Taraxa Network

The Taraxa Network

araxa is an innovative ecosystem with a unique BlockDAG architecture, offering high scalability, low latency, and a secure foundation that aligns well with Meridian’s mission. This high-performance infrastructure makes Taraxa an ideal partner for expanding the reach and utility of USDM. By deploying on Taraxa, Meridian can provide users with seamless, efficient transactions, laying the groundwork for a robust DeFi ecosystem on Taraxa. This partnership allows both Meridian and Taraxa to empower users with secure, stable assets, ultimately strengthening decentralized finance opportunities across the network.

Benefits of Taraxa

• Scalable & High-Performance DAG-Based Blockchain – Unlike traditional blockchains, Taraxa uses a Directed Acyclic Graph (DAG) structure, which allows for parallel transaction processing instead of sequential block confirmations. This results in faster transaction speeds, lower latency, and near-instant finality, making it ideal for high-frequency applications.

• Decentralized Yet Lightweight Infrastructure – Taraxa is designed to be highly decentralized while remaining lightweight, allowing nodes to run with minimal hardware requirements. This significantly lowers the barrier to entry for participants and ensures a more accessible and resilient network.

• Cost-Effective Transactions for Real-World Use Cases – With low transaction fees and efficient validation, Taraxa is well-suited for use cases like audit logging, supply chain transparency, IoT integrations, and informal agreements. Businesses can leverage Taraxa’s blockchain to secure off-chain data in an immutable, verifiable way without excessive costs.

• Robust Token Economy & dApp Development Support – The TARA token plays a key role in transaction fees, staking, and governance, incentivizing ecosystem participation. Additionally, Taraxa supports flexible dApp development, allowing developers to build applications tailored to enterprise adoption, machine-to-machine transactions, and decentralized financial interactions.

Connecting to The Taraxa Network

• First go to https://chainlist.org/ and connect your wallet by pressing the button in the top right-hand corner of the screen

• Enter the word 'Taraxa' into the search bar at the top

• Click the option to Add Chain

  • Name: Taraxa

  • ChainID: 841

  • Currency: TARA

Bridging to Taraxa

As of August 2024, the Taraxa network have launched a dedicated bridge between Ethereum mainnet and the Taraxa Network. Taraxa's Ficus Root Bridge enables the transfer of ETH, USDT and TARA back and forth between Ethereum and Taraxa. The bridge accepts a number of popular Ethereum wallets like Coinbase Wallet, MetaMask, and Rainbow Wallet.

• To access the Taraxa's Ficus bridge go here

Applications on Taraxa​

• Meridian Mint ($USDM) - Tradable on TaraSwap
• Meridian Lend - Supports TARA, ETH, USDT & USDM