Taraxa Protocol Foundation Launches $10 Million Grant Program
The Taraxa Protocol Foundation has introduced a $10 million Grant Program to support the growth of Taraxa’s blockDAG Layer-1 ecosystem. This program is open to individuals, teams, and organizations of any kind, with funds being allocated for technical development aimed at driving usage and expansion within the Taraxa network. The grants will be distributed based on measurable milestones. Building on Taraxa offers developers a unique opportunity to experience the benefits of an EVM-compatible decentralized network built with the blockDAG architecture.
Why Build on Taraxa?
- An Opportunity to Build on blockDAG: The blockDAG architecture allows for parallel block processing on the network, leading to high throughput and low latency without compromising security and decentralization.
- True EVM Compatibility: Any dApp that works on Ethereum can seamlessly operate on Taraxa without the need to learn new languages or frameworks.
- Fast & Low-Cost: Taraxa offers fast transaction speeds, instant block inclusion, and minimal transaction costs.
- True Finality: Transactions finalized on Taraxa are guaranteed to remain final, eliminating the risk of reversals.
- Front-Running Prevention: Taraxa’s architecture reduces the likelihood of front-running attacks in DeFi transactions.
- Supportive Community: Taraxa has an engaged community and a helpful development team ready to provide support and assistance.
The Future of Taraxa
The upcoming Ficus Root Bridge, set to launch in mid-2024, will enhance the utility, asset diversity, and cross-chain liquidity of the Taraxa ecosystem. The bridge will enable seamless flow of assets between Ethereum and Taraxa, positioning Taraxa as a natural Layer-2 solution for dApps and a consensus layer for rollups. Developers can apply to the Taraxa Grant Program to pitch their ideas on leveraging decentralization to solve problems.
About Taraxa
Taraxa is an EVM-compatible smart contract platform founded in 2018. It utilizes blockDAG with t-Graph consensus and offers several technical innovations. With its mainnet launched in 2023, Taraxa represents a significant advancement in decentralized networks.
Hot Take: Taraxa’s Grant Program Boosts Development in BlockDAG Ecosystem
The launch of Taraxa Protocol Foundation’s $10 million Grant Program marks an exciting milestone for developers looking to build on the blockDAG Layer-1 ecosystem. By offering financial support for technical development and emphasizing usage and growth, Taraxa aims to attract innovative projects that leverage its unique features like true EVM compatibility, fast transaction speeds, and front-running prevention. With the upcoming Ficus Root Bridge expanding cross-chain liquidity, Taraxa is positioned as a promising Layer-2 solution for dApps and a consensus layer for rollups. This grant program opens doors for creative solutions that harness decentralization to solve real-world problems.
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