Taraxa Protocol Foundation Launches $10 Million Grant Program for Taraxa’s EVM-Compatible BlockDAG Layer-1 Ecosystem
The Taraxa Protocol Foundation has introduced a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem. The program is open to individuals, teams, and organizations of any type. The funds will be allocated for technical development, focusing on driving usage and growth within the Taraxa ecosystem. The grants will be disbursed based on quantifiable milestones.
Benefits of Building on Taraxa
Developers have the opportunity to experience the advantages of building on Taraxa, the world’s first and only native EVM-compatible decentralized network built with the blockDAG architecture. Some of the key benefits include:
- Building on blockDAG: blockDAG enables parallel block processing, achieving high throughput and low latency without compromising security and decentralization.
- True EVM Compatibility: dApps that work on Ethereum can seamlessly function on Taraxa without the need to learn new languages or frameworks.
- Fast & Low-Cost Transactions: Taraxa offers fast transaction speeds, sub-second block times, instant block inclusion, and low-cost transactions.
- True Finality: Transactions finalized on Taraxa are guaranteed to remain finalized forever.
- Front-Running Prevention: Taraxa’s architecture minimizes the network’s mem pool fragmentation, making it difficult for DeFi transactions to be targeted for front-running.
- Supportive Community: Taraxa has an engaged community and a helpful development team that provides support and participation.
Taraxa’s Future Developments
The upcoming Ficus Root Bridge, scheduled for mid-2024, will enhance the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. The bridge will enable seamless flow of assets between Ethereum and Taraxa, making Taraxa a natural Layer-2 solution for dApps or a consensus layer for rollups.
Apply to the Taraxa Grant Program
Developers can apply to the Taraxa Grant Program and submit their ideas on how to creatively leverage decentralization to solve problems.
About Taraxa
Taraxa is an EVM-compatible smart contract platform founded in 2018 by two Stanford engineers. It utilizes blockDAG with t-Graph consensus and introduces world-first technical innovations. Since its mainnet launch in 2023, Taraxa represents a significant advancement in decentralized networks.
Contact
Taraxa Protocol Foundation
[email protected]
Hot Take: Taraxa’s Grant Program Fuels Growth in its EVM-Compatible BlockDAG Ecosystem
The Taraxa Protocol Foundation has launched a $10 million Grant Program aimed at driving growth within the Taraxa ecosystem. The program offers funding to individuals, teams, and organizations for technical development initiatives that promote usage and expansion of the blockDAG Layer-1 ecosystem. Developers who choose to build on Taraxa can benefit from blockDAG’s high throughput and low latency capabilities, true EVM compatibility, fast and low-cost transactions, true finality, front-running prevention, and a supportive community. Additionally, the upcoming Ficus Root Bridge will enhance cross-chain liquidity and asset diversity. By applying to the Taraxa Grant Program, developers can leverage decentralization to solve problems and contribute to the growth of Taraxa’s decentralized network.
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