Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

TEA Project

Data

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
Status
Announced
Testing
In Auction On Polkadot
Auction
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Primary Token:
TEA
Secondary Token:
CML
News
Apr 29, 2022 at 02:11 UTC
Mar 30, 2022 at 01:49 UTC
Mar 9, 2022 at 21:25 UTC
Feb 16, 2022 at 09:03 UTC
TEA Project project has been added on parachains.info