Ethereum founder Vitalik Buterin (referred to as V) proposed the first block on the mainnet of Taiko, an Ethereum Layer2 network based on Based Rollup, as a block proposer this afternoon. V left an encouraging message in the block:
The same message also included a statement jointly released by many individuals: “We believe that building a resilient network that serves the majority requires diverse perspectives. So far, each contributor to Taiko has played a crucial role in launching the network and is committed to decentralization as their main driving factor.”
Taiko, the pioneer of Based Rollup
Taiko is an Ethereum L2 network based on zkRollup and is currently the only team developing Based Rollup solutions. Based Rollup is a Rollup solution created to address the limitations of Optimistic Rollup and ZK Rollup. It not only simplifies technical complexity and reduces transaction latency but is also the only solution that fully inherits Ethereum’s liveness.
Taiko announced its token economic model this week and simultaneously announced the launch of the Genesis Airdrop. A total supply of 1 billion TKO tokens will be distributed, with 5% allocated to the Genesis Airdrop.
Further reading:
In-depth explanation of Based Rollup: How to address the current challenges of Optimistic and ZK
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