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In case you want to know what $TAIKO does here it is in layman's terms:
Taiko is a Layer 2 scaling solution for #Ethereum, specifically a zk-Rollup. Here’s a simplified explanation:
1. Layer 2 Scaling: Taiko helps Ethereum handle more transactions by processing them off the main Ethereum chain (Layer 1) and then bundling them into a single transaction back on Layer 1. This reduces congestion and lowers transaction fees
2. zk-Rollup: Taiko uses zero-knowledge proofs to ensure transactions are valid without needing to reveal all transaction details. This enhances privacy and security
3. Ethereum-Compatible: Developers can use the same tools and codes they use on Ethereum without additional changes or audits, making it easy to integrate
4. Permissionless and Decentralized: Anyone can participate in proposing or validating transactions on Taiko, ensuring it remains decentralized and aligned with Ethereum’s principles.
$ETH zkrollup $BTC #TAIKO privacy #ETHETF