The Twala Network is a zero-gas EVM (Ethereum Virtual Machine) sidechain designed to facilitate an ecosystem of digital trust, security, and compliance for banks, government institutions, organizations, and businesses. The network aims to offer a secure and scalable platform for building decentralized applications that can operate on top of the Ethereum network.

Consensus Protocol

The Twala Network employs a unique consensus mechanism called Proof-of-Authority (PoA), which enables faster and more efficient transaction processing. PoA is a consensus protocol that uses designated authorities to validate transactions and maintain the integrity of the network. It is a more energy-efficient and secure option than Proof-of-Work (PoW), and eliminates the need for expensive mining hardware. This allows for the creation of applications that can be used in real-world scenarios, such as identity management, document security, supply chain management, and other legal and regulatory use cases.

Compliance and Security

One of the key features of the Twala Network is its focus on compliance and security. The network is designed to be compliant with various regulatory frameworks, such as the GDPR, AML, and KYC. This allows for the creation of applications that can be used by financial institutions and government organizations without compromising on regulatory compliance.

Overall, the Twala Network provides a secure, scalable, and compliant platform for building decentralized applications that can operate in a real-world environment. It offers a unique solution to some of the most pressing challenges facing the blockchain industry today, such as high transaction fees, interoperability, and regulatory compliance.