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TAIKO is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support TAIKO trades.

Taiko (TAIKO) converter and calculator

Taiko (TAIKO) converter and calculator

Convert 1Taiko (TAIKO) to United States Dollar (USD) equals $ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Taiko(TAIKO) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 TAIKO at a value of 1 TAIKO for 0 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

About Taiko (TAIKO)

What Is Taiko?

Taiko is a fully open-source, permissionless Ethereum-equivalent rollup introduced in 2022. The project was founded by the Loopring team, Wang Dong, Brecht Devos, and Matthew Finestone. Taiko addresses the high transaction fees and scalability issues plaguing the Ethereum network. Designed to maintain Ethereum's core properties—censorship resistance, permissionlessness, and security—Taiko provides a scalable solution without sacrificing the decentralization. By leveraging a ZK-Rollup architecture, Taiko integrates seamlessly with Ethereum, allowing users to experience the network with reduced transaction costs and enhanced efficiency.

Taiko's unique approach allows it to be configured as a fully ZK rollup, an optimistic rollup, or any combination in between. This flexibility, combined with its fully community-run operations, eliminates the need for centralized actors, making Taiko a truly decentralized solution. Its design ensures that all operations, from transaction sequencing to block validation, are handled by the Ethereum validators, reinforcing the security and decentralization of the network. The Taiko network supports over 100 different projects across DeFi, gaming, social, infrastructure, tools, and other areas.

Resources

Official Documents: https://docs.taiko.xyz/start-here/getting-started

Official Website: https://taiko.xyz/

How Does Taiko Work?

Taiko operates on the principle of a based rollup, distinguishing itself from traditional rollup solutions by using Ethereum's base layer for sequencing instead of relying on centralized sequencers. This decentralized sequencing enhances the network's security and aligns Taiko with Ethereum’s economic guarantees. The rollup integrates various components such as the settlement layer, data availability layer, and execution layer to streamline transactions and reduce costs.

The settlement layer, powered by Ethereum, provides on-chain finality, ensuring that transactions are secure and verifiable. The data availability layer guarantees that all necessary data is accessible to reconstruct the Taiko chain state, while the execution layer handles off-chain transaction processing. This architecture allows Taiko to execute transactions efficiently, utilizing the posted transaction data to construct the rollup state, thereby maintaining a seamless user experience similar to that of Ethereum.

Another notable feature of Taiko is its support for multi-proofs through zkVMs, trusted execution environments (TEE), and guardian proofs. This multi-proof system ensures a high level of security by diversifying the proof mechanisms used to validate transactions. Taiko nodes, which are minimally modified Ethereum execution clients, further enhance the network’s efficiency and reliability.

Bridging is a critical component of Taiko, enabling secure cross-chain messaging and fund transfers between Ethereum and Taiko. Using Merkle proofs, Taiko’s signal service ensures that cross-chain messages are securely verified, maintaining the integrity of transactions across different chains. This feature is essential for users looking to transfer assets seamlessly between Ethereum and Taiko.

What Is TAIKO Token?

TAIKO is the native utility token within the Taiko ecosystem. As a governance token, TAIKO grants holders voting rights within the Taiko DAO, allowing them to participate in critical decision-making processes such as protocol upgrades, parameter adjustments, and other governance matters. TAIKO is also used to pay for transaction fees within the Taiko rollup, offering a cost-effective alternative to the high fees often associated with Ethereum transactions. By using TAIKO tokens for transaction fees, users benefit from reduced costs, encouraging broader participation and adoption of the Taiko network.

TAIKO token holders can also earn rewards through staking, where they commit their tokens to support the network’s security and operations. These staking rewards incentivize long-term commitment to the network, ensuring a stable and robust infrastructure. Moreover, TAIKO tokens are essential in the contestation and proving mechanisms within the Taiko rollup, where provers and contesters post validity and contestation bonds in TAIKO tokens to ensure the accuracy and reliability of the network’s operations. TAIKO has a total supply of 1 billion tokens.

What Determines Taiko’s Price?

The price of Taiko (TAIKO) is influenced by several factors, including market volatility, the latest news, and overall trends in the blockchain and Web3 ecosystems. Investor sentiment towards the token plays a crucial role, often swayed by technological advancements, updates in the Taiko protocol, and broader cryptocurrency market movements. Regular monitoring of cryptocurrency charts and price predictions can provide insights into potential price fluctuations, helping investors make informed decisions.

Additionally, the best crypto investment strategies for 2024 and beyond should consider the inherent risks associated with Taiko. Market volatility and regulatory changes can impact Taiko's value, as can competition from other blockchain solutions. Staying updated with the latest news and understanding the dynamics of the cryptocurrency market are essential for managing these risks and capitalizing on investment opportunities in the evolving digital asset landscape.

For those interested in investing or trading Taiko, one might wonder: Where to buy TAIKO? You can purchase TAIKO on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Related Articles about Taiko:

Taiko (TAIKO): Scaling Ethereum with Based Rollups




Taiko to USD conversion rate trend

The price of Taiko has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of Taiko: What is Taiko and how does Taiko work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
01/11/2024 09:38 today
0.5 BTC
$34,591.09
1 BTC
$69,182.18
5 BTC
$345,910.9
10 BTC
$691,821.8
50 BTC
$3,459,109
100 BTC
$6,918,218
500 BTC
$34,591,090
1000 BTC
$69,182,180

USD to BTC

Amount01/11/2024 09:38 today
0.5USD0.{5}7227  BTC
1USD0.{4}1445  BTC
5USD0.{4}7227  BTC
10USD0.0001445  BTC
50USD0.0007227  BTC
100USD0.001445  BTC
500USD0.007227  BTC
1000USD0.01445  BTC

Ethereum conversion tables

ETH to USD

Amount
01/11/2024 09:38 today
0.5 ETH
$1,255.4
1 ETH
$2,510.8
5 ETH
$12,554.02
10 ETH
$25,108.04
50 ETH
$125,540.22
100 ETH
$251,080.44
500 ETH
$1,255,402.2
1000 ETH
$2,510,804.4

USD to ETH

Amount01/11/2024 09:38 today
0.5USD0.0001991  ETH
1USD0.0003983  ETH
5USD0.001991  ETH
10USD0.003983  ETH
50USD0.01991  ETH
100USD0.03983  ETH
500USD0.1991  ETH
1000USD0.3983  ETH
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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Taiko and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Taiko and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Taiko in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.