Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem

chainwire

The Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval. 

The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be granted specifically for technical development with an emphasis on driving usage and growth within the Taraxa ecosystem, and are disbursed according to quantifiable milestones.

Building on Taraxa presents a unique opportunity for developers to experience the benefits of the world’s first and only native EVM-compatible decentralized network built with the blockDAG architecture. Here are just a few of the reasons why builders should consider building the next big idea on Taraxa,

  • An unique opportunity to Build on blockDAG: blockDAG is the next evolutionary step up from block-chain, able to achieve stunning throughput and low latency without sacrificing security and decentralization by enabling parallel block processing on the network instead of just one block at a time.
  • True EVM Compatibility: any dApp that works on Ethereum just works on Taraxa, no need to learn new languages, frameworks, or tooling.
  • Fast & Low-Cost: with peak throughput of 5k TPS, sub-second block times, instant block inclusion, and under 4-second finalization, working on Taraxa is fast & smooth, with each transaction costing next to nothing.
  • True Finality: zero risk of transactions being reversed, Taraxa’s True Finality guarantees that when a transaction is finalized (under 4 seconds), it is finalized forever.
  • Front-Running Prevention: Taraxa’s architecture and speed minimize and fragment the network’s mem pool, making it almost impossible and definitively unprofitable for DeFi transactions to be targeted for front-running.
  • Supportive Community: Taraxa’s community is highly engaged and the development team is helpful to a fault. Not only will the user be building on a network backed by the best technology in the world, but he will also receive the full support, attention, and participation from Taraxa’s community!

The upcoming Ficus Root Bridge in mid-2024 further strengthens the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. DeFi builders don’t have to worry about fragmented assets or liquidity, since they flow seamlessly between Ethereum and Taraxa. The bridge, coupled with Taraxa’s fast, low-cost and natively EVM-compatibility, make Taraxa a natural Layer-2 solution for dApps or consensus layer for rollups.

Developers can apply to the Taraxa Grant Program today and pitch their ideas on how to creatively leverage decentralization to solve problems!

About Taraxa

Founded by two Stanford engineers in 2018, Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, with many world-first technical innovations on top of the blockDAG architecture. After launching its mainnet in 2023, Taraxa represents the next evolutionary step in decentralized networks.

Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <