Taraxa

Taraxa is an EVM-compatible smart contract platform that uses t-Graph consensus and blockDAG technology. The approach is designed to offer fast, low-cost and green transactions without compromising security or decentralization.

Taraxa is designed to address the scalability problem of blockchain technology by using a blockDAG architecture paired with an anchor chain and asynchronous PBFT consensus. This leads to a maximum of 5,000 transactions per second, near-instant transaction confirmation and sub-second block times.

Taraxa's main features include:

• EVM Compatibility: Deploy Ethereum dApps with ease.
• Low-Cost Transactions: Send transactions at a fraction of the cost of traditional blockchain networks.
• High Performance: Achieve high transaction throughput with low latency.
• True Decentralization: Anybody can become a validator, even with a Raspberry Pi.

Taraxa also uses AI technology to boost its ecosystem. Some examples include:

• Hype: Automated social campaigns with measurable results.
• trendSpotter: Spot trends before they go mainstream.
• Echo: AI-powered decentralized social listening and analytics.
• Unicask: Fractional ownership of Japanese spirits backed by on-chain sensor signals.

The platform also comes with a variety of tools and services to help developers get started, including a testnet faucet, a community site for staking and validator management, and integrations with popular wallets like MetaMask and Ledger.

Taraxa's development roadmap is designed to drive adoption and includes planned hardforks, bridge technologies, and the addition of lending protocols and decentralized social APIs.

For those looking to contribute to or use Taraxa, the project has a wealth of documentation, including whitepapers, developer documentation and a detailed roadmap. Taraxa's native token, TARA, is used for staking and paying fees, and its market information is available on the project's website.

Taraxa's combination of scalability, decentralization and AI integration makes it an interesting option for developers and users looking for a fast and efficient blockchain platform.

Published on August 8, 2024