Taxa- A Layer 2 Network
What is Taxa?
Taxa is a layer 2 network that consists of a three-layered architecture, it is a state of the art computing platform housed by state of the art computing tech. Because it is a layer 2 network, it enables input and output from all other decentralized blockchain such as the ethereum blockchain. The taxa team seeks to make the taxa network a blockchain standard for business logic, enabling real-world deployment.
The taxa network is well suited to enable a data-rich, computationally intensive, privacy reserving and a highly developable smart contract which is called the hyper-smart contract.
Taxa network is being developed to solve the scalability issue faced by most blockchain making it difficult for Dapps to efficiently work with smart contracts.
Taxa Network Hyper Smart Contracts
Since the taxa network will be dealing with state of the art hardware-based trusted computing, the hyper-smart contracts will be able to efficiently work with these hardware’s producing a high-performance blockchain.
Taxa Functionalities
Performance: Taxa will improve the performance of every blockchain and Dapps by lowering the overhead and increasing the speed, which allows apps to perform a complex business logic.
Privacy: Dapp's private info are protected from the public and nodes by implementing a hardware level security that is isolated and has a secured input/output channels, and this hardware level security guarantees a data security, transmission, and execution of storage.
Reliability: Integrity, confidentiality, and availability are ensured by the system by integrating a fault tolerance system with the trusted hardware. Making the system more robust and fault tolerant.
Developability: The network has a very good SDK platform that allows developers to create good blockchain applications without the scalability issue along-side a sweet interpreter environment that is user-friendly and flexible.
Taxa Three Layer Architecture
As said earlier on In the article, taxa is a layer 2 network with a three-layer architecture. These 3 layers are discussed below.
Client layer: This can also be seen as the user layer where the users can combine the SDK into Dapps and also invoke the hyper-smart contract using the taxa client.
Public Blockchain Layer: Taxa will make a series of smart contracts available on the blockchain so that taxa related cases will be handled by it. Not forgetting that hyper-smart contract will also be called from the public blockchain. Also, the taxa related tasks can be payment settlements or status change.
Trusted Execution Layer: This is a decentralized network that consists of the TEE computing nodes. These nodes are responsible for executing high performance and privacy reserving smart contracts while also feeding results and states. The trusted execution layer is responsible for picking up jobs from the public blockchain layer and attend to them, establish a secure connection as well as receive private data from users.
A launch program is currently going on where public blockchain, Dapp's developers can request for the full support of the taxa platform. If you wish to apply you can click the link https://docs.google.com/forms/d/e/1FAIpQLSePjyazhkIWOVavXB0dTs7E8fjVyvHpteOmSA4XQap8tUGVIg/viewform?usp=send_form
Website: https://taxa.network
Telegram: https://t.me/taxanetwork
Twitter: https://twitter.com/taxanetwork
Facebook: https://www.facebook.com/taxanetwork/
AngelList: https://angel.co/taxanetwork
Medium: https://medium.com/@taxanetwork
AngelList: https://angel.co/taxanetwork
Medium: https://medium.com/@taxanetwork