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3 ABOUT TAYLOR
Taylor is an open and completely decentralized cross-chain operating system that
is able to connect mainstream blockchain currencies such as BTC, ETC, etc.
Taylor has interoperability capabilities that enables it to transfer data across
different chains using consensus mechanisms that does not need to pass through
the relay chain.
Independent self-verified consensus blockchains such as POW,POS, etc, are able
to transfer data directly across the chain using DLVP protocol. However, other
non-independent self-verified consensus mechanisms such as DPoW, DPoS, etc.,
would need to transfer data across chain via relay nodes through the DLVP
protocol. In this way, any blockchain system can interact with the Taylor, thus
forming a completely open and free cross-chain ecosystem. There is no designated
relay chain in this ecosystem, all cross-chain interactions are completed through
the Taylor and each blockchain system is completely independent in order to
ensure data consistency and validity.
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Taylor Whitepaper
3.1 TAYLOR DESIGN CONCEPT
Taylor aims to achieve cross-chain interoperability in a trustless environment, in
order to accomplish this, a common data structure and network protocol must be
designed to solve the problem of cross-chain interactions between different
blockchain systems. Also, Taylor protocol will need to ensure that the encryption
algorithm used is safe and reliable. In order to solve the problem of data
communication between chains in this trustless environment, blockchain crosschain technology should be focused around the following three key issues:
(i) Data Exchange and Transmission between Chains. One of the
problems that needs to be addressed is the exchange and transmission
of data in the cross-chain system; namely the issue of processing
message information and transaction certificates in different chains and
formats in accordance with unified rules, so as to generate cross-chain
messages with consistent formats and rules. Also, the development of
a cross-chain trusted message verification and intelligent routing,
cross-chain message processing model, etc., in order to create a
universal inter-chain data exchange and transmission protocol.
(ii) Atomicity of Cross-Chain Transactions. Guaranteeing the security and
reliability of cross-chain transactions through transaction mechanisms,
which is targeted at current commonly used transactions solutions in
the industry. For example, Hashed timelock contracts where the
timeout mechanism atomicity is difficult to implement. It is therefore
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Taylor Whitepaper
necessary to develop a cross-chain atomic swap model that is suitable
for general use, and come up with a corresponding atomic swap theory
that focuses on breakthroughs in time independence and absolute
guarantees for transactions.
(iii) Privacy Protection of Cross-Chain Transactions. A theoretical system
of privacy protection should be constructed for cross-chain transactions
to solve the problem of data privacy protection during cross-chain
transactions and to verify the existence and validity of data under the
premise of ensuring data privacy
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