Taiko's Layer-2 Solution Secures $15 Million in Latest Funding Round Led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital.In its recent Series A funding round, Taiko successfully raised an additional $15 million.Here is A Tweet From Taiko ✅We're excited to announce that Taiko Labs, the core development team behind the Taiko protocol, has raised $37M in total capital across three rounds!The deal was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Additionally, Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures also participated in the funding round.In total, Taiko has raised $37 million across three funding rounds since its inception. However, it’s currently unclear when Taiko initiated fundraising for the Series A round, and project co-founder Terence Lam declined to comment on the company’s structure and valuation.How Taiko Plans to Utilize and Their Investment and Future PlansThe new investment will be used by the company to develop its product and expand its team in the future. Furthermore, Taiko has disclosed plans to establish an ecosystem development fund. Last December, Taiko announced its intention to allocate approximately $30 million for its second funding round.Taiko is a zkEVM solution for Ethereum, serving as a layer-2 data transaction verification utilizing zero-knowledge proof technology while also being inherently compatible with the Ethereum Virtual Machine (EVM).Positioning itself as a “Type 1” zkEVM, as defined by Vitalik Buterin, means it’s the most compatible solution with the EVM, facilitating easier scalability for the Ethereum layer-1. Unlike other layer-2 solutions that typically have their own sequencer network for rollup, Taiko directly relies on Ethereum’s verification infrastructure to organize transactions and blocks, inheriting absolute security and censorship resistance.#Taiko #TrendingTopic

Tutorial de Mobile Wallet
Cómo añadir Taiko Testnet a TokenPocket
Abre la APP TokenPocket, haz clic en la esquina superior derecha e introduce “Taiko Katla L2” en la barra de búsqueda de la lista.

2. Revise los resultados de la búsqueda, haga clic en Taiko Katla L2, verifique la información en la ventana emergente y haga clic en 【Confirmar】.

3. Después de añadir, haga clic en la cadena pública Taiko Katla L2 recién añadida. Puedes elegir crear un monedero o importar un monedero y luego usar el monedero Taiko Katla L2.

Tutorial de Plugin Wallet:
Abra el monedero del complemento TokenPocket y haga clic en la opción blockchain de la esquina superior izquierda. 2. Selecciona la función “Custom RPC”.

2. Haga clic en “Easy Add” en la red.

Busca Taiko Katla L2 y selecciona “Añadir a TokenPocket” en los resultados de la búsqueda para añadirlo al monedero del complemento.

3. Después de seleccionar agregar una red, aparecerán los parámetros de la red que se agregará. Después de confirmar los detalles, haga clic en ‘Confirmar’ para agregar la billetera Taiko Katla L2.

#TokenPocket #Taiko #Testnet $ETH

ℹ️ #Taiko is a decentralized Ethereum ZK-Rollup on Layer2, scalable to Layer3.

💼 #Investment yesterday there was news that the project raised $22 million led by Sequoia China and Generative Ventures with participation of KuCoin Ventures, OKX Ventures, GSR Markets, IOSG Ventures and many others.

Recently we wrote about the second phase of the testnet, and now Taiko announced the third phase, in which they added some innovations, and according to them, this phase will be designed to test the interface and usability of the protocol.

📝 ACTIONS TO PARTICIPATE:

- Add test networks "Sepolia" and "Taiko Alpha-3" to #MetaMask ;

- After adding the networks, import the test token in your#wallet using this data;

- Obtain test ETH using one of the following cranes: 1; 2; 3; 4;

- Next, we get the Bull and Horse test tokens using the link in the "Faucet" tab;

- Then enter the bridge and send test ETH from Sepolia network to Taiko and back;

- Do the same with Horse and Bull tokens;

- At the end, it is worth to join #Discord and pass the captcha, and if possible to be active in chats;

At this point the basic activities are over, but if you want, you can install a noda or make a smart-contract deplay by official guide, there is a detailed description and these activities can become one of the main multipliers to possible drop.

💁🏻‍♂️ Some thoughts: our team strongly recommends that you dilute your daily routine by scrolling LayerZero with this simple testnet, even if you haven't done the previous phases. After yesterday's big insta, the chances of a drop increase.

