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Taraxa

IoT's Trust Anchor

Taraxa is a fast, scalable, and device-friendly public ledger designed to help IoT ecosystems become more trusted, autonomous, and valuable. We employ a block DAG topology, coupled with fuzzy sharding with minimal coordination overhead and a VRF-enabled PBFT to ensure rapid, asynchronous finalization. Taraxa also pioneered the first concurrent VM that executes transactions in parallel as opposed to the sequential executions that predominates blockchain systems today. Taraxa seeks to enable solutions that make devices trusted entities by giving them unique identities, provable data and messaging provenance, as well as the ability to transact anonymously. We offer a full range of solutions anywhere from providing a decentralized key generation, storage, and recovery mechanism during device manufacturing to minimize cost and hassle, to device-level cryptographic attestations to ensure data provenance and immutability, and finally enabling devices to transact and offer its services.

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About Taraxa

Democratizing IoT data with infinitely-scalable concurrent contracts, trustless light nodes, and encrypted data markets on top of block lattice.
Distributed ledger technologies (DLT) can address many of IoT's challenges, making them perfectly complementary. The bad news is, current DLT's foundation is weakened by numerous flaws, making it poorly-suited for large-scale IoT applications, which is why we built Taraxa.

Inspired by the principles of software transactional memory (STM), Taraxa achieves node-level concurrency by speculative parallelization of smart contract calls, with conflict minimization achieved from built-in concurrent data structures.

Each contract call is initially ordered by sets by the contract creator or its delegate, then randomly assigned to a full-node initial processor weighted by historical reputation. The assigned node acknowledges, processes, broadcasts the results which are validated by the rest of the network.

IoT devices are constrained by their processing, memory, and bandwidth limitations. Instead of making them blind puppets of full nodes, Taraxa has created the first practical trustless light node to make devices fully independent and autonomous in their trading decisions.

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