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Ratings 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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