Taiko Announces Strategic Partnership with OpenZeppelin to Develop Next-Generation Based Rollup Stack.
According to BlockBeats, on January 25, Ethereum’s L2 network announced a strategic partnership with OpenZeppelin to develop the next-generation Based Rollup stack, taking Based Rollups to the next level. Some of the key goals include solving scalability, interoperability, and composability issues.
Based Rollups are known to be a class of L2 solutions that directly leverage the ordering functionality of the L1 blockchain. This model achieves seamless integration, fully leveraging the decentralization, liveness, and security features of L1. Ethereum researcher Justin Drake introduced the concept of Based Rollups in March 2023, aiming to overcome the issues faced by existing Rollup solutions.