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Taraxa is a fast and scalable Internet of things device friendly public ledger, which aims to improve the credibility, anonymity and value of the Internet of things ecosystem. The block DAG topology is adopted, and at the lowest coordination cost, combined with the fuzzy sharding technology and the VRF driven pbft consensus, to ensure the rapid and asynchronous final confirmation of the ledger. In addition, taraxa also created the first VM to execute concurrent processing, instead of following the common sequential execution mode in blockchain systems today. Taraxa hopes to solve the problem of device entity credibility by giving the device unique identity, verifiable data and message sources, and the ability of anonymous transactions. By providing all-round solutions, including decentralized key generation, storage and recovery mechanisms in the equipment manufacturing phase, and device level encryption authentication to ensure data sources and their non variability, services and transactions between devices in the Internet of things are finally realized.