Taraxa Taraxa (TAR)

Description:

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.

Category: ❖Platform
Hype:  
Rating: 4.2/10
Project Type: Blochchain
Platform: Ethereum
Location: UK
Accepting Currency: ETH

Start Date

May 12th 2019 09:08 UTC

Days Hours Minutes Seconds

End Date

May 12th 2019 09:08 UTC

Days Hours Minutes Seconds

Team

Steven Pu

Founder

Vikram Saraph

Concurrency

Dr. Ilja Honkonen

Ledger

Professor Paul Gazzillo

Virtual Machine

Willem Wyndham

Virtual Machine, Storage, Reputation

Dr. Justin Snapp

Hardware

Chris Dai

Business Development and Partnerships

Advisers

Professor Maurice Herlihy

Mamoru Taniya

Bo Shen

James Gong

Yanfeng Chen

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