The blockchain space clash with a persistent challenge known as the Trilemma - balancing decentralization, security, and scalability.
#Ethereum , as one of the pioneers in the field, has maintained its commitment to these core principles. However, it faces a pressing issue - network congestion and high transaction fees, which have driven certain developers and users to explore alternative ecosystems.
In response to this challenge, Ethereum has turned its attention to rollups, which are seen as the most promising solution.
🧩 Unraveling Rollups

Rollups are the cornerstone of Ethereum's solution to the trilemma. They are a form of scaling solution that works by processing transactions off-chain while posting transaction data to Ethereum's Layer 1. This clever solution allows Ethereum to scale without jeopardizing its essential pillars of decentralization and security.
[ZK (Zero-Knowledge) rollups](https://www.binance.com/en/feed/post/704959) stand out among the numerous rollup options. These rollups use zero-knowledge proofs, a cryptographic innovation, to validate transaction batches quickly.
Each Layer 1 batch contains a cryptographic proof known as a ZK-SNARK, which may be effectively validated by Layer 1 contracts. Invalid batches are quickly discarded, increasing security.
🚀 Why Taiko Stands Out
#Taiko , a significant player in the ZK rollup arena, stands out for its dedication to Ethereum-equivalence. It's referred to as a Type 1 ZK-EVM (Zero-Knowledge Ethereum Virtual Machine).

This means that Taiko is intended to be totally identical to Ethereum, offering a consistent user and developer experience. This is accomplished by enabling the deployment of all Ethereum Virtual Machine (EVM) opcodes.
Taiko's major goal is to emphasize Ethereum-equivalence over the speed with which ZK-proofs are generated. This "Type 1" designation denotes that Taiko makes no changes to the Ethereum infrastructure, including hash functions, state trees, or gas charges.
Because of the high degree of Ethereum-equivalence, current Ethereum decentralization applications (dApps) can be reused on the Taiko platform without modification.
🏁 Taiko's Stellar Features
High Speed and Scalability: Taiko leverages ZK-Rollup technology to enhance transaction processing speed and reduce fees. ZK-Rollups validate transactions with cryptographic proofs, not only boosting efficiency but also enhancing security compared to optimistic rollup methods.Secured and Decentralized: Taiko aims to launch with a fully decentralized set of proposers and provers, allowing anyone to undertake these roles without restrictions. It fosters the ideal of a properly decentralized rollup, where accessibility for users to participate in essential functions is paramount.Open-Sourced: Taiko takes a transparent and inclusive approach to its open-source project by hosting its code on GitHub. It employs the permissive MIT license for its codebase, reflecting its commitment to openness and simplicity.
🏆 Accomplishments & Roadmap
Taiko's journey began in the first quarter of 2022, with a dedicated team working on the ZK-EVM circuits, the Layer 2 rollup node, and protocol smart contracts on Layer 1. The project has achieved significant milestones, with Alphas testnets garnering active participation from the community.

The roadmap outlines plans for more testnets, each focusing on different aspects of the technology stack, and a mainnet launch slated for Q1 2024.
His vision has attracted substantial investment. It garnered $22 million in two rounds of fundraising, with notable investors such as Sequoia China and Generative Ventures expressing their faith in the concept. The involvement of key contributors and community members strengthens Taiko's position in the Ethereum ecosystem.

Taiko's success is propelled by a team of 35 experts. The co-founders have a proven track record in launching and scaling ZK projects. Daniel Wang, Brecht Devos, Terence Lam, and Matthew Finestone bring a wealth of experience to the project.
🌟 Conclusion
Taiko emerges as a light of hope in a world where the blockchain trilemma has proven to be a tough barrier. It combines decentralization, security, and scalability while remaining Ethereum-equivalent. Taiko's journey has been defined by his dedication to the Ethereum community, open-source values, and the goal of offering a user-friendly experience. Taiko is well on its way to become an accessible and user-friendly platform for Ethereum's developer and user communities, with its alpha test network in operation.
The future looks exceedingly promising for Taiko and #ETH as a whole!
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