Taraxa starts 10 million dollar subsidy program for its blockdag ecosystem

Panama City, Panama, February 5, 2024, Chainwire

The Taraxa The Protocol Foundation has started 10- million subsidy program To drive the growth in the unique EVM-compatible Blockdag Layer-1-E-System from Taraxa, after an overwhelming successful on-chain-Governance approval.

The Taraxa scholarship program is open to all individuals, teams and organizations of all kinds. The funds are specially provided for technical development, whereby the focus is on promoting use and growth within the Taraxa ecosystem, and are paid out according to quantifiable milestones.

The structure on Taraxa offers developers a unique opportunity to experience the advantages of the world's first and only native EVM-compatible decentralized network, which is built with the Blockdag architecture. Here are just a few of the reasons why builders should consider building the next big idea in Taraxa:

• A unique opportunity to build on Blockdag : Blockdag is the next evolutionary step over the blockchain and can achieve a breathtaking throughput and low latency without having to do without safety and decentralization by enables parallel block processing in the network instead of only one block after the other.
• Real EVM compatibility : Every dapp that works on Ethereum also works on Taraxa, it is not necessary to learn new languages, frameworks or tools.
• Fast and inexpensive : With a lace throughput of 5,000 TPs, block times of less than a second, immediate block integration and a finalization in less than 4 seconds, working on Taraxa is quick and smooth, whereby each transaction costs almost nothing.
• true final : no risk that transactions will be reversed. Taraxa's True Finality guarantees that a closed transaction (under 4 seconds) is complete forever.
• Prevention prevention : The architecture and speed of Taraxa minimize and fragment the network's meme pool, which makes it almost impossible and definitely unpredictable to target defi transactions.
• supporting community : The community of Taraxa is very committed and the development team is extremely helpful. The user not only builds on a network based on the best technology in the world, but also receives full support, attention and participation of the Taraxa community!

The upcoming Ficus Root Bridge in mid-2024 strengthens the benefits, the variety of assets and cross-chain cross-chain liquidity of the Taraxa ecosystem. Defi developers do not have to worry about fragmented assets or liquidity because they flow seamlessly between Ethereum and Taraxa. The bridge, paired with Taraxas faster, cheaper and native EVM compatibility, make Taraxa a natural layer 2 solution for dapps or consensus layer for rollups.

developers can Apply for the Taraxa scholarship program still present your ideas today how to use decentralization creatively to solve problems!

via Taraxa

TARAXA was founded in 2018 by two Stanford engineers and is an EVM-compatible Smart Contract platform based on the T-Graph consensus and uses Blockdag with many first technical innovations on the Blockdag architecture. After the start of his maize in 2023, Taraxa is the next evolutionary step in decentralized networks.

contact

TARAXA Protocol Foundation
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