Taraxa

Purpose and Utility

Taraxa is a purpose-built, public ledger platform focused on tracking informal transactional agreements and data. The project aims to make informal transactions auditable and trustworthy through its blockchain technology.

Key Features and Use Cases

The platform's main applications include: tracking informal agreements and commitments in business settings, providing an audit trail for casual transactions, and enabling decentralized reputation systems. The TARA token is used for network security through staking, governance, and as payment for transaction fees.

Development Activity and Progress

The project maintains active development with regular GitHub updates and technical improvements. The team continues to work on expanding the platform's capabilities and use cases.

Token Distribution and Governance

TARA tokens are distributed across various stakeholders including team members, early investors, and the community. The project implements a proof-of-stake consensus mechanism where token holders can participate in network security and governance.

Revenue Model

The platform generates revenue through transaction fees paid in TARA tokens for using the network. These fees are used to compensate network validators and support ongoing development.

Current Usage

While still in relatively early stages of adoption, the platform has established partnerships with various organizations to implement its tracking and verification solutions.