Taiko has launched its Ethereum layer 2 aggregation project, Katla, its final testnet before the expected mainnet, which is scheduled to be live by the end of the first quarter of 2024.
Katla, the sixth Taiko testnet from Taiko developers, introduces a new cumulative architecture known as multi-evidence-based contentious clustering. This combines elements of both Optimistic and ZK-rollups – expected to benefit decentralized applications that require high throughput and cost efficiency.
In terms of overall architecture and implementation, Taiko is the ZK-EVM (Type 1) equivalent of Ethereum, which has the same compatibility as the Ethereum mainnet.
“We are excited to share this latest testnet with our community and partners, aiming to enhance the scalability and security of the Ethereum network. Taiko is the first layer 2 testbed to test multi-proof solutions in a public testnet,” said Daniel Wang, CEO of Taiko Labs.
Unlike Layer 2 pools with centralized serializers, Taiko claims to rely on Ethereum's validators to serialize transactions and blocks – for its security and censorship resistance.
Taiko Labs, the team developing the Layer 2 network, has raised $22 million across two previous rounds. The first was a $10 million seed round led by Sequoia China in 2022, and the second was a $12 million pre-Series A round led by Geneative Ventures in 2023.
Other investors in the two rounds include IOSG Ventures, GSR, GGV Capital, and angel investors such as POAP founder Patricio Worthalter, Ethereum Foundation's Tim Pico, and Ethereum educator and investor Anthony Sassano.
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