Taxa Network and Harmony collaborate towards holistic development of blockchain infrastructure

  United States, California, San Francisco - 08/22/2019 (PRESS RELEASE JET)

Taxa Network, a leading blockchain layer-2 project focusing on highly developable confidential compute, announced to collaborate with Harmony, a high-throughput, low-latency and low-fee consensus platform towards the holistic development of blockchain infrastructure.

Together they will enable Taxa’s privacy-preserving, computationally powerful, privacy-preserving smart contract engine on Harmony’s mainnet.

“We envision decentralized applications are to be built on a layered blockchain infrastructure in the future, where there are layer-1 projects such as Harmony storing states and values, and layer-2 projects such as Taxa and others which supplement or surcharge various functionalities, and upper layers such as interfaces and applications. With Taxa, developers shall be able to unlock whole new possibilities in DeFi, AI/machine learning, gaming, and many more,'' said TF Guo, co-founder of Taxa.

In 2014 Ethereum was announced. 5 years later in 2019, the hype about the blockchain technologies has reached new peaks. Yet, is blockchain ready for real-world adoption? Is increased TPS all needed to bring more usages for blockchain? Is another layer 1 project going to resolve all the issues of blockchain? To make blockchain infrastructure massively usable, there’s much to be done with its middleware to address its ability of handling intensive computation and heavy data, while ensuring a reasonable level of privacy. Leveraging the state-of-the-art trustless technologies, Taxa aims at becoming the universal logic layer that enables computationally-powerful, privacy-preserving, highly-developable applications for all.

Li Jiang who’s in charge of Business Development at Harmony reassured the vision by calling the collaboration a big step towards the holistic development of the blockchain infrastructure. “It enables both sets of developers to focus on their core expertise, and provide the best of both worlds to our users,” said Li.