Taiko: Revolutionizing Ethereum Through Decentralized ZK-Rollup

In the dynamic landscape of blockchain technology, scalability remains a significant hurdle, especially for widely used networks like Ethereum. Taiko emerges as a groundbreaking solution, presenting itself as a decentralized ZK-Rollup designed to augment throughput on the Ethereum Mainnet.

What is Taiko?

Taiko stands as a decentralized ZK-Rollup equivalent to Ethereum, positioned as a layer 2 scaling solution. It addresses Ethereum's scalability challenge by relocating computation and state-storage off-chain. Built on the Cosmos-SDK and utilizing Tendermint, Taiko operates as a Type 1 ZK-EVM, emphasizing maximum compatibility with Ethereum. Open source and available on GitHub, Taiko encourages free use and modification of its source code with a permissive license. Emphasizing decentralization and permissionlessness, Taiko involves nodes, proposers, and provers that anyone can participate in.

Key Features of Taiko:

1. Decentralization and Transparency: Taiko ensures decentralization by writing all block data necessary to reconstruct the post-block state to the Ethereum mainnet (Layer 1). This public accessibility allows anyone to know the latest chain state and add new blocks to Taiko.
2. Public Data for Proof Generation: Taiko's proof generation process demands that all executable data be publicly saved in sequence. This enhances transparency and verifiability, as provers can generate proofs for a block using publicly known data.
3. Efficient Block Creation: Taiko focuses on making block creation and proposal processes fast and efficient. It provides a level playing field for anyone to add blocks, fostering competition among proposers based on factors like transaction fees and Maximal Extractable Value (MEV).
4. Splitting Block Submission Process: To enhance efficiency, Taiko divides the block submission process into two parts, separating the selection and validation of transactions from the proposal and finalization of blocks.

Leveraging Zero-Knowledge Proofs to bundle transactions, Taiko maintains a transparent record on Ethereum's Layer 1. It strives to make block creation accessible to a broad range of participants. This initiative aligns with the Ethereum Foundation's Privacy and Scaling Explorations (PSE) team, contributing to a broader community effort.