK-Rollup that strives to be Ethereum- and EVM-equivalent, enabling it to support all current Ethereum smart contracts, DApps, developer tooling, and infrastructure.
Ethereum scaling solution Layer 2 Snaefellsjökull, the name of Taiko’s first public testnet, has been launched.
Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

Taiko has made a commitment to developing in the open, and as everything in the project is open source, its GitHub page has mirrored this. In that spirit, it made this first public testnet as transparent as possible.

Smart contracts can now be made available to users on the testnet by developers. A Layer 2 node may also be run by participants.

Users cannot extend their nodes into provers at this time, and the testnet cannot produce validity proofs. Future testnet releases will address the issue.

Validity proofs are not included in the testnet. This testnet release won’t create any ZKPs.

Additionally, pre-deployed dApps do not show up on the testnet. The only out-of-the-box supported user activities are bridging between L2 and L1 and sending ETH or ERC20 to pals. Any developer can make their smart contract or dApp available to all users by deploying it.

Taiko scales Ethereum in a manner that emulates Ethereum as closely as possible – both technically and non-technically. More specifically, Taiko is an Ethereum-equivalent ZK-Rollup, scaling Ethereum by supporting all EVM opcodes in a layer-2 architecture that is decentralized, permissionless, and secure.

Ethereum Layer 2 Scaling Solution Taiko Releases First Public Testnet

Taiko aims to be a fully Ethereum-equivalent ZK-Rollup. Its team aims to scale Ethereum in a manner that emulates Ethereum itself at a technical level and a principles level.

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

Website: coincu.com

Harold

Coincu News

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