The Original Music Blockchain is Getting an Upgrade

Image: Tao Network

The Tao Network began in 2016 with a vision of improving the economic futures of everyone involved in the creation of music.  After four years of continuous operation, the time has come to leverage the applied knowledge was accumulated along the way by undertaking an upgrade of the blockchain.  As stated in newly published documentation, “The Tao project began life in 2015 by directly engaging the most significant music industry stakeholders in order to gain their input as to the pain points present in their industry with the goal of potentially solving them with blockchain technology. The Tao 1.0 cryptocurrency was launched in 2016 based on these conversations with specific features which were desired by the music industry: – Proof of Stake Allowing for artists, producers, and labels to participate in network consensus – Masternodes Allowing for the instant settlement of transactions and enhancing Layer 1 consensus – Tokenization Allowing for the digital representation of paper contracts as well as advanced automation – Community – Providing clear focus and dedication to serving the needs of the music industry, while directly engaging fans and artists alike.”

Video: YouTube

The new blockchain will bring to market decentralized finance for music projects like none other.  Consensus and governance will ensure a conscientious approach to a healthy and sustainable artistic ecosystem, while utilizing the latest and greatest in blockchain technology.  The new era of “defi for music” begins with addressing longstanding issues that have affected blockchain projects.  Efficiency, confirmation times, unwanted fork potential, and trust are the major concerns being addressed by the new platform.  According to recently published documentation new technological features will include, “Random Generals to reduce the proof of stake attack surface, increase data reliability, and reduce fork potential – Additional randomization to guarantee fairness and prevent handshaking and Sybil attacks – Fast confirmation time and efficient, decentralized checkpoints for transaction finality and minimal potential rebase.”

Image: Tao Network

The blockchain and token upgrade will be taking place very soon, so if you would like to learn more you can do so by visiting Tao.Network. Additionally, the token can be found of two US-based exchanges Alt.Market and q-Trade.