Ten

Ten (Obscuro)

Ten is a Layer 2 rollup protocol designed to hyper-scale and encrypt Ethereum, providing a solution for both public and private elements within Ethereum smart contracts. It aims to achieve scalability, prevent Maximal Extractable Value (MEV), and add encryption to unlock new use cases.

Here are some key points about Ten:

  1. Encryption and Privacy: Ten allows Ethereum smart contracts to contain both public and private elements without changing the user or developer experience. It leverages Secure Enclaves to encrypt the Ethereum Virtual Machine (EVM) and provides data confidentiality, including hidden balances and transactions.
  2. Scalability: Ten utilizes a novel protocol called Proof of Block Inclusion (POBI) to achieve scalability. This protocol enables Ten to scale massively by aggregating transaction data from Layer 2 and posting it as a single blob onto Ethereum.
  3. MEV Prevention: Ten aims to address the issue of Maximal Extractable Value (MEV) by moving value back into the hands of end-users. By leveraging encryption and the decentralized nature of Ten, it aims to prevent MEV and ensure a fairer distribution of value.
  4. General-Purpose L2: Ten is designed as a general-purpose Layer 2 solution for Ethereum. It sits between Optimistic and ZK rollups, offering advantages from both approaches. It allows existing Ethereum Dapps to migrate to Ten with minimal cost and provides faster transaction speeds and gas savings compared to Layer 1 Ethereum.
  5. Decentralization: Ten is built on top of Ethereum, leveraging its security, adoption, and liquidity. It is a decentralized network where anyone can become an Aggregator, responsible for validating transactions and publishing rollups back to Layer 1. Trust is distributed across the network, similar to the decentralized nature of Bitcoin and Ethereum mining.
  6. Interoperability: Ten provides an Ethereum-based bridge for transferring tokens between Layer 1 and Layer 2. This bridge is secured using the POBI protocol, ensuring consensus across the entire Ten network and adding an additional layer of security.

In summary, Ten is a Layer 2 rollup protocol that hyper-scales and encrypts Ethereum. It allows Ethereum smart contracts to contain both public and private elements, achieves scalability through the POBI protocol, prevents MEV, and offers a decentralized and interoperable solution for Ethereum applications.

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BeGlobal
big brain holdings
builder capital 1
cogitent ventures
Cryptopia VC
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gts ventures
insignius capital
kucoin ventures
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one bloc capital advisory
pragma ventures
R3
republic capital
token metrics ventures
TPC Club
vvv fund