jakiro
Author: William M. Peaster, Bankless; Compilation: Deng Tong, Bitchain Vision
Recently, Ethereum founder Vitalik Buterin pointed out Taiko as a good example of “rollup-based”.This L2 is a newer approach, but what does it mean?
Of course, rollup is an L2 that processes Ethereum transactions off-chain and then sends data back to the Ethereum mainnet (aka L1) for security.Therefore, based on rollup is a newer concept in the field of rollup.A key feature of rollup-based like Taiko is that it uses Ethereum L1 to sort transactions.
in other words,Rollup-based transaction order is determined by the Ethereum validator rather than a separate sorter.By sorting with Ethereum, Taiko aims to be more decentralized than Rollup with a centralized sorter, which describes most L2 situations today.
Because L1 processes transaction sorting, Rollup based transactions can be batched and confirmed more efficiently, potentially reducing operational and transaction costs.
In addition, the technical architecture is simplified by the aggregation based on the need for further complexity such as L2 external consensus mechanism and signature verification sequencer.
In summary,Taiko represents an interesting new driving force in the expansion space of Ethereum.If you want to get a deeper understanding, where to start today?
First, you need to bridge ETH to Taiko.I recommend using “fast bridging” platforms like Relay or Jumper to quickly transfer ETH into a fast way; be aware that when you’re ready, you can also quickly transfer ETH from Taiko through these same platforms.
Then what?Well, there is one thing to remember,Taiko Labs is now overseeing its Trailblazers Season 2 event, starting now until December 16, 2024.
The new season will be distributed to L2 users with 5 million TAIKO token rewards for trading and will feature an updated experience point system, new team opportunities, new badges, revised XP multiplier and a new battle game called Faction Battle Arena.
The main way to get a deeper look at Trailblazers 2 activities is to try the top Taiko apps.For example, here are some of the applications that the Taiko team is currently highlighting:
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Oku— Bridge and Switching Platform for Ethereum Virtual Machine (EVM) Chain
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Ritsu— Decentralized Exchange on Taiko (DEX)
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iZUMi Finance— Multi-chain DeFi protocol as a DEX-as-a-service platform
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Meridian— Stablecoins, perpetual contract trading and lending agreements
From a scale perspective, according to L2BEAT data,Taiko is currently the 19th largest L2, but the network still has a lot of room to grow – not only because of its novel, secure architecture, but also because of the growing demand for the Ethereum community to use truly decentralized aggregates.
Of course, the concept of “summary-based” is relatively new in cryptocurrencies and it may take some time to catch up with why networks like Taiko are so compelling.As far as participating in the bottom layer based on summary, this knowledge gap is your arbitrage opportunity!
