Are you ready for some exciting updates in the world of cryptocurrency and blockchain technology? Well, hold on to your hats because Taiko has just announced some major enhancements and optimizations following its mainnet launch.
Taiko, a leading rollup protocol, has made significant improvements to its L1 gas costs, reducing them by over 30%. This achievement is a major milestone for the team as they continue to push the boundaries of development in the blockchain space.
One of the key enhancements that Taiko is working on is the implementation of EIP-1559. While they have faced challenges with overselling L2 block space and base fees hitting the minimum, Taiko is conducting data analysis and adjusting fee settings to improve the system. They are also considering incorporating L1 base fees into L2 base fee calculations, although this change may require protocol adjustments.
In addition to EIP-1559 improvements, Taiko is collaborating with industry experts to introduce transaction preconfirmation. This innovation will provide users with sub-second confirmation of their transaction status, improving block proposers’ efficiency and optimizing block space utilization.
Taiko is also gearing up to support new opcodes introduced in the Cancun version of the Ethereum Virtual Machine (EVM), excluding EIP-4844. Staying up to date with EVM releases is crucial for maintaining compatibility with Ethereum’s evolving ecosystem.
Furthermore, Taiko plans to enable contracts to use calldata for L3 blocks, enhancing the BCR protocol’s capabilities. They also aim to improve the randomness of min-tier selection, addressing design flaws identified during audits.
The upcoming Ontake fork will incorporate many of these features and improvements, with testing scheduled to begin on the Hekla testnet before October. Taiko’s roadmap for Ontake is ambitious and meticulously planned, reflecting their commitment to scalability, efficiency, and user experience in the blockchain space.
We at Extreme Investor Network are thrilled to share these exciting updates with you as Taiko continues to evolve its protocol. Stay tuned for more groundbreaking developments in the world of cryptocurrency and blockchain technology.
Remember, when it comes to staying ahead in the world of crypto, trust Extreme Investor Network to bring you the latest and most valuable insights.