A New Decentralized Node Economy
TxHash Network allows web 2.0 apps, in a decentralized manner, to track and react on DLT transaction events.We are creating a completely new economy that incentivizes and rewards blockchain and other DLT node operators, which are currently passive entities and act merely as ledger state witnesses. These previously ignored nodes in DLT infrastructures will be leveraged and rewarded for their contribution to the decentralized network, creating a new node economy. This economy is sustained by a technological bridge between DLT and web 2.0 services which facilitates the tracking of public ledger events using current web technologies.
We are building a decentralized network that uses a tracking system to monitor transactions as they are added to any distributed ledger. The Network performs an action once certain conditions have been triggered. Our network uses a platform-agnostic plugin that is hosted by full nodes of the networks that TxHash monitors and rewards them for maintaining the network. By open-sourcing and abstracting the TxHash.com Tracker Service into a fully decentralized, cross-DLT, we will create trustless a network which perform all core functionalities of our software as a service.