About Taiko
This module will introduce the basics of Taiko, including its goals, history, development team, main functions, and the concept based on Rollup.
What is Taiko?
Taiko is a blockchain project aimed at addressing the scalability and high cost issues of Ethereum using Zero-Knowledge Rollups (ZK-Rollups) technology. Its main goal is to provide a scalable, cost-effective, and secure Layer 2 solution that is fully compatible with Ethereum's EVM (Ethereum Virtual Machine), ensuring that developers can easily migrate their projects to Taiko while retaining the functionality and security features of the Ethereum ecosystem, reducing transaction fees, and maintaining decentralization, permissionless, and security features.
The protocol documentation describes it as follows:
Ethereum is too expensive. We believe in Ethereum's core attributes such as censorship resistance, permissionless, and security. We also believe that Rollup should extend these attributes rather than add to them.The history of Taiko
Establishment and early development (March 2022)
The Taiko Protocol was founded by Daniel Wang in March 2022. The project initially focused on building a fully EVM-compatible zero-knowledge proof rollup (Type 1 ZK-EVM) that aims to solve Ethereum's scalability problem without sacrificing compatibility and decentralization.
Daniel Wang is the co-founder and CEO of Taiko Labs. He has extensive experience in software engineering and blockchain technology.
Before founding Taiko, Wang was an early core member of Loopring, a blockchain protocol focused on decentralized exchanges. His experience at Loopring provided him with valuable insights into Layer-2 solutions and a deep understanding of the importance of scalability and security in blockchain networks.
Wang's contributions to the Ethereum ecosystem are noteworthy. He has been a strong advocate of scalability and has been working on zero-knowledge proofs since 2018, believing that reducing transaction costs and increasing decentralization are essential to Taiko's design philosophy.
Alpha Testnet and Early Community Engagement (2022-2023)
The first important milestone is the Alpha-1 testnet, which will be launched in December 2022, allowing the team to begin testing the functionality of ZK-EVM circuits and Rollup nodes.
Following the success of Alpha-1, Alpha-2 has been launched, introducing the initial implementation of permissionless proof and protocol economics. This testnet provides valuable insights and shapes future development.
Financing & Expansion (June 2023)
In June 2023, Taiko raised $22 million in two rounds of financing led by Sequoia China and Generative Ventures. The funds will be used to accelerate development and community growth, and prepare for the mainnet launch of the project.
Ongoing Development and Community Growth (2023)
Throughout 2023, Taiko will continue to improve its technology, including the development of two important updates for protocol deployment on the mainnet: Based Contestable Rollup (BCR) and Based Booster Rollup (BBR), which are based on contentious and enhanced mechanisms respectively.
By the end of 2023, Taiko's community had grown significantly, with active participation across different channels, including Twitter and Discord, as well as an ever-expanding ecosystem, with nearly 80 decentralized applications (dApps) deployed.
Mainnet deployment and early adoption (May 2024)
After two years of development, Taiko has successfully deployed on the Ethereum mainnet. This milestone allows users to interact with DeFi services on the protocol, marking the beginning of its real-world applications. Within a month of the mainnet launch, the protocol processed over 21 million transactions and attracted nearly 700,000 unique wallets, indicating strong early interest and adoption.
Transition to Community Governance and Future Plans (2024)
After the mainnet launch, Taiko began to transition to a decentralized autonomous organization (DAO) model, giving the community a more active role in the future development of the protocol.
As Taiko continues to grow, the focus remains on expanding its ecosystem, improving security, and ensuring community participation. The protocol continues to evolve, with plans to introduce more features and partnerships next year.
Development concept
The Taiko team emphasizes community participation, open-source development, and high standards of security and decentralization in their development strategy. They believe in the collaborative power of the community to drive innovation and ensure that the protocol develops according to user needs.
- Community Involvement:The Taiko team actively participates in the blockchain community. They encourage feedback and contributions from developers and users, which helps Taiko stay aligned with the ever-changing demands of the Ethereum ecosystem.
- Open source development:All of Taiko's code is released on GitHub under a permissive MIT license, allowing developers worldwide to use, modify, and contribute to the code. This approach accelerates development while ensuring that Taiko benefits from the collective expertise of a global developer community.
- High standard security and decentralization:The team places great emphasis on security and decentralization. They have implemented a permissionless and decentralized proposer/validator network to ensure that Taiko remains highly decentralized.
