TEA Project
The TEA Project provides an infrastructure provider for Web3 dApps. It is a platform where decentralized applications can run at native speeds across a decentralized network of computing nodes.
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TEA Project
The TEA Project provides an infrastructure provider for Web3 dApps. It is a platform where rich, decentralized applications can run at native speeds across a decentralized network of computing nodes.
Tea project vision to achieve fast, decentralized Web3 dApps. Through multiple layers + trusted computing to get the role.
The TEA Project has just raised $1.3 million in its second funding round to finally bring full-speed decentralized computing to the blockchain. Draper Dragon led the second round which also included JDI Global and builds on the investments made by investors in the earlier seed round. The seed round investors include Hashkey, Youbi, Rebase, Waterdrip, and Polkaworld_Sub0.
Bitrise Capital as an investor in post-seed round.
November 2, 2022
May 5, 2022
Tea project vision to achieve fast, decentralized Web3 dApps. Through multiple layers + trusted computing to get the role.
The TEA Project has just raised $1.3 million in its second funding round to finally bring full-speed decentralized computing to the blockchain. Draper Dragon led the second round which also included JDI Global and builds on the investments made by investors in the earlier seed round. The seed round investors include Hashkey, Youbi, Rebase, Waterdrip, and Polkaworld_Sub0.
Bitrise Capital as an investor in post-seed round.
November 2, 2022
It solves the Blockchain Trilemma by offering a scalable, decentralized, and secure blockchain without compromising any aspect.The TEA Project builds on many emerging projects and paradigms which in and of themselves are not sufficient to solve the Blockchain Trilemma.
Blockchains like Ethereum provide a world computer where smart contracts can run in a decentralized manner. They are further augmented by Web3 innovations like IPFS, a peer-2-peer file system that stores files decentralized. But smart contracts by themselves cannot currently run complex algorithms.
Attempts to do so have shown smart contracts to be too slow or too expensive as they lack the processing power compared to modern cloud computers. A layer-2 solution would be needed to offload the computation tasks as long as it could provide a similar trust level as the layer-1 blockchain. By combining blockchain with IPFS and trusted hardware (TPM and GPS modules), the TEA Project achieves scalable speed without compromising security or decentralization.
About
The TEA Project provides a platform where rich, decentralized applications can run at native speeds across a decentralized network of computing nodes. It solves the Blockchain Trilemma by offering a scalable, decentralized, and secure blockchain without compromising any aspect.
The TEA Project builds on many emerging projects and paradigms which in and of themselves are not sufficient to solve the Blockchain Trilemma. Blockchains like Ethereum provide a world computer where smart contracts can run in a decentralized manner. They are further augmented by Web3 innovations like IPFS, a peer-2-peer file system that stores files decentralized. But smart contracts by themselves cannot currently run complex algorithms. Attempts to do so have shown smart contracts to be too slow or too expensive as they lack the processing power compared to modern cloud computers. A layer-2 solution would be needed to offload the computation tasks as long as it could provide a similar trust level as the layer-1 blockchain. By combining blockchain with IPFS and trusted hardware (TPM and GPS modules), the TEA Project achieves scalable speed without compromising security or decentralization.
Tokens: TEA, CML
W3F Grants:
Gluon - Decentralized Hardware Crypto Wallet Services — First delivery
About
The TEA Project provides a platform where rich, decentralized applications can run at native speeds across a decentralized network of computing nodes. It solves the Blockchain Trilemma by offering a scalable, decentralized, and secure blockchain without compromising any aspect.
The TEA Project builds on many emerging projects and paradigms which in and of themselves are not sufficient to solve the Blockchain Trilemma. Blockchains like Ethereum provide a world computer where smart contracts can run in a decentralized manner. They are further augmented by Web3 innovations like IPFS, a peer-2-peer file system that stores files decentralized. But smart contracts by themselves cannot currently run complex algorithms. Attempts to do so have shown smart contracts to be too slow or too expensive as they lack the processing power compared to modern cloud computers. A layer-2 solution would be needed to offload the computation tasks as long as it could provide a similar trust level as the layer-1 blockchain. By combining blockchain with IPFS and trusted hardware (TPM and GPS modules), the TEA Project achieves scalable speed without compromising security or decentralization.
Tokens: TEA, CML
W3F Grants:
Gluon - Decentralized Hardware Crypto Wallet Services — First delivery
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