Taraxa aims to democratize IoT data with concurrent contracts, light nodes, and encrypted data markets on top of block lattice.
IoT devices are constrained by their processing, memory, and bandwidth limitations. Taraxa has created a practical trustless light node to make devices fully independent and autonomous in their trading decisions.
Taraxa achieves node-level concurrency by speculative parallelization of smart contract calls, with conflict minimization achieved from built-in concurrent data structures.
The first Dapp on Taraxa will be an encrypted data market with a variety of data trading and encryption tools, giving Taraxa ecosystem partners the tools necessary to set up their own domain-specific IoT data use cases.
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