Ethereum

Ethereum Layer-2 Scaling Solution TAIKO Releases Whitepaper

Ethereum Layer-2 scaling solution TAIKO has released its whitepaper on Github. TAIKO is a ZK-Rollup that aims for EVM-equivalence and Ethereum-equivalence, which will allow its rollup to support all existing Ethereum smart contracts, dApps, developer tooling, and infrastructure.

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Today, the developers of TAIKO announces on Twitter that its whitepaper has been released on GitHub.

Taiko aims to be a ‘type-1’ ZK-EVM, prioritizing EVM equivalence over ZK-friendly optimizations.

Besides the maximally compatible ZK-EVM component, which proves the correctness of EVM computation on the rollup, Taiko must implement a layer-2 blockchain architecture to support it.

This architecture seeks to be as lightweight, decentralized, and permissionless as possible, and consists of Taiko nodes, provers, and smart contracts. Taiko nodes construct rollup blocks from users’ L2 transactions and commit them to L1.

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Provers generate ZK-SNARK proofs asserting the validity of L2 transactions and blocks. A set of smart contracts deployed on Ethereum L1 acts as the data availability mechanism and verifier of the ZKPs.

According to the whitepaper, the Taiko ZK-Rollup protocol has two major smart contracts deployed on L1 and L2, respectively. Taiko L1 deployed on Ethereum and Taiko L2 deployed on Taiko.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.