As the first Based Rollup built on Ethereum's native mechanism, Taiko successfully launched the first phase of the pre-confirmation mechanism on the Ethereum mainnet. This deployment will gradually open to authorized pre-confirmation whitelist addresses between August 11 and 13. This milestone significantly enhances the transaction predictability and overall usability of Based Rollup, propelling Taiko to become a truly viable and decentralized Ethereum scaling solution.
With the launch of the first phase of pre-confirmation, Taiko has achieved about 2 seconds of transaction confirmation time while maintaining complete decentralization principles. This brings new possibilities for DeFi, GameFi, and enterprise-level applications, eliminating the need to choose between speed and decentralization.
Breaking the Blockchain Impossibility Triangle
For a long time, the blockchain industry has faced a tough choice between fast but centralized Rollups and decentralized yet slower solutions. Pre-confirmation technology has fundamentally broken this inherent model of 'either speed or decentralization.'
Taiko Labs COO Joaquin Mendes stated, 'We are very proud to bring the pre-confirmation feature to the mainnet, proving once again that Based Rollup is the best solution for scaling Ethereum. With the pre-confirmation mechanism, we will see the development of a new generation of dApps and the Ethereum ecosystem no longer reliant on centralized means or compromising with them. Now, developers and users no longer have to sacrifice decentralization principles to achieve both decentralization and scalability. Decentralization has truly combined with security and efficiency for the first time.'
Based Rollup uses Ethereum's own validators rather than a centralized sequencer, representing the purest form of Ethereum scaling. However, development has been hindered by Ethereum's 12-second block time in the past. Now, pre-confirmation technology has for the first time brought transactions close to instant confirmation while retaining the core value of Ethereum's 'minimal trust' mechanism.
About Taiko
Taiko is the first Based Rollup on Ethereum, aimed at solving the scalability issues of the Ethereum network. By adopting Based Contestable Rollup (BCR) technology, Taiko significantly reduces transaction costs and enhances security while providing an efficient and smooth user experience without sacrificing decentralization.