IOST Sealed a Partnership With Raze Network
Today April 20, 2021, IOST an ultra-fast, decentralised blockchain network based on the next-generation consensus algorithm “Proof of Believability” announced partnership with Raze Network the Polkadot-based cross-chain protocol.
One of the most important objective of the partnership is to boost an additional privacy protection layer to the IOST ecosystem.
Raze Network offers a privacy-preserving functionalities to the transactions and data coming in and out of the IOST ecosystem.
By integrating IOST dApps/wallets with RazeVM, one will be able to use the Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether to encrypt their account balances and transactions, and able to set up Raze or enhanced IOST Account to take advantage of the Private Payment Channel.
About Raze Network
Raze Network is a substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is building a Cross-chain Privacy Middleware for DeFi and Web3.0
ABOUT IOST
IOST is an ultra-fast, decentralised blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB). Led by a team of proven founders and backed by world-class investors, our mission is to be the underlying architecture for online services that meets the security and scalability needs of a decentralized economy.
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