The Taiko team works closely with other projects and blockchain researchers to ensure that Taiko is always at the forefront of technological advancements and is able to integrate the latest innovations into its protocol, enhancing its own development efforts by sharing knowledge and resources.
Main features and objectives
Taiko runs a permissionless and decentralized proposer/prover network, maintaining a high level of decentralization and security without the need for additional trust assumptions.
Taiko's code is fully open source and released under a permissive MIT license on GitHub, encouraging collaboration and transparency, allowing developers to use, modify, and contribute to Taiko's codebase in a collaborative environment.
Rollup-based Taiko uses Ethereum validators for transaction ordering, inheriting Ethereum's liveness and trusted neutrality. This approach ensures secure and decentralized transaction sequencing. Taiko uses two main rollup-based types:
Controversy-Based Rollups (BCR):By combining dispute mechanisms and multiple proof methods, it reduces transaction costs and increases decentralization by allowing any participant to propose and dispute transactions.
Based Booster Rollups (BBR):Enhance scalability through sharded transaction execution and storage, reduce developers' workload and redeployment costs, and solve the liquidity fragmentation problem of cross-Layer-2 solutions.
Both BCR and BBR provide scalable and efficient solutions while maintaining the security and decentralization of Ethereum.
By maintaining full compatibility with the Ethereum EVM and using ZK-Rollup technology, Taiko represents a significant advancement in Ethereum's scaling solutions.
bright spot
- Taiko Overview: A blockchain project that extends Ethereum using ZK-Rollups technology.
- History: Developed to solve Ethereum's scalability problems, with significant funding and development milestones.
- Development Team: Led by Daniel Wang and Alex Gluchowski, focusing on security, scalability, and community engagement.
- Key features: speed and scalability, security and decentralization, as well as open source methods.
- Based on Rollups: using Ethereum validators to order transactions, ensuring security and decentralization.
Lesson 1:About Taiko
Lesson 2:Technical Architecture of Taiko Protocol
Lesson 3:Development Tools
Lesson 4:Use cases of Taiko
Lesson 5:TAIKO Token and tokenomics
Lesson 6:Henjin DEX
Lesson 7:LooperLands
Lesson 8:DTX
Lesson 9:Security and Decentralization
Lesson 10:Ecosystem and Community
About Taiko
This module will introduce the basics of Taiko, including its goals, history, development team, main functions, and the concept based on Rollup.
What is Taiko?
Taiko is a blockchain project aimed at addressing the scalability and high cost issues of Ethereum using Zero-Knowledge Rollups (ZK-Rollups) technology. Its main goal is to provide a scalable, cost-effective, and secure Layer 2 solution that is fully compatible with Ethereum's EVM (Ethereum Virtual Machine), ensuring that developers can easily migrate their projects to Taiko while retaining the functionality and security features of the Ethereum ecosystem, reducing transaction fees, and maintaining decentralization, permissionless, and security features.
The protocol documentation describes it as follows:
Ethereum is too expensive. We believe in Ethereum's core attributes such as censorship resistance, permissionless, and security. We also believe that Rollup should extend these attributes rather than add to them.The history of Taiko
Establishment and early development (March 2022)
The Taiko Protocol was founded by Daniel Wang in March 2022. The project initially focused on building a fully EVM-compatible zero-knowledge proof rollup (Type 1 ZK-EVM) that aims to solve Ethereum's scalability problem without sacrificing compatibility and decentralization.
Daniel Wang is the co-founder and CEO of Taiko Labs. He has extensive experience in software engineering and blockchain technology.
Before founding Taiko, Wang was an early core member of Loopring, a blockchain protocol focused on decentralized exchanges. His experience at Loopring provided him with valuable insights into Layer-2 solutions and a deep understanding of the importance of scalability and security in blockchain networks.
Wang's contributions to the Ethereum ecosystem are noteworthy. He has been a strong advocate of scalability and has been working on zero-knowledge proofs since 2018, believing that reducing transaction costs and increasing decentralization are essential to Taiko's design philosophy.
Alpha Testnet and Early Community Engagement (2022-2023)
The first important milestone is the Alpha-1 testnet, which will be launched in December 2022, allowing the team to begin testing the functionality of ZK-EVM circuits and Rollup nodes.
