ZK-EVM Taiko Has Been Officially Launched on the Ethereum Mainnet

After two years of development, the Taiko protocol has been deployed on the Ethereum mainnet, marking a significant milestone in the network's scalability.

Vitalik Buterin, co-founder of Ethereum, proposed the inaugural block, underscoring the importance of the project within the Ethereum ecosystem.

Taiko adopts a rollup-based accounting (BCR) approach, which combines sequencing-based and contestation mechanism with multi-testing.

This translates into greater security and scalability for the network, with the goal of changing the scalability landscape of Ethereum.

Taiko's roadmap towards decentralization is clear and well defined.

Inspired by the “training wheels” scheme proposed by Vitalik Buterin, the project has mapped out a meticulous plan towards complete decentralization, spanning three clearly defined stages.

In the first stage, the initial structure of the protocol establishes that all contracts will be under the control of a multisig.

This setup provides a solid foundation for the initial operationalization of the protocol, ensuring stability and security while preparing for future transitions to a more decentralized model.

The second stage marks significant progress towards decentralization, where security guardians and protocol owners will be unified into a single multisig.

This consolidation of responsibilities and authority lays the foundation for more efficient governance and greater community involvement in key decision-making related to the Taiko protocol.

Finally, in the third stage, the completion of the decentralization process is planned, with all protocol contracts under the control of the Taiko DAO at layer 1 of Ethereum.

This transition marks an important milestone on the path to full autonomy, where the community takes a central role in the decision-making and continued evolution of the protocol on the Ethereum network.