Taraxa Project
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Taraxa Project

Taraxa Community Update: April

Knee-deep in product building.

➕ The Product

As we delve deeper into the product, we keep iterating on value propositions and user stories. This month’s insights were mostly around the human-to-machine and machine-to-machine part of Taraxa’s dual product focus — collecting critical operational data from edge devices and establishing immutable digital identities. For the IoT part, we make use of the combination of hardware modules that capture machine data at the source and public blockchain ledger that tracks data processing and transmission from start to finish. This ultimately aims to build digital identities for machines and tamper-resistant audit logs for machine-generated data (from machines’ feedback on warehouse production capacities to constant updates on delivery statuses) and enhance analytics capabilities in supply chains.

When applied horizontally across the industries, our solution yields a broad array of value props. For telcos, for instance, it aims to optimize ID management through automated processes with encrypted identities. Applied to asset management, it brings a lot of optimizations for asset performance helping to build the foundation for preventive monitoring and predictive maintenance.

➕ The Community

Steven did a live chat with Wanxiang Blockchain, a prominent player in the Chinese blockchain ecosystem, speaking about Taraxa’s major IoT use case — arcade machine leasing.

As always, we’re eagerly waiting for the next round of questions in our Telegram chat for May’s AMA with our CTO Justin Snapp!

And to get us all on the same page here’s a compilation of the Twitter highlights:

➕ The Tech

We’re happy to see our community grow with more contributors onboarded to Taraxa’s GitHub. For those of you who are new to Taraxa, we keep posting short video explainers on the network’s design and core consensus:

On a mission to a highly-credible decentralized platform for enterprise data collection and auditing, our core developers are hard at work on the persistent state for nodes of Aphrogenes Testnet.

Consensus and PBFT

Efficient proposals enable Taraxa’s PoS to produce fair and non-coordinated block proposals, which is essential for the network’s security. This past month we successfully accomplished the PBFT statue machine implementation having merged it into the master branch.

RPC and Concurrent EVM

We introduce an EVM-compatible toolchain to achieve maximum backward-compatibility to make Taraxa’s code modular and reusable, and the unique concurrent virtual machine that is able to run smart contracts in parallel ultimately increasing the network’s throughput. This month, we implemented the complete Ethereum state API suite on top of the new trie approach, did testing for C++/C/Go interface of the EVM integration.

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.

Get in touch to learn more about Taraxa’s applications, follow us on Twitter for project updates and announcements, and chat with the fellow followers on Telegram.

Stay tuned!

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