Discover Taiko (TAI) Network’s Fully Permissionless Proposing and Proving
The Taiko (TAI) network recently unveiled that proposing and proving on its platform are now completely permissionless, making it the first rollup to introduce such features. This move signals a significant shift towards full decentralization in the blockchain space.
Understanding the Based Rollup Concept
Renowned researcher Justin Drake introduced the concept of a “based rollup” in a research post, explaining that a rollup is considered based or L1-sequenced when its sequencing is determined by the base Layer 1 (L1). This means that the next L1 proposer can incorporate the next rollup block into the subsequent L1 block in a trustless manner, without any central authority dictating block or transaction order. This setup allows anyone to propose a rollup block at any time, ensuring complete decentralization.
Taiko’s Innovative Multi-Proof Strategy
To enhance the security and reliability of its network, Taiko is implementing a multi-prover strategy. By utilizing various types of proofs, such as validity proofs and fraud proofs, different proving systems like SNARKs and STARKs, and diverse team implementations, Taiko aims to mitigate the risks associated with bugs and vulnerabilities in proving systems. This approach ensures that even if one proof is compromised, other proofs can act as safeguards against potential vulnerabilities.
- Multi-prover approach enhances network security and reliability
- Utilizes various types of proofs and proving systems
- Diverse team implementations for added protection
Trading TAIKO on Centralized and Decentralized Exchanges
TAIKO, Taiko’s native token, is now tradable on both centralized and decentralized exchanges, allowing users to earn rewards by participating as proposers and provers. This inclusion of TAIKO on multiple platforms aims to attract a diverse range of participants, contributing to further decentralization of the network.
Building a Stronger Community and Network
Taiko encourages users to set up nodes and actively participate in the network to enhance user engagement and network robustness. Comprehensive guidelines on running a proposer and prover on the Taiko network are available in their documentation. The transition to a permissionless network requires collective effort and time, with Taiko inviting network participants to test and utilize its decentralized platform to support its growth and resilience.
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