Current DLT has weak foundations: that's why we built Taraxa
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.
Concurrency inspired by STM: orders of magnitudes faster
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.
Reputation-driven sharding: infinitely-scalable contract system
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.
Trustless light nodes: enabling device autonomy
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.
Encrypted data market: secure data transactions
The first Dapp on Taraxa will be an encrypted data market with a variety of data trading and encryption tools, giving our ecosystem partners the tools necessary to set up their own domain-specific IoT data use cases.