Taiko is a Layer 2 blockchain protocol designed to scale Ethereum. It uses Zero-Knowledge Rollup (ZK-Rollup) technology and a Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance transaction speed and reduce costs while maintaining security and decentralization. Taiko’s native token, TAIKO, is used for transaction fees, voting, and rewards within the ecosystem.
Taiko aims to be fully compatible with Ethereum, allowing developers to deploy their existing decentralized applications (dApps) without modifications. This simplifies the transition and encourages adoption among developers. Taiko leverages ZK-Rollup technology to increase transaction throughput and reduce fees. This makes transactions more efficient and secure compared to traditional methods.
The protocol is fully decentralized, with open-source code available on GitHub. It plans to launch with a decentralized set of proposers and provers, ensuring anyone can participate in maintaining the network. Taiko is committed to being a community-driven project. It plans to transfer governance to a Decentralized Autonomous Organization (DAO), allowing token holders to participate in decision-making processes.
