Taiko
What is Taiko Crypto?
Taiko is a highly configurable, fully open-source, permissionless (based), Ethereum-equivalent rollup. It can be easily configured as a fully ZK rollup, optimistic rollup, or anything in between. There are no centralized actors that operate the network; all operations are permissionlessly run by the community.
Ethereum is often criticized for its high transaction fees, but it remains highly valued for its core properties like being censorship-resistant, permissionless, and secure. Taiko aims to make Ethereum cheaper while maintaining these properties through a unique rollup approach:
- Based Contestable Rollup: A configurable rollup designed to reduce transaction fees on Ethereum.
- Based Booster Rollup: An innovative approach to native Layer 1 scaling.
What is the Taiko Protocol?
The Taiko Protocol is a set of smart contracts deployed on Ethereum that describe the fully open-source scaling solution for Ethereum. The protocol governs itself through smart contracts, ensuring transparency and decentralization. Key components include:
- Taiko Community: Social groups and accounts run by community members, including Taiko Discord and Taiko Twitter.
- Taiko Labs: Research and development group focused on the Taiko protocol.
- Taiko Treasury: Funded by income from the Taiko protocol, including L2 EIP-1559 congestion MEV.
- Taiko DAO: A governing body in progress, composed of TAIKO token holders with voting rights over smart contract upgrades and network parameters.
- Taiko Foundation: Stewards growth and development of the Taiko protocol and ecosystem, financed by the Taiko DAO and token holders.
- Taiko Security Council: Elected by the Taiko DAO to handle emergency actions and ensure the safety of the Taiko protocol.
Does Taiko have a token?
Yes, Taiko has a native token called TAIKO. The token is integral to the network's governance and operation. TAIKO token holders have voting rights over smart contract upgrades, network parameters, and more, through the Taiko DAO. The token also plays a role in the network's economic model, including funding the Taiko Treasury and supporting the ecosystem's growth.
Where can I buy Taiko Crypto?
Taiko crypto can be purchased on various cryptocurrency exchanges. As Taiko continues to develop, it is expected to be listed on more exchanges. For the latest information on where to buy TAIKO, check the Taiko official website and major cryptocurrency exchange platforms. Always ensure to transfer large amounts of TAIKO to a secure wallet for safekeeping.
