After an intensive development of approximately 2 years, the mainnet of the Taiko network is finally launched. Those of us who were participating were able to interact in several testnets, including 7 of them.
Daniel Wang, the co-founder and CEO of Taiko, expressed his joy at launching Taiko on the main Ethereum network, trusting that it is a much more secure technology to scale Ethereum.
Taiko manages to emulate the architecture of Ethereum through a zero-knowledge VM, which drastically increases security, allowing for the introduction of multiple types of proofs. Additionally, Taiko processes transactions through validators using a roll-up approach, where security guarantees can be found in its underlying layer.
In my experience with two testnets, the latest being Katla, the operations I have performed have been very satisfactory. However, among so many test networks, one can easily confuse the purposes of each one, which is why it should be more important to mention the pros and cons of each one in terms of comparison. Although efforts may be focused on the main version for the general public.
Something interesting about Taiko is the way its protocols work. Contracts rely on a multisig agreement, although the requirement of SGX proofs is necessary, together with a transition plan, it will be necessary to estimate that 50% of blocks make use of ZK proofs. This process is focused on scaling and securing the network for the future.
Throughout this time in which new testing additions have been taking place, users have tested and performed all kinds of transactions that increased activity on the network. It is expected that for this reason, users will be rewarded, though here, at this point, I can say that it was not handled very well.
Many users who have been engaging in exhaustive activities have not been eligible. It is thought to be due to late entry (possibly due to the so-called screenshot). However, it should be something that remains clear, and so far, there are no further explanations from the team.
That said, Taiko plans to introduce a rewards system called Trailblazers, involving the community in some way to experiment and interact with the network. Surely there are also set tasks, and as is common in these situations, complement the activity with tasks in Galxe.
Galxe is a platform where you can find a large number of projects that boost their activity by users and earn rewards in points to qualify for airdrops, or at least increase interactions in different types of protocols which basically involve exchanging tokens, using bridges, signing transactions or minting NFTs.
Perhaps what is striking is that Vitalik Buterin himself, the quintessential co-founder of Ethereum, proposed an inaugural block in Taiko's mainnet. This block retains metadata containing the names of each core contributor to Taiko.
These two weeks are expected to be for testing on the network. Taiko maintains the position of controlling tests and block proposals to ensure network stability. However, it will then allow these processes to be decentralized actions, hence granting public access without requiring permissions.
Taiko makes it clear that node execution is available to everyone and proposals and testing can now be done in this regard.
- Main image edited in Canva.
- I have consulted information in theblock.co.
- Translated from spanish with Hive Translator by
.