🚀 Taiko's L2 Network Goes Live on Mainnet
posted 27 May 2024
Taiko has officially launched its L2 network on the mainnet. Taiko is an Ethereum-equivalent, EVM-compatible L2 blockchain utilizing ZK-rollup technology.
This milestone follows seven phases of testnet, with Ethereum's Vitalik Buterin contributing to the genesis block:
I'm excited to see that Taiko is launching as a based rollup. Ethereum benefits from L2s taking a plurality of different approaches, and I appreciate them being among the first to go in this direction.
The official bridge for transferring assets from Ethereum to Taiko is active. However, returning assets to Ethereum may take over 15 minutes due to current quota controls. Delays might increase, but the quota control is planned to be removed eventually.
The project plans to create a DAO and transition to its governance later this year. The token launch is expected in a few weeks.
The mainnet launch follows Taiko's recent announcement of a token airdrop for early contributors, including active testnet users and node operators.
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