After 2 years of development and going through 7 important testnets, rollup based on Ethereum Taiko officially launched mainnet on May 27.
Taiko officially deployed mainnet after 7 important testnets. Photo: Taiko
Taiko - a rollup based on Ethereum instead of creating a separate blockchain - officially launched its mainnet yesterday (May 27).
Dear Taiko Community,
— Taiko 🥁 (@taikoxyz) May 27, 2024
We are beyond excited to announce that after two years of hard work, the Taiko protocol has been deployed on Ethereum mainnet! 🥳
Let's look at how you can start exploring Taiko today:
1/ pic.twitter.com/LXGdPbV1Yr
Ethereum co-founder Vitalik Buterin proposed the first Block on Taiko's mainnet, with metadata containing the names of every core contributor to the project.
At the initial stage, Taiko rollup protocol contracts on Ethereum are controlled by a Multisignature agreement. The protocol requires SGX proof and plans to move to requiring 50% of Block to use ZK proof as part of a long-term scaling and security strategy.
Furthermore, Taiko incorporates a type 1 zero-knowledge Arm Virtual Machine that emulates the Ethereum architecture and includes a multi-proof proof system, which enhances overall security.
Taiko plans to launch the Token a few weeks after mainnet deployment. In addition, Taiko has also just launched the Trailblazers reward program , to encourage the community to interact with the network. Last week, the project announced its first Airdrop (called Genesis Airdrop) to the community, representing 5% of the 1 billion Token.
Taiko is also planning to launch the DAO later this year, to gradually transfer control of the protocol to the community in stages.
Taiko positions itself as a type 1 zkEVM with maximum compatibility with Ethereum's core architecture. Buterin's endorsement of the Taiko mainnet marks an important step in the network's development journey. The use of multiple layer-2 protocols, as Buterin noted, is an important aspect of Ethereum's success, and Taiko is also benefiting from this.
Since its founding in 2022, Taiko has raised $37 million through two Capital rounds.
Coin68 compiled
Join the discussion about the hottest issues of the DeFi market in the Fomo Sapiens chat group with Coin68 admins!!!
