"TKO"

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The Taiko project is a Layer 2 solution leveraging zkEVM technology dedicated to extending the functionality of Ethereum through the decentralized Ethereum equivalent of zkRollup. It allows developers and users to seamlessly extend Ethereum without changing existing decentralized applications (dApps). Key features of Taiko include fully EVM-compatible zkEVM Type 1, open source code, complete decentralization, and transaction sequencing by Ethereum validators. The Taiko protocol ensures transaction correctness and network security through smart contracts and decentralized verification. Additionally, Taiko includes innovations based on Contestable Rollups (BCR) and Booster-Based Rollups (BBR), as well as TKO tokens for validator rewards, transaction fees, and network governance.

Taiko is a ZK-Rollup equivalent to Ethereum, which extends Ethereum through a decentralized, permissionless, and secure Layer2 architecture by supporting all EVM opcodes. In other words, Taiko will expand Ethereum at the technical and protocol levels by operating in the same manner as Ethereum itself.

DeFi meets NFT on BakerySwap, a comprehensive DeFi and NFT platform offering innovative trading solutions on multi-chains. BakerySwap is also an incubator, identifying and fostering innovative projects.

Memecoins, liquid restaking tokens, liquid staking derivatives, blockchain modularity, Layer 1s, Layer 2s (Optimistic rollups and zero knowledge rollups), BRC-20, DePIN, Telegram crypto trading bots, prediction markets, and RWAs are some narratives to watch in 2024.

As one of the earliest exchanges to implement Proof of Reserve, Gate.io once again upgrades its Proof-of-Reserves solution using zk-SNARK technology. This article will guide you through how to use the open-source technology provided by Gate.io to verify the security of your exchange assets and personal assets on your own device.