Taraxa
Taraxa (TAR)
More on ICO
Token Sale Unspecified - Unspecified
ICOBench Rating 2.0 / 5 TrackICO Rating 2.6 / 5 ICOMarks Rating 6.9 / 10
Whitelist/KYC Not needed
Token price Unspecified
Platform Ethereum

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.

Team members

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

ICO Advisors

Professor Maurice Herlihy
Science
Mamoru Taniya
Business and Policy
Bo Shen
Strategy
James Gong
Strategy
Yanfeng Chen
Business Development Strategy
2017

Conceptualization, begin research

2018

Received seed funding from angel investors

Professor Maurice Herlihy signed on as principal scientific advisor

Completed first draft of the whitepaper

Reached preliminary agreement with several key ecosystem partners

Working prototype