Taiko (TAIKO)

Ethereum Scaling

Taiko is an Ethereum-equivalent rollup designed to scale Ethereum by processing transactions more efficiently while maintaining compatibility with Ethereum.

Decentralization and Governance

Taiko operates without centralized sequencers and is governed by a community DAO, allowing anyone to participate in decision-making.

Rollup Variants

Taiko offers Alethia, a general-purpose rollup with no centralized sequencer, and Gwyneth, a rollup that is synchronously composable with Ethereum, enabling seamless interaction with Ethereum’s mainnet.

Ecosystem and Tools

Taiko provides developer-friendly tools such as bridges, swaps, and explorers to build and interact with decentralized applications on its network.

Pros

• Taiko is fully permissionless and Ethereum-equivalent, meaning it works very similarly to Ethereum and anyone can participate without restrictions.
• It uses Ethereum for sequencing transactions, which keeps it decentralized and simple by avoiding extra consensus layers.
• Taiko Alethia offers a frictionless developer experience with execution-level compatibility with Ethereum, making it easy for developers to build and scale apps.
• It is highly configurable and future-compatible, allowing upgrades to newer proof systems without changing the core protocol.
• The network is open source under a permissive license, encouraging community involvement and transparency.
• Taiko’s design reduces transaction costs and increases decentralization by combining Ethereum sequencing with contestation and multi-proof mechanisms.

Cons

• Taiko is still in alpha stages (Alpha-3 and Alpha-4 testnets), so some features and tokenomics are still being researched and developed.
• As a newer rollup, it may have open questions and areas for improvement in its proving design and tokenomics.
• The ecosystem is growing but still limited compared to more established networks, so fewer dApps and integrations are available currently.

Founders of Taiko

The founders of Taiko are Daniel Wang, Brecht Devos, Terence Lam, and Matthew Finestone. Daniel Wang serves as Co-Founder and CEO, Brecht Devos as Co-Founder and CTO, Terence Lam as Co-Founder and CSO, and Matthew Finestone as COO. The team has extensive experience in blockchain and zero-knowledge proof technologies, with Daniel Wang also known for his work on Loopring, the first application-specific ZK rollup.

Lead Investors

Taiko has raised $37 million in funding from top venture capital firms. The lead investors include Lightspeed Faction, Hashed, Generative Ventures, Token Bay Capital, Sequoia China, and GGV Capital.

Other Notable Investors

Additional investors who participated in funding rounds are Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, WW Ventures, MH Ventures, KuCoin, BAI Capital, IOSG Ventures, Mirana Ventures, Skyland Ventures, Yunqi Partners, and Capital6 Eagle.

Investment Rounds

Taiko has completed multiple funding rounds, including a $15 million Series A round and earlier rounds totaling $37 million. These rounds attracted a broad group of 34 investors supporting the project’s mission to scale Ethereum with a decentralized, permissionless ZK-Rollup solution.

For more details, visit the official website: https://taiko.xyz/

Halal Status of Taiko

No, there is no information available that confirms Taiko is halal. The provided details focus on its technology, governance, and roadmap but do not address religious or halal compliance.