Harmony blockchain to use Raze Network to increase its privacy protection

Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking...

Harmony, a sharding protocol with a trustless Ethereum bridge, today announced a partnership with Raze Network to increase the privacy protection layer of the Harmony ecosystem.

Raze Network is a layer-2 protocol that will provide cross-chain payment privacy for the entire DeFi stack of the Polkadot ecosystem.

The core technical module of the Raze Network is a second-layer anonymous payment for the DeFi ecosystem, utilizing the Zether Framework, first developed by Dan Boneh, professor at Stanford University, a leading researcher in cryptography, privacy, and blockchain technologies.

Technical Details

The Raze team will use its Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether to encrypt user account balances and transactions. Harmony users will be able to transact on Harmony privately and developers can utilize Raze services on Harmony for the apps they build.

What It Means for the Harmony Community

Raze Network technologies on Harmony will allow the Harmony community to set up a Private Account, and take advantage of the Private Payment Channel.

Developers and users will be able to use the MintTransfer, and Redeem abilities to mint Private Tokens from Base Tokens on the contract at a ratio of 1:1 to anonymize the entire on-chain process.