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Espresso Systems: Institutional Report

3 min readResearch

Espresso Systems: Abbreviated Introduction

Espresso Systems is focused on bringing Web3 applications like decentralized finance, NFTs, and DAOs to the mainstream by making them cheaper, more robust, and more private for users.

Espresso Systems has developed the Configurable Asset Privacy (CAP) Protocol, which enables digital assets to have customized privacy properties. The first application of CAP is CAPE (Configurable Asset Privacy for Ethereum), a smart contract application currently implemented on Arbitrum’s Goerli testnet. With CAPE, asset creators can create brand new assets on CAPE (domestic CAPE assets) or sponsor wrappers to give existing ERC-20 assets privacy features. CAPE has been live for six months on Ethereum Testnets and has seen over 45,000 addresses created, supporting over 300,000 actions and transactions.

As a layer-1 blockchain, Espresso has its own consensus protocol. HotShot is a BFT consensus protocol based off of HotStuff, with the addition of Proof-of-Stake (PoS) and Verifiable Random Function (VRF) committee elections. Espresso’s use cases include, but are not limited to:

  • Configurable privacy: Addresses, asset types, transaction amounts, and credentials can be hidden.
  • Custom policies: Asset creators can define policies and programs around the assets they mint or move over from Ethereum.
  • Shared data: Viewing keys can be customized to reveal any combination of transaction details relating to sender and recipient addresses, input and output amounts, and identity attestations.

Espresso Systems is registered as Translucence Research Inc., based in Delaware, United States.

The project boasts a team of more than 25 people spanning four continents and aggregates engineers, builders, designers, and researchers. Espresso Systems has raised $35.1 million and is exploring integration with the zkSync ecosystem.

A large community of early supporters follows the project on social media.

To purchase Espresso Systems in-depth report and to see our full ratings and assessment please contact us at info@d-core.net

Disclaimer

This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.

D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.

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