Layer 2 project Taiko launches final testnet ahead of planned mainnet release in Q1
Ethereum Layer 2 rollup vacancy Taiko has launched Katla — its last testnet previously the intended mainnet, which is slated to go stay by the run out of the first quarter of 2024.
Katla, the sixth Taiko testnet from Taiko programmers, postures a new-made rollup architecture known as the multi-proof based contestable rollup. This unifies variables of both Radical and also ZK-rollups — intended to merit decentralized implementations contacting for high throughput and also expense suitability.
In stipulation of its complete architecture and also execution, Taiko is an Ethereum-identical ZK-EVM (Kind-1), which has unmodified compatibility as the Ethereum mainnet.
“We are anxious to share this latest testnet with our municipal and also affiliates, seeking to better optimize the scalability and also safety and also security of the Ethereum network. Taiko is the first Layer 2 to test multiproof bargains with in a public testnet,” claimed Daniel Wang, CEO of Taiko Labs.
Opposite Layer 2 rollups with integrated sequencers, Taiko cases to rely on Ethereum validators to sequence undertakings and also blocks — to gain its safety and also security and also censorship resistance.
Taiko Labs, the team formulating the Layer 2 network, lifted $22 million across two rounds earlier. The first was a $10 million seed bulbous spearheaded by Sequoia China in 2022, and also the second was a $12 million pre-Caboodle A bulbous spearheaded by Generative Tasks in 2023.
Miscellaneous other sponsors in the two rounds forced IOSG Tasks, GSR, GGV Capital, and also angel sponsors such as POAP founder Patricio Worthalter, Tim Beiko of the Ethereum Keystone, and also Ethereum educator and also capitalist Anthony Sassano.
