Taraxa Launches $10 Million Grant Program for Its BlockDAG Ecosystem
The Taraxa Protocol Foundation has introduced a $10 million grant program to support the growth of Taraxa’s unique EVM-compatible BlockDAG layer one ecosystem. The grant program is open to individuals, teams, and organizations of any kind, with funds specifically allocated for technical development that drives usage and expansion within the Taraxa ecosystem. Builders who choose to build on Taraxa can benefit from the advantages of the world’s first and only native EVM-compatible decentralized network built with the BlockDAG architecture.
Why Build on Taraxa?
Building on Taraxa offers several advantages:
- A unique opportunity to build on BlockDAG: The BlockDAG architecture allows for parallel block processing, resulting in high throughput, low latency, security, and decentralization.
- True EVM compatibility: DApps that work on Ethereum can seamlessly operate on Taraxa without the need to learn new languages or frameworks.
- Fast and low-cost: With peak throughput of 5,000 TPS, sub-second block times, and minimal transaction costs, working on Taraxa is efficient and cost-effective.
- True finality: Transactions finalized on Taraxa are permanently confirmed in under four seconds.
- Front-running prevention: Taraxa’s architecture minimizes network mem pool fragmentation, making it extremely difficult for DeFi transactions to be targeted for front-running.
- Supportive community: Taraxa’s engaged community and helpful development team provide full support and participation to builders.
The Ficus Root Bridge
In mid-2024, the upcoming “ficus root bridge” will enhance the Taraxa ecosystem by facilitating seamless asset flow and cross-chain liquidity between Ethereum and Taraxa. This bridge, combined with Taraxa’s fast, low-cost, and EVM compatibility, positions Taraxa as a natural layer two solution for DApps or a consensus layer for rollups.
Apply to the Taraxa Grant Program
Developers can apply to the Taraxa grant program today and present their innovative ideas on leveraging decentralization to solve problems.
About Taraxa
Taraxa is an EVM-compatible smart contract platform based on T-Graph consensus utilizing BlockDAG architecture. Founded in 2018 by Stanford engineers, Taraxa represents the next evolution in decentralized networks.
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Hot Take: Taraxa Empowers Developers with its Grant Program
Taraxa’s $10 million grant program presents an exciting opportunity for developers to leverage the benefits of the BlockDAG ecosystem. With true EVM compatibility, fast transaction processing, and a supportive community, building on Taraxa offers a unique advantage. The upcoming ficus root bridge further enhances the ecosystem’s utility and cross-chain liquidity. By applying to the grant program, developers can showcase their creativity in utilizing decentralization to solve real-world problems. Taraxa’s commitment to driving growth and innovation makes it an attractive platform for builders looking to make a significant impact in the crypto space.
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