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Espresso Systems

Espresso is a global confirmation layer that provides L2 chains with fast, reliable transaction confirmations backed by BFT consensus. Espresso's confirmation layer can prevent sequencer equivocation, protect against reorgs, and reduce finality risk for solvers in intent-based systems. Its versatility means chains can also use it as a decentralized sequencer and low-cost data availability layer.
What is Espresso Systems?
Espresso Systems is a decentralized sequencer and data availability system that connects layer-2 scaling solutions. Their Espresso Sequencer offers rollups the ability to achieve credible neutrality, enhanced interoperability, and long-term alignment with Ethereum. The Sequencer's HotShot consensus protocol ensures fast transaction finality and high throughput, while its shared design allows for cross-chain messaging and bridging. Espresso Systems aims to accelerate decentralization, offer reliable infrastructure to app developers, and provide end users with high-performance, low-fee experiences.
How Does Espresso Systems Work?
Espresso Systems integrates a proof-of-stake consensus protocol with a zero-knowledge rollup mechanism to deliver fast, low-fee transactions. Their Configurable Asset Privacy for Ethereum (CAPE) application allows asset creators to offer users customized privacy guarantees. CAPE enables the creation of new assets with custom privacy properties and the wrapping of existing Ethereum tokens to endow them with privacy features.
What Makes Espresso Systems Unique?
Espresso Systems stands out due to its focus on both scalability and privacy. The integration of proof-of-stake consensus with zero-knowledge rollups ensures high throughput and low fees. Additionally, the CAPE application provides configurable privacy options for digital assets, allowing asset creators to customize who can see ownership and transaction details. This combination of scalability and privacy addresses key challenges in the blockchain space.
Who Are the Founders of Espresso Systems?
Espresso Systems was founded by a team of Stanford University employees with experience in notable web3 projects, including Monero and BitTorrent. The co-founders include Benedikt Bünz, Ben Fisch, and Charles Lu. They are joined by Chief Strategy Officer Jill Gunter, a former crypto investor at Slow Ventures. The team has grown to include 26 members, with 18 engineers.

Latest News

What Key Events Have There Been for Espresso Systems?
Espresso Systems has achieved significant milestones, including raising $32 million in a funding round led by Greylock Partners and Electric Capital in March 2022. In March 2024, they secured an additional $28 million in a Series B funding round led by a16z crypto. These investments have supported the development of their shared sequencer network and other scaling solutions.
Project Announcements
In November 2024, Espresso Systems announced the launch of their mainnet, marking a significant step towards enhancing Ethereum's composability. This development followed two years of research and the deployment of multiple testnets, aiming to improve interoperability and scalability within the Ethereum ecosystem.

Upcoming Events

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Projects Announcements

Where to Buy Espresso Systems?
As of now, Espresso Systems' token, CAPE, is not yet listed on any exchanges. Therefore, it is not available for trading on public platforms.
Espresso Systems Price
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Espresso Systems Price Prediction
Currently, there are no available forecasts from reliable experts or publications regarding the price of Espresso Systems' token, CAPE.

FAQ

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.