As a crypto investor with experience in Ethereum (ETH) and a strong interest in Layer 2 scaling solutions, I’m thrilled to see Vitalik Buterin’s endorsement of Taiko’s mainnet launch. This is an important milestone for the startup as it paves the way for more efficient and secure transaction processing on Ethereum without compromising decentralization or security.
Vitalik Buterin, the co-founder of Ethereum (ETH), has initiated the first step towards the launch of Taiko’s mainnet by proposing the first block. This is a significant achievement for Taiko, the Layer 2 scaling startup, as it moves closer to its official debut. In an exciting message contained within this block, Buterin expressed his anticipation for Taiko’s rollout and the wider implications it holds for the Ethereum ecosystem.
Vitalik Buterin On Taiko Mainnet
“Buterin expressed his enthusiasm over Taiko’s debut as a rollup with a unique approach. He also praised Taiko for blazing a new trail in the Ethereum L2 (Layer 2) space, noting that it’s important for various methods to coexist and thrive.”
As an analyst, I’d describe it this way: I’m part of the Taiko team, and our mission is to tackle Ethereum’s scalability challenges without compromising its essential features – censorship resistance, permissionlessness, and security. To achieve this, we’re creating a Type 1 ZK-EVM, which is a ZK-rollup that plays nicely with the Ethereum Virtual Machine (EVM) and offers zero-knowledge proof computation as part of the package.
As a researcher studying blockchain technology, I can affirm that this innovation significantly enhances transaction processing efficiency and security without sacrificing decentralization or security. Consequently, the introduction of Taiko as a ZK-rollup marks an essential milestone in Ethereum’s Layer 2 development.
Using zero-knowledge proofs, Taiko enables large-scale and affordable transactions – a significant requirement for the growth of decentralized applications. Furthermore, Buterin’s support highlights the need for multiple solutions in the Layer 2 sector, contributing to Ethereum’s long-term prosperity and resilience.
Taiko Genesis Airdrop
Previously, Taiko announced a plan for distributing tokens to its community ahead of the mainnet launch. This event, named the “genesis distribution,” involves giving away 5% of the total 1 billion token allocation.
Individuals who have interacted with the Taiko testnet are among the first recipients for the airdrop. Furthermore, individuals who acted as block proposers and provers, made contributions to designated GitHub repositories, and took part in the Ethereum Initial Coin Offering (ICO) are also qualified.
As an analyst, I would express it this way: The distribution of Tokens in Taiko consists of approximately half (48.5%) being allocated to significant stakeholders. Amongst this portion, 20% is earmarked for Taiko Labs and its core team members. Another substantial portion, equivalent to about 16.88%, goes to the Taiko Foundation reserves. A further allocation of approximately 11.62% is set aside for investors. Lastly, the DAO Treasury receives a significant share, amounting to 20% of the Tokens.
As a researcher examining this allocation scheme, I’d describe it as follows: The budget consists of several components. Five percent is earmarked for Grants and RetroPGF. Another five percent is reserved for liquidity and market making purposes. Ten percent is designated for the Trailblazer airdrop, which operates independently from the genesis airdrop. Lastly, I should note that the Taiko Layer 2 mainnet must be active before participants can claim their share in the genesis airdrop.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- EUR KRW PREDICTION
- USD PHP PREDICTION
- RARE PREDICTION. RARE cryptocurrency
- NLS PREDICTION. NLS cryptocurrency
- Call of Duty: MW3 and Warzone Season 5 Reloaded Update Patch Notes Revealed
- BCH PREDICTION. BCH cryptocurrency
2024-05-25 15:20