{"id":79492,"date":"2024-05-25T10:19:13","date_gmt":"2024-05-25T14:19:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=79492"},"modified":"2024-05-25T10:19:59","modified_gmt":"2024-05-25T14:19:59","slug":"vitalik-buterin-proposes-ethereum-layer-2-taikos-first-block","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vitalik-buterin-proposes-ethereum-layer-2-taikos-first-block\/","title":{"rendered":"Vitalik Buterin Proposes Ethereum Layer 2 Taiko’s First Block"},"content":{"rendered":"\n

Ethereum co-founder Vitalik Buterin was optimistic as he suggested the first block before Taiko's Layer 2 mainnet debut<\/a>, showcasing the network's scalability.<\/p>\n\n\n\n

\"Vitalik<\/figure>\n\n\n\n

Ethereum (ETH) co-founder Vitalik Buterin has put forth the initial block in the preparation of Taiko mainnet. <\/p>\n\n\n\n

The Layer 2 scaling firm has reached a momentous milestone with this development. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Vitalik Buterin On Taiko Mainnet<\/h2>\n\n\n\n

\u201cI\u2019m excited to see that Taiko is launching as a based rollup,\u201d Buterin wrote, according to the message on the\u00a0Taiko mainnet block\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.\u00a0<\/p>\n\n\n\n

Furthermore, he emphasized Taiko's novel methodology. <\/p>\n\n\n\n

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.”<\/p>\n\n\n\n

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.\u00a0<\/p>\n\n\n\n

The startup is developing a “Type 1” ZK-EVM, which supports zero-knowledge proof computation and is entirely compatible with the Ethereum Virtual Machine. <\/p>\n\n\n\n

Moreover, this technology enables secure and more efficient transaction processing without compromising security or decentralization. <\/p>\n\n\n\n

Therefore, introducing Taiko as a ZK-rollup signifies a substantial advancement in the progression of Layer 2 solutions on Ethereum.<\/p>\n\n\n\n

Taiko can provide cost-effective and scalable transactions, essential for the extensive adoption of decentralized applications, by utilizing zero-knowledge proofs. <\/p>\n\n\n\n

Additionally, Buterin's support emphasizes the criticality of utilizing various\u00a0strategies in the Ethereum Layer 2<\/a> domain, as these are fundamental to the long-term viability and prosperity of the network.<\/p>\n\n\n\n

Taiko Genesis Airdrop<\/h2>\n\n\n\n

Taiko had previously disclosed its intentions to distribute an airdrop to its community members before the launch of its mainnet. <\/p>\n\n\n\n

This endeavor, known as the “genesis airdrop,” will involve the distribution of 5% of the entire supply of 1 billion tokens.<\/p>\n\n\n\n

Community members who have participated in the Taiko testnet are eligible for the initial airdrop. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Significant stakeholders will receive 48.5% of the tokens distributed by Taiko. <\/p>\n\n\n\n

Taiko Labs and its core personnel receive 20% of this, the Taiko Foundation reserves 16.88%, and investors 11.62%. <\/p>\n\n\n\n

The DAO Treasury also receives 20% of the tokens.<\/p>\n\n\n\n

Other allocations comprise 5% for Trailblazer airdrops, distinct from the Genesis airdrop, 5% for grants and retroPGF, and 5% for market making and liquidity. <\/p>\n\n\n\n

Additionally, eligibility for the TKO genesis airdrop will be available once the Taiko Layer 2 mainnet is operational.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":56,"featured_media":79494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,23],"tags":[128,10366,4457,13377],"class_list":["post-79492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum-news","tag-ethereum","tag-ethereum-layer-2","tag-vitalik-buterin","tag-zkevm"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/Vitalik-Buterin-Proposes-Ethereum-Layer-2-Taikos-First-Block.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=79492"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/79494"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=79492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=79492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=79492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}