Hello! Today is a great project at the initial stage of development! This is a promising blockchain with support for EVM networks and the ability to transfer dApps from the Ethereum network. EVM compatibility makes it easy to scale Ethereum applications. Espresso allows low fee payments with the privacy guarantees users need. I think this is a value that we need.
“Until now, Web3 developers have to compromise between scalability and decentralization. Developers have to choose whether their Web3 products are completely anonymous or completely open. The Espresso ecosystem opens up a whole new world of possibilities when it comes to scalability, decentralization and customizable privacy.”
Top funds saw him as a diamond and invested in the project: $32 million in funding led by Greylock Partners and Electric Capital with participation from Sequoia Capital, Blockchain Capital and Slow Ventures.
Alameda Research, Polychain Capital, Coinbase Ventures, PAXOS, Terra, and more…
Layer 1 blockchain that combines Proof-Of-Stake consensus and mechanism
ZK-ROLLUP (To achieve high throughput and low fees.) All this is the trend of 2023.
The main problem for Web3 users is high fees and privacy.
A large commission makes popular decentralized applications inaccessible to a large number of users.
A team from the Applied Cryptography Research Group at Stanford University. The team consists of 26 people, 18 of which are engineers. Each of whom has worked on other notable web3 projects, including the anonymity-focused Monero blockchain and BitTorrent. The team strives to create the best infrastructure for transacting and interacting online.
Espresso Systems is building scalability and privacy solutions that will unlock new possibilities for Web3 applications.
With Espresso, you can create digital assets and decentralized applications that offer exactly the data protection users want.
What is CAPE?
Espresso has developed Custom Asset Privacy for Ethereum (CAPE). CAPE allows asset creators to offer customized privacy guarantees to users. https://github.com/EspressoSystems/cape
The first release of CAPE is planned to be launched on the Ethereum Rinkeby testnet soon.
CAPE (Configurable Asset Privacy for Ethereum) is a smart contract application that allows creators of digital assets to control who can see activity information in the tokens they mint.
CAPEs can be customized to balance transparency and privacy wherever users need it. The creator of an asset can set up a viewing policy that ensures that parties of their choice can decrypt the transaction information they choose for that asset.
CAPE can run on any EVM blockchain. You can use CAPE to protect your trades and assets from public view!
What to do?
We are active with the project's social networks:
- Communication in Discord
- Create memes
- Creation of posters
- Create video
- Writing articles
- Social media activity (Twitter, Instagram, TikTok, Facebook)
The sooner you get acquainted with the project, the more likely you are to find your diamond!
p.s I believe in the project and the declared CAPE technology (https://docs.cape.tech/espresso-systems/cape-technical-documentation/introduction), which allows you to configure privacy for ERC-20 and NFT tokens.
More information can be found at the links below:
✅CAPE docs: https://docs.cape.tech/