Taiko Price (TAIKO)

What Is Taiko(TAIKO)?

Taiko is a fully permissionless and decentralized Ethereum-equivalent ZK-Rollup. This means using Taiko is exactly the same as using Ethereum. Not only does Taiko support all EVM opcodes, but it supports the full JSON-RPC execution client API.

Taiko is an L2 that derives it’s security from Ethereum. There is no centralized sequencer or provers, all operations are permissionless and community driven. Learn more about Taiko under our core concepts in the sidebar.

The Taiko protocol

Taiko Protocol: A set of smart contracts deployed on Ethereum which describe the Taiko protocol, a fully open source scaling solution for Ethereum. In the most fundamental sense, this is what Taiko is. Even Taiko’s governance itself is written into the protocol contracts.

Taiko  Organizations

• Taiko Labs: A research & development group that works on the Taiko protocol.
• Taiko Treasury: A treasury which is funded by the income generated by the Taiko protocol (L2 EIP-1559 congestion MEV).
• Taiko DAO: A group of Taiko Token (TKO) holders which have the voting rights to govern various parts of the Taiko Protocol including smart contract upgrades, TKO parameters, and more. The Taiko DAO effectively controls everything.
• Taiko Foundation: A Cayman Island entity that stewards the growth and development of the Taiko protocol and wider ecosystem. The foundation works solely for, and on behalf of, the Taiko DAO and token holders. Its responsibilities include, but are not limited to, financing of technical developments, ecosystem growth and maintenance, partnerships with service providers, events managements, and much more — either through grants or other means. The foundation will do so with full transparency to the Taiko community and DAO.
• Taiko Security Council: An X-member council of individuals and entities elected by the Taiko DAO to undertake emergency actions on the Taiko protocol, as and when needed. The Security Council’s core responsibility is to ensure the safety and soundness of the Taiko protocol, and as such it has the powers to implement upgrades or changes in pursuit of that objective. The Security Council also controls the Guardian Provers within the Taiko protocol.
• Taiko Diplomats: Inspired by Optimism’s experiments with non-plutocratic governance and bicameral design, Taiko Diplomats are responsible for the allocation of Retroactive Public Goods Funding. Diplomats are elected by Taiko token holders and serve a set term for which they are compensated.
• Taiko Community: Various social groups / accounts run permissionlessly by anyone who desires it. Some examples include the Taiko Discord, Taiko Twitter, etc.

What is a Type 1 ZK-EVM?

The different types of ZK-EVMs make tradeoffs between compatibility and proof generation cost. A Type 1 ZK-EVM prioritizes compatibility over proof generation cost.

Another term for a Type 1 ZK-EVM is "Ethereum-equivalent". This term comes from the fact that Type 1 ZK-EVMs make no changes to the Ethereum architecture, whether it be the hash function, state trees, or gas costs. This equivalency allows us to reuse execution clients with minimal modification.

Is Taiko open source?

Yes, Taiko is open source under the permissive MIT license (free to access and modify). The Geth fork (taiko-geth) retains the original Geth GPL licenses.

Taiko (TAIKO) Community

• Twitter: https://twitter.com/taikoxyz/
• Discord: https://discord.gg/taikoxyz