Taraxa is a platform that provides a public ledger for auditing informal transactions. Informal transactions are those that are not recorded in legal documents or structured systems and are not verifiable. Taraxa is designed to help businesses make better and more responsive decisions by giving every entity a verifiable reputation. This helps to make informal transactions trustworthy and eradicates operational friction, ultimately making the world more innovative and productive.

With just a few clicks, you can deploy your Ethereum dApps on their platform. Their low-cost transactions make it possible to send transactions for next to nothing. With near-instant transaction inclusion and True Finality in under 4 seconds, network congestion is not a concern. Their network is truly decentralized, allowing anyone to be a validator - you can even run it on a Raspberry Pi!

According to the information provided in their whitepaper, the TARA token serves as the native token of Taraxa. This token is a utility coin that is cryptographically secured and has three primary uses: voting, gas fees, and staking. Gas fees are the fees required to conduct a transaction or execute a contract on the Ethereum blockchain. Token owners can use their coins to fund the cost of transaction tax and vote for proposals for changes in the network. Additionally, users can use their TARA coins for staking, which helps the Taraxa network to grow. As a reward for staking, users can earn TARA tokens.