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Home » Vitalik Submits Genesis Block on Taiko Mainnet: Celebrating the First-Based Rollup Project
Ethereum

Vitalik Submits Genesis Block on Taiko Mainnet: Celebrating the First-Based Rollup Project

By adminMay. 25, 2024No Comments2 Mins Read
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Vitalik Submits Genesis Block on Taiko Mainnet: Celebrating the First-Based Rollup Project
Vitalik Submits Genesis Block on Taiko Mainnet: Celebrating the First-Based Rollup Project
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Vitalik Buterin, the founder of Ethereum, proposed the first block on the mainnet of Taiko, an Ethereum Layer2 network based on Based Rollup, as a block proposer this afternoon. He left an encouraging message in the block:

The same message also includes a statement jointly released by many people: “We believe that building a resilient network that serves the majority requires diverse perspectives. So far, every contributor to Taiko has played a crucial role in launching the network and is committed to decentralization as their primary driving factor.”

Taiko, the pioneer of Based Rollup:
Taiko is an Ethereum L2 network based on zkRollup and is currently the only team developing a solution based on Based Rollup. Based Rollup is a rollup solution developed to address the limitations of Optimistic Rollup and ZK Rollup. It not only simplifies technical complexity and reduces transaction latency but is also the only solution that fully inherits Ethereum’s liveness.

Taiko announced the token economic model this week and also announced the launch of the genesis airdrop. A total supply of 1 billion TKO tokens will be allocated with 5% distributed to the genesis airdrop.

Further reading:
In-depth explanation of Based Rollup: How to address the challenges faced by Optimistic Rollup and ZK.

Related Reports
Explainer: How many types of Rollups are there? Besides Validity and Optimistic, there are others.
Vitalik proposes new Ethereum improvement proposal “EIP-7706”: How the concept of multi-dimensional gas release L2 scalability.
Analysis: Why is Vitalik concerned about Rollup development? How should Layer2 proceed?

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