Taiko Labs Unleashes Ethereum's Next Evolution
May 29, 2024, 3:33 am
Location: United States, Colorado, East Portal Distributed Camping Area
Employees: 51-200
Founded date: 2013
Total raised: $15M
A new dawn breaks in the world of blockchain as Taiko Labs launches the first based rollup on Ethereum. Vitalik Buterin, the co-founder of Ethereum, stands at the forefront, proposing the inaugural block with a sense of excitement and anticipation. Taiko's innovative approach to scaling and decentralization has caught the attention of the blockchain community, with Ethereum benefiting from this new direction.
The Trailblazer incentive program, offering 10% of TKO total supply as participation incentives, is set to reward users for their engagement within the Taiko network. This program aims to foster a sense of community and appreciation for those who have supported Taiko's journey.
With $37M in funding secured since its inception in 2022, Taiko has developed the Based Contestable Rollup (BCR), a system that minimizes costs, strengthens decentralization, and enhances security through a multi-proof approach. This development journey has seen Taiko navigate through seven testnets, each offering permissionless interaction to users.
As Taiko steps into the spotlight on the Ethereum mainnet, the focus shifts towards decentralization. The phased approach to network stability ensures a smooth rollout, with security being the top priority for the team. The Taiko token (TKO) plays a crucial role in block proving as bonds, signaling a new era of ownership and participation within the network.
Looking ahead, Taiko will be in a "training wheel mode" for the next couple of years, aiming to transfer ownership to a DAO and revoke all privileges from Taiko Labs and core developers. This journey towards decentralization marks a significant milestone in Taiko's evolution within the blockchain space.
In a world where innovation is key, Taiko Labs stands as a beacon of progress, pushing the boundaries of what is possible on the Ethereum network. With a growing community and a commitment to decentralization, Taiko's journey is just beginning, paving the way for a new era of blockchain technology.
The Trailblazer incentive program, offering 10% of TKO total supply as participation incentives, is set to reward users for their engagement within the Taiko network. This program aims to foster a sense of community and appreciation for those who have supported Taiko's journey.
With $37M in funding secured since its inception in 2022, Taiko has developed the Based Contestable Rollup (BCR), a system that minimizes costs, strengthens decentralization, and enhances security through a multi-proof approach. This development journey has seen Taiko navigate through seven testnets, each offering permissionless interaction to users.
As Taiko steps into the spotlight on the Ethereum mainnet, the focus shifts towards decentralization. The phased approach to network stability ensures a smooth rollout, with security being the top priority for the team. The Taiko token (TKO) plays a crucial role in block proving as bonds, signaling a new era of ownership and participation within the network.
Looking ahead, Taiko will be in a "training wheel mode" for the next couple of years, aiming to transfer ownership to a DAO and revoke all privileges from Taiko Labs and core developers. This journey towards decentralization marks a significant milestone in Taiko's evolution within the blockchain space.
In a world where innovation is key, Taiko Labs stands as a beacon of progress, pushing the boundaries of what is possible on the Ethereum network. With a growing community and a commitment to decentralization, Taiko's journey is just beginning, paving the way for a new era of blockchain technology.