Takamaka is a blockchain platform designed to make it easy for everyone to adopt and develop blockchain-based applications. Takamaka introduces a second-layer protocol — a hash chain built on top of the Takamaka hub, aimed at improving and accelerating the entry of interested companies into the blockchain world.
Takamaka provides native support for two cryptocurrencies. TKG, a variable-valued cryptocurrency similar to ETH or ADA, is used for governance as well as paying transaction fees. Half of the TKG supply was introduced in the first block of the blockchain, with the remaining half to be mined through creating blocks, which are set to occur every 30 seconds. The second cryptocurrency is TKR (Takamaka Red), a stablecoin. The entire supply of TKG was generated in the first block of the blockchain and cannot be produced through mining or any other means thereafter. Blocks are produced by mining nodes, which are determined by the amount of TKG staked by their owners across various mining nodes or mining pools.