Since its inception in 2022, Taiko has secured $37M in funding and developed the Based Contestable Rollup (BCR), which minimizes costs, strengthens decentralization, and enhances security through a multi-proof system.

Taiko’s development journey included seven testnets with permissionless interaction. Initially, Taiko will act as the sole block proposer and prover for the first two weeks post-launch to ensure network stability. After stabilizing, proposing and proving blocks will become permissionless.

Daniel Wang, co-founder of Taiko Labs, emphasized the importance of security during the rollout: “At this point, security and a smooth rollout is our top priority. By stabilizing the network first, we ensure a reliable foundation before opening it up to broader participation.”

The Taiko token (TKO) is required for block proving as bonds, with the token contract deployed at the mainnet launch.

However, the token will not begin circulating outside core nodes until the network stabilizes, estimated to take a few weeks.

Taiko will operate in “training wheel mode” for a couple of years. During this period, the primary goal is to transfer ownership to a DAO and revoke all privileges from Taiko Labs and the core developers.