Introducing Twala Network – A Specialized Ethereum Sidechain Designed to Enable Digital Trust, Security, and Compliance
Hello there! I’m Alex, Chief Technology Officer of Twala.
Introducing Twala Network
We are proud to announce the first Filipino-made blockchain network, Twala Network — a specialized Ethereum sidechain designed to enable digital trust, security, and compliance for banks, government institutions, organizations, and businesses. Twala Network has built-in protocols for blockchain self-sovereign identities and digital document anchoring to help connect Web2 and Web3 ecosystems. We’ve been working on the Twala Network project ever since we launched Twala Sign, our document signing platform last year, and have been steadily building up our partnerships, technology platform, and operational continuum in that time.
Twala Network will allow us to evolve the way we do business to the next level, setting us up to build an interconnected future of decentralized trust and transparency.
Twala Network will have:
- Seamless transactions with fast block confirmation.
- Significantly lower transaction fees compared to other general-purpose blockchains.
- Built-in protocols for processing digital identities and document anchoring/verification with the use of zero-knowledge proofs.
- An integrated bridge to roll-up transactions to the Ethereum Mainnet.
- A 2-way peg bridge for transferring TWL (Twala Network’s native cryptocurrency) in and out of the network.
- A blockchain explorer, and yes, it has a dark mode.
Here in Twala, we believe in a Web3 future and that blockchain technology is the next evolution of the Internet. At the core of every industry’s workflows, there are always two constants: identities and documents. These two are Twala’s building blocks in constructing the platform. Imagine a future where all documents are born digital and your identity and access rights can be easily proven without sharing any piece of data about you without your consent. A future where governments and companies can work with each other without the threat of any central authority. We see a future where opening up a bank account or signing contracts can be done in just a few simple clicks.