Key Takeaways
- Launch of groundbreaking mainnet: Taraxa, a Layer-1 blockchain platform, has launched its mainnet, bringing a new era of decentralized technology that is designed to solve real-world problems.
- Lightning-fast t-Graph consensus: The platform is powered by t-Graph consensus, a groundbreaking technology that enables lightning-fast throughput of up to 5,000 TPS, an impressive 3.7-second finalization latency, and complete security with zero risk of reorganization.
- Focus on non-financial applications: Taraxa’s focus on non-financial applications and developer-centric approach, along with its backward compatibility to Ethereum’s EVM, make it a unique and promising player in the blockchain landscape.
- Real-world impact achieved: Taraxa has already made a significant impact in real-world applications, providing AI-driven social analytics, assisting construction contractors in minimizing risks, and helping asset leasing companies and their lessees overcome distrust of equipment-generated usage data.
Taraxa, a revolutionary Layer-1 blockchain platform, announced the launch of its mainnet, ushering in a new era of decentralized technology designed to address real-world challenges and deliver unparalleled performance through its groundbreaking t-Graph consensus.
Founded in 2018, Taraxa has raised $19 million in funding and aims to leverage the power of decentralization to tackle real-world problems by making data and analytics more trustworthy.
Its breakthrough approach enables the deployment of automated mechanisms across various business processes, unlocking unprecedented efficiencies. This novel approach offers a lightning-fast throughput of up to 5,000 TPS, an impressive 3.7-second finalization latency, and complete security with zero risk of reorganization.
Taraxa’s state-of-the-art t-Graph consensus technology is transforming the blockchain landscape, tackling the trilemma of scalability, security, and decentralization head-on.
With its mainnet launch, Taraxa is ushering in a novel decentralized ecosystem enabling non-financial applications across various industries, including the first wave of ecosystem in AI-driven social analytics.
Taraxa has already made a significant impact in real-world applications, providing AI-driven social analytics for use cases such as automated social campaigns and trend-spotting, the company told AlexaBlockchain.
It has also been assisting construction contractors in minimizing risks associated with project delays, rework, and litigation by creating an on-chain audit trail of informal change orders. Additionally, Taraxa has helped asset leasing companies and their lessees overcome distrust of equipment-generated usage data crucial to estimating profit sharing.
Designed with developers in mind, Taraxa is committed to fostering a vibrant multi-chain ecosystem. With backward compatibility to Ethereum’s EVM, developers can effortlessly build on Taraxa without learning new skills, while benefiting from faster throughput, lower latency, and substantially reduced transaction fees.
The Taraxa community places the highest emphasis on the security and stability of its Layer-1 platform. The network has been rigorously stress-tested for nearly 18 months prior to the mainnet launch. Now, the community will shift its focus to fostering adoption and growth within the Taraxa ecosystem.
Steven Pu, Co-founder and CEO of Taraxa, said: “Our mission at Taraxa is to bridge the gap between the decentralized world and real-world applications.”
“We’ve built a truly unique platform that empowers developers and businesses alike to harness the power of blockchain without compromising on scalability or security,” Steven added.
As Taraxa continues to evolve and expand, its differentiation from other Layer-1 platforms becomes increasingly evident. Its focus on non-financial applications, advanced consensus technology, and developer-centric approach make Taraxa a unique and promising player in the blockchain landscape.
The launch of Taraxa’s mainnet marks the beginning of a novel decentralized ecosystem that will enable businesses to unlock unprecedented efficiencies and transform various industries.
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