Following the success of Alpha-1, Alpha-2 has been launched, introducing the initial implementation of permissionless proof and protocol economics. This testnet provides valuable insights and shapes future development.
Financing & Expansion (June 2023)
In June 2023, Taiko raised $22 million in two rounds of financing led by Sequoia China and Generative Ventures. The funds will be used to accelerate development and community growth, and prepare for the mainnet launch of the project.
Ongoing Development and Community Growth (2023)
Throughout 2023, Taiko will continue to improve its technology, including the development of two important updates for protocol deployment on the mainnet: Based Contestable Rollup (BCR) and Based Booster Rollup (BBR), which are based on contentious and enhanced mechanisms respectively.
By the end of 2023, Taiko's community had grown significantly, with active participation across different channels, including Twitter and Discord, as well as an ever-expanding ecosystem, with nearly 80 decentralized applications (dApps) deployed.
Mainnet deployment and early adoption (May 2024)
After two years of development, Taiko has successfully deployed on the Ethereum mainnet. This milestone allows users to interact with DeFi services on the protocol, marking the beginning of its real-world applications. Within a month of the mainnet launch, the protocol processed over 21 million transactions and attracted nearly 700,000 unique wallets, indicating strong early interest and adoption.
Transition to Community Governance and Future Plans (2024)
After the mainnet launch, Taiko began to transition to a decentralized autonomous organization (DAO) model, giving the community a more active role in the future development of the protocol.
As Taiko continues to grow, the focus remains on expanding its ecosystem, improving security, and ensuring community participation. The protocol continues to evolve, with plans to introduce more features and partnerships next year.
Development concept
The Taiko team emphasizes community participation, open-source development, and high standards of security and decentralization in their development strategy. They believe in the collaborative power of the community to drive innovation and ensure that the protocol develops according to user needs.
- Community Involvement:The Taiko team actively participates in the blockchain community. They encourage feedback and contributions from developers and users, which helps Taiko stay aligned with the ever-changing demands of the Ethereum ecosystem.
- Open source development:All of Taiko's code is released on GitHub under a permissive MIT license, allowing developers worldwide to use, modify, and contribute to the code. This approach accelerates development while ensuring that Taiko benefits from the collective expertise of a global developer community.
- High standard security and decentralization:The team places great emphasis on security and decentralization. They have implemented a permissionless and decentralized proposer/validator network to ensure that Taiko remains highly decentralized.
The Taiko team works closely with other projects and blockchain researchers to ensure that Taiko is always at the forefront of technological advancements and is able to integrate the latest innovations into its protocol, enhancing its own development efforts by sharing knowledge and resources.
Main features and objectives
Taiko runs a permissionless and decentralized proposer/prover network, maintaining a high level of decentralization and security without the need for additional trust assumptions.
Taiko's code is fully open source and released under a permissive MIT license on GitHub, encouraging collaboration and transparency, allowing developers to use, modify, and contribute to Taiko's codebase in a collaborative environment.
Rollup-based Taiko uses Ethereum validators for transaction ordering, inheriting Ethereum's liveness and trusted neutrality. This approach ensures secure and decentralized transaction sequencing. Taiko uses two main rollup-based types:
Controversy-Based Rollups (BCR):By combining dispute mechanisms and multiple proof methods, it reduces transaction costs and increases decentralization by allowing any participant to propose and dispute transactions.
Based Booster Rollups (BBR):Enhance scalability through sharded transaction execution and storage, reduce developers' workload and redeployment costs, and solve the liquidity fragmentation problem of cross-Layer-2 solutions.
Both BCR and BBR provide scalable and efficient solutions while maintaining the security and decentralization of Ethereum.
By maintaining full compatibility with the Ethereum EVM and using ZK-Rollup technology, Taiko represents a significant advancement in Ethereum's scaling solutions.
bright spot
- Taiko Overview: A blockchain project that extends Ethereum using ZK-Rollups technology.
- History: Developed to solve Ethereum's scalability problems, with significant funding and development milestones.
- Development Team: Led by Daniel Wang and Alex Gluchowski, focusing on security, scalability, and community engagement.
- Key features: speed and scalability, security and decentralization, as well as open source methods.
- Based on Rollups: using Ethereum validators to order transactions, ensuring security and decentralization.