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Key Points:
- Upbit, South Korea’s largest crypto exchange, announces support for new TAIKO trading pairs, including KRW, BTC, and USDT markets.
- Taiko, an Ethereum ZK-Rollup layer 2 network, aims to address Ethereum’s scalability issues with increased transaction throughput and reduced costs.
- Ethereum co-founder Vitalik Buterin proposes the first block for Taiko’s mainnet, highlighting the project’s significance in the blockchain community.
Upbit has announced its support for new trading pairs for Taiko (TAIKO).
The addition of TAIKO trading pairs, including KRW, BTC, and USDT markets, reflects Upbit’s commitment to providing a diverse range of investment options for its users.
Taiko, an Ethereum ZK-Rollup layer 2 network, has garnered considerable attention within the blockchain community for its potential to address scalability issues on the Ethereum network. With its innovative layer 2 solution, Taiko aims to significantly increase transaction throughput while minimizing transaction costs and latency, thereby enhancing the overall efficiency of decentralized applications (DApps) built on Ethereum.
Read more: Bitcoin Spot ETF vs Futures ETF: Differences To Make The Right Investment Choice
Vitalik Buterin Supports Taiko Mainnet Genesis Block!
The decision by Upbit to support TAIKO trading pairs underscores the exchange’s recognition of the growing demand for access to emerging blockchain projects and layer 2 solutions. By offering trading pairs denominated in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), Upbit seeks to cater to the diverse needs of its user base, enabling them to seamlessly trade TAIKO tokens against major cryptocurrencies and fiat currencies.
The proposal of the first block by Vitalik Buterin underscores the prominent role that Taiko aims to play in addressing Ethereum’s scalability challenges and advancing the broader adoption of decentralized finance (DeFi) and decentralized applications (DApps). As the Taiko network prepares for its mainnet launch, the support from leading cryptocurrency exchanges like Upbit further solidifies its position as a promising solution for enhancing blockchain scalability and usability.
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