Taiko (TAIKO) is a completely permissionless and decentralized ZK-Rollup layer-2 platform that mirrors Ethereum. For regular users, utilizing Taiko is comparable to using Ethereum directly. It upholds all the fundamental characteristics that have established Ethereum as a dominant force in the blockchain universe – including resistance to censorship, permissionless accessibility, and strong security measures.
Taiko utilizes a based rollup, a groundbreaking concept that sets it apart from traditional rollup solutions. Unlike other rollups, Taiko's sequencing is not controlled by a centralized entity, relying instead on Ethereum's base layer for sequencing. This decentralized approach enhances security, simplifies the architecture, and reinforces Ethereum's economic guarantees, while also making the transaction process more efficient and cost-effective. Taiko's components include a Settlement Layer using Ethereum for on-chain finality, a Data Availability Layer for data accessibility, and leverages Ethereum's consensus mechanism for transaction ordering instead of having a separate consensus layer.
TAIKO has a total supply of 1,000,000,000.
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