Ethereum co-founder Vitalik Buterin was optimistic as he suggested the first block before Taiko’s Layer 2 mainnet debut, showcasing the network’s scalability.
Ethereum (ETH) co-founder Vitalik Buterin has put forth the initial block in the preparation of Taiko mainnet.
The Layer 2 scaling firm has reached a momentous milestone with this development.
Buterin conveyed his high regard for the launch of Taiko and its wider ramifications on the Ethereum ecosystem in a noteworthy message embedded within the block.
Vitalik Buterin On Taiko Mainnet
“I’m excited to see that Taiko is launching as a based rollup,” Buterin wrote, according to the message on the Taiko mainnet block.
Furthermore, he emphasized Taiko’s novel methodology.
Moreover, he continued, “Ethereum benefits from L2s taking a plurality of different approaches, and I appreciate them being among the first to go in this direction.”
By reducing the cost of transactions while maintaining the network’s fundamental qualities of censorship resistance, permissionlessness, and security, Taiko endeavors to tackle the scalability challenges faced by Ethereum.
The startup is developing a “Type 1” ZK-EVM, which supports zero-knowledge proof computation and is entirely compatible with the Ethereum Virtual Machine.
Moreover, this technology enables secure and more efficient transaction processing without compromising security or decentralization.
Therefore, introducing Taiko as a ZK-rollup signifies a substantial advancement in the progression of Layer 2 solutions on Ethereum.
Taiko can provide cost-effective and scalable transactions, essential for the extensive adoption of decentralized applications, by utilizing zero-knowledge proofs.
Additionally, Buterin’s support emphasizes the criticality of utilizing various strategies in the Ethereum Layer 2 domain, as these are fundamental to the long-term viability and prosperity of the network.
Taiko Genesis Airdrop
Taiko had previously disclosed its intentions to distribute an airdrop to its community members before the launch of its mainnet.
This endeavor, known as the “genesis airdrop,” will involve the distribution of 5% of the entire supply of 1 billion tokens.
Community members who have participated in the Taiko testnet are eligible for the initial airdrop.
Those who participated in the Ethereum initial coin offering (ICO), served as block proposers and provers, or contributed to particular GitHub repositories are also eligible.
Significant stakeholders will receive 48.5% of the tokens distributed by Taiko.
Taiko Labs and its core personnel receive 20% of this, the Taiko Foundation reserves 16.88%, and investors 11.62%.
The DAO Treasury also receives 20% of the tokens.
Other allocations comprise 5% for Trailblazer airdrops, distinct from the Genesis airdrop, 5% for grants and retroPGF, and 5% for market making and liquidity.
Additionally, eligibility for the TKO genesis airdrop will be available once the Taiko Layer 2 mainnet is operational.
