Taraxa Community UPD: May 2020
➕ The product
Besides our major hardware application for arcade machines leasing for our Japanese clients, we continued to iterate on the proof of concept and value propositions for Taraxa’s blockchain-geared software solution. And since the work-from-home debate is looming large in every industry sector right now, our key product insights this month are around the bottlenecks of remote organizational processes:
‘One of Taraxa’s core applications helps to anchor critical operational data into an auditable log, helping to alleviate much of the coordination overhead by technologically guaranteeing the trustworthiness of casual business exchanges’. Steven Pu.
Applications built on top of Taraxa’s PoS protocol help to mitigate operational risks and promote efficiency across the enterprise departments. Our cloud-based platform essentially adds a much-needed layer of credibility to remote risk management by using blockchain as the source of auditing authority. Featuring seamless integrations with the best-of-breed apps such as G-Suite, WhatsApp, Trello, and others, it removes the friction points in communicating critical operational data on business agreements (commercial contracts, policy approvals, and other decision-making points) made between stakeholders and external partners on a daily basis. We’ve summed up the major value props in this comprehensive infographics.
➕The Community
Taraxa’s Community of early supporters, partners, and investors is a vital part of our publicly governed protocol, and we’re glad to see new contributions on our GitHub and Telegram chat activity. We are also very excited to see the media interest in our team and product grow. Cointelegraph just posted an in-depth exploration of prospective paths for the adoption of blockchain technology featuring Steven’s comment on the pitfalls of dApps’ deployment. Hackernoon featured our take on the technological and ethical challenges of #WFH. And finally, Steven also gave an interview about his personal entrepreneurial journey — you can check it out here.
This month, our Co-Founders Steven and Justin have shared their expertise and learnings with our followers and broader blockchain community. Steven held a webinar for Stanford Online talking about the real-world enterprise blockchain applications and commercial problems that Taraxa’s technology uniquely addresses. And earlier in the month, Justin did a thorough talk on Aphrogenes’s unique architecture and network design choices made to achieve fast and fair consensus.
➕The Tech
On a mission to a highly-credible decentralized platform for enterprise data auditing, our core developers are hard at work on the Aphrogenes Testnet. As we’re moving closer to the next release, we stay focused on the network’s stability and core consensus.
Consensus and PBFT
Taraxa’s protocol is designed with the ultimate goal to quickly reach consensus on key network behavioral attributes such as block generation rate, block size, and network jurisdiction. This month, we’ve implemented a number of simplifications that eliminate state operation and make each single PBFT state independent:
- Simplified the voting next round in two states — the finish state and the finish polling state.
- Finished simplifying the PBFT state machine’s finish state and finish polling state.
Concurrent Virtual Machine
Taraxa’s EVM sends the concurrent execution schedules to the core consensus layer to enable rapid validation without executing the entire contract. We added autotests for the C++ side of EVM integration and for the node code for executing transactions and managing executed blocks. We also did the refactoring in the node and Taraxa-Aleth for the CPP-Ethereum fork.
Throughput optimization
The DAG layer enables fast and fair consensus on transaction ordering to achieve higher throughput for transactions. This month, we’ve made the tests run faster by significantly reducing the DAG and PBFT block proposal time, simplified the unit tests, and implemented the improved config error handling when starting a node:
We’re happy to see our community grow with more contributors onboarded to Taraxa’s GitHub. And last but not least: we’re hiring more developers to join our team — both remotely and in our Santa Clara office.
