Obscuro Labs

Description

Obscuro Labs contributes to the TEN network. TEN is a decentralized, Layer-2 Rollup protocol for Ethereum. Designed to hyper-scale and encrypt Ethereum. Ten solves a wide range of blockchain issues and opens up a whole new world of use cases. The design of Ten ensures that existing Ethereum apps can move over to Ten for virtually no cost. Any developer familiar with Ethereum can build privacy-preserving apps on Ten that benefit from the adoption, legitimacy, security, developer tooling and liquidity of the entire Ethereum ecosystem. End-users can continue to use MetaMask or their favourite Ethereum wallet. Interacting with a Ten application is the same as interacting with any Ethereum application. With a seamless user and developer experience, Ten changes the blockchain's privacy paradigm. Obscuro leverages a pragmatic technology for encrypting the ledger, Trusted Execution Environments (TEEs). TEEs provide robust confidentiality guarantees with certainty over the code running. They allow Ten to offer smart contracts, decentralisation, and scalability all encrypted in a way other techniques cannot. Ten uses Confidential roll-ups, a new type of roll-up inspired by existing roll-up-based L2 offerings Optimistic and ZK roll-ups. The use of confidential computing techniques and economic incentives allows Ten to retain the performance and programming model simplicity of Optimistic roll-ups and attain confidentiality, short withdrawal periods, and address MEV.

Financials