Like Cosmos and Polkadot, Taylor is a Large-Scale, Cross-Chain Network Protocol. The Taylor Protocol is a free and open project. In the future, when large-scale applications are achieved, the Taylor will be shared with the society with a fully Open Source License. The Taylor Protocol is developed openly and collaboratively and will accept technical contributions from any region in the world.
TAYLOR BRIDGE
Taylor bridge is different from Cosmos, Polkadot and other network bridging solutions. Taylor has no Relay and can achieve real-time cross-chain interoperability utilizing cryptographic verification. At the same time, the communication data size has logarithmic space complexity instead of a linear Relationship. Three advantages of Taylor bridges:
(i) Taylor bridge can independently be verified by any nodes for the legitimacy of Cross-Chain data flow through the DLVP protocol.
(ii) During the growth of cross-chain communication data, the transmitted data stream only has logarithmic space complexity compared with the block data of the chain. The block data is N, and the size of the data stream transmitted across the chain is only logN.
(iii) Taylor bridges apply P2P node discovery and data transmission in different blockchain networks to open up cross-chain interaction and real-time intercommunication.
TAYLOR ORACLE
Taylor Oracle is a smart contract analyzer that analyzes and provides data results. Taylor Oracle conducts data analysis with the prediction results from the honest oracle nodes. First, users become a Taylor Oracle Node to provide data by pledging TL Tokens. Then, after Taylor Oracle receives the original data of all nodes to verify its legitimacy, it selects the data of Honest Oracle Nodes for analysis and calculation. Finally, the Taylor Oracle smart contract outputs the oracle result. Oracle Nodes earn oracle benefits by providing real and effective data.
The Oracle Nodes are a very democratic organization. Once the supervised individual is caught committing a fraudulent act, such as providing false information, they will be severely punished and their pledged TL Token will be deducted (destructed). Taylor Oracle ensures the honest result of data for centralized and decentralized exchanges. DAPP smart contracts in the Taylor ecosystem can also use data from Taylor Oracle oracles as valid input parameters.
See Picture below: Taylor Oracle
