Taraxa Launches $10 Million Grant Program to Strengthen BlockDAG Layer-1 Ecosystem

Taraxa Protocol Foundation has launched a $10 million grant program to foster the growth of the EVM-compatible blockDAG Layer-1 ecosystem. This initiative follows a successful on-chain governance vote and highlights the community’s strong support for the Foundation’s strategic direction.

Founded by a Stanford engineer duo in 2018 Fallen History It has positioned itself at the forefront of blockchain technology through its pioneering t-Graph consensus mechanism and blockDAG architecture. after Mainnet launch In 2023, Taraxa was hailed as a revolutionary step in the evolution of decentralized networks, offering a number of technological innovations that set it apart from its predecessors.

The Taraxa Grants Program is a unique and comprehensive program that invites all types of individuals, teams and organizations to contribute to the development of technologies in the ecosystem. Focused on driving usage and growth, the program differentiates itself by allocating funds based on the achievement of quantifiable milestones, ensuring contributions have a real impact in scaling the platform.

Developers are attracted to Taraxa for several compelling reasons. First, the blockDAG architecture represents a significant advance over existing blockchains and delivers unparalleled throughput and low latency without compromising security or decentralization. This is achieved through parallel processing of blocks, which stands in stark contrast to the sequential block processing of traditional blockchain networks.

Additionally, Taraxa’s true EVM compatibility means that dApps developed for Ethereum can be seamlessly migrated to Taraxa without developers needing to learn a new programming language or adapt to another framework. This ease of transition, combined with Taraxa’s impressive performance metrics, including a throughput of 5,000 transactions per second and sub-second block times, makes it an attractive platform for developers looking for a fast, cost-effective, and reliable decentralized solution.

In particular, Taraxa ensures a fair and safe trading environment by introducing a preemptive transaction prevention mechanism, a common concern in decentralized finance (DeFi) transactions. The platform’s commitment to true finality and its supportive community further strengthen its appeal for developers looking for a stable and attractive development ecosystem.

The expected launch of the Ficus Root Bridge in mid-2024 will further strengthen Taraxa’s position in the blockchain landscape. By facilitating the seamless flow of assets and liquidity between Ethereum and Taraxa, the bridge is set to improve ecosystem usability, asset diversity, and cross-chain liquidity, positioning Taraxa as a powerful layer 2 solution for dApps and a viable consensus layer for rollups. It is done.

As the Taraxa Protocol Foundation opens the door to application acceptance, it invites developers to leverage its innovative platform to solve real-world problems through decentralization. This grant program not only signifies Taraxa’s commitment to fostering a vibrant ecosystem, but also marks an important milestone in the continued advancement of decentralized networks that promise to open up new possibilities for developers and users alike.

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