Vitalik Buterin Proposes Taiko's First Mainnet Block, Expresses Excitement for zk Rollup-Based Network
CryptoNewsTerminal Staff25 May, 2024
Vitalik Buterin Proposes Taiko's First Mainnet Block, Expresses Excitement for zk Rollup-Based Network
Vitalik Buterin, the co-founder of Ethereum, has proposed the first mainnet block for Taiko, an Ethereum Layer 2 (L2) network utilizing zero-knowledge (zk) rollups. According to U.Today, Buterin left a message in the block's information field expressing his enthusiasm for Taiko's progress. "Excited to see Taiko being the first live zkrollup-based rollup!" Buterin wrote. "Ethereum benefits from having layer 2s taking many different approaches, and I am very excited to see Taiko as one of the first movers in this direction." Taiko is a zk-rollup-based L2 network that aims to enhance the scalability and transaction throughput of Ethereum. By utilizing zk-rollups, Taiko can bundle multiple transactions into a single on-chain transaction, reducing gas fees and increasing transaction speeds. Buterin's proposal of Taiko's first mainnet block marks a significant milestone in the development of the network. It demonstrates the growing interest and adoption of zk-rollup technology within the Ethereum ecosystem. As Taiko continues to evolve, it is expected to play a crucial role in addressing the scalability challenges faced by Ethereum.
