Exciting Developments in Layer-2 Project Taiko on Ethereum Mainnet 🚀
Welcome, crypto enthusiasts! Exciting news has emerged in the world of decentralized finance with the official deployment of the Taiko protocol on the Ethereum (ETH) mainnet. This marks a significant milestone after two years of dedicated work in enhancing Ethereum’s scalability and security while maintaining a decentralized structure.
The Proposal by Vitalik Buterin as Taiko Deploys on Ethereum 🎉
– Ethereum co-founder Vitalik Buterin proposed the inaugural block for Taiko’s deployment on Ethereum.
– Buterin expressed his excitement about Taiko’s unique approach.
– The integration of various proof systems enhances the network’s robustness.
Dive deeper into the world of layer-2 scaling solutions with a Beginner’s Guide
Opportunities for Users and Developers with Taiko’s Launch 🌟
– Regular users can bridge ETH to Taiko using the official bridge.
– Explore decentralized applications for activities like swapping, borrowing, and staking.
– Quota controls for bridging back to Ethereum will be gradually lifted.
– Developers can engage by running nodes, proposing, and proving blocks.
– Vital for maintaining network security and functionality.
– Soon open for broader community involvement.
– Build and deploy smart contracts on Taiko with comprehensive documentation.
– Plans to launch a DAO and transfer protocol control to token holders.
– TKO, Taiko’s native token, will launch a few weeks after mainnet deployment.
– Airdrop to distribute the token for eligible user categories.
Empowering the Community with an Open-Source Approach 🌐
– Taiko is an open-source, permissionless ZK-Rollup equivalent to Ethereum.
– Goal to offer an experience similar to Ethereum without centralized parties.
– Operates entirely through community-driven mechanisms.
Discover more about Layer-2 Crypto Projects for 2024: The Top Picks
Financial Backing and Series A Funding Round for Taiko 💰
– In early March, Taiko announced the completion of commitments for a Series A funding round worth US$15 million.
– Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital led the round.
– Taiko has raised a total of US$37 million across three rounds.
Hot Take: Get Ready to Dive into the World of Taiko on Ethereum Mainnet 🔥
Dear crypto enthusiasts, prepare yourself for an exciting journey into the realm of layer-2 solutions with Taiko on the Ethereum mainnet. With the deployment of the Taiko protocol, Ethereum’s scalability and security are set to reach new heights. Stay tuned for more developments and opportunities to engage with this innovative project!
By
By
By
By
By