How Taraxa (TARA) Could Mirror Kaspa’s Parabolic Success

2023-11-13 23:05

Taraxa (TARA) has emerged as one of the hottest cryptocurrencies of 2023, with its token surging over 1,100% year-to-date. TARA is now trading around $0.01, a level not seen since August 2023.

So what exactly is Taraxa and why are crypto investors piling into this coin?

TARA aims to solve the scalability challenges facing blockchain technology without compromising on security or decentralization. The project utilizes an innovative blockDAG (directed acyclic graph) structure and t-Graph consensus protocol to achieve high transaction speeds and throughput.

Much like Ethereum is to Bitcoin, Taraxa is positioned as a scalability-focused counterpart to Kaspa (KAS) – a proof-of-work BlockDAG cryptocurrency with a $1.9 billion market cap. With TARA’s proof-of-stake BlockDAG system and current market cap of only $38 million, it has significant potential for growth in the ongoing crypto bull market.

Source: CoinStats – Start using it today

Despite the huge gap in market cap today, TARA’s innovative BlockDAG system and EVM compatibility make it well-positioned to potentially mirror and even exceed KAS’s parabolic performance.

Some of Taraxa’s key technical innovations, based on their whitepaper, include:

An inclusive block DAG design that maximizes throughput Fair and efficient block proposals via POS Asynchronous immediate finality that eliminates DAG reorganizations Speculative execution to accelerate stateless transactions Optimized VM execution speeds

As blockchain platforms strive for real-world adoption, Taraxa’s solutions to scaling could give it a competitive edge. With impressive YTD returns over 1000%, TARA is one to watch closely as innovative BlockDAG cryptocurrencies aim to address the scalability limitations of mainstream chains like Ethereum.

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The post How Taraxa (TARA) Could Mirror Kaspa’s Parabolic Success appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

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Announcing TGE: Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming Public Sale

The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community membersRead More

2021-3-4 14:56


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