Ethereum Layer 2 Taiko Live On Mainnet

Ethereum Layer 2 Taiko Live On Mainnet

PENGY May 27, 2024, 6:02 pm Facebook Twitter


Ethereum

The post Ethereum Layer 2 Taiko Live On Mainnet appeared first on Coinpedia Fintech News

The Ethereum-based rollup Taiko is launched on the Ethereum mainnet as Vitalik Buterin proposed the inaugural block on Taiko’s mainnet. At the initial stage, Taiko’s rollup protocol contracts on Ethereum are controlled by a multisig arrangement. Taiko has a type-1 zero-knowledge virtual machine designed to emulate the Ethereum architecture, which includes a multi-proof proving system. Initially, Taiko will control block proposing and proving for the first two weeks after launch to ensure network stability. Taiko Token is expected to launch a few weeks after the main net goes live. Taiko also plans to introduce a points incentive program called Trailblazers to engage its community by rewarding them for completing tasks and interacting with the network. 

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