Obscuro Labs develops TEN, an open-source Layer 2 rollup that enhances Ethereum's scalability and security through advanced encryption techniques. This platform addresses the limitations of Ethereum's transaction throughput and privacy, enabling faster and more secure decentralized applications.
Funding
$9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Ethereum's transaction throughput and privacy limitations hinder the scalability and security of decentralized applications (dApps). The lack of native privacy solutions on Ethereum exposes sensitive data, while slow transaction speeds and high gas fees limit user experience and adoption.
Solution
Obscuro Labs' TEN is an open-source Layer 2 rollup designed to enhance Ethereum's scalability and security through advanced encryption techniques. TEN aims to provide a platform for faster and more secure decentralized applications by addressing the limitations of Ethereum's transaction throughput and privacy. By leveraging cutting-edge cryptographic methods, TEN enables confidential smart contracts and transactions, ensuring data privacy while maintaining compatibility with the Ethereum ecosystem. This approach allows developers to build dApps that require enhanced privacy and scalability without sacrificing the security benefits of the Ethereum blockchain.
Target Audience
The primary target audience includes dApp developers, enterprises, and users who require enhanced privacy and scalability for their Ethereum-based applications.
Features
- Layer 2 rollup architecture for increased transaction throughput
- Advanced encryption techniques for confidential smart contracts and transactions
- Compatibility with the Ethereum Virtual Machine (EVM) for seamless dApp migration
- Open-source codebase for community-driven development and transparency