Obscuro: Abbreviated Introduction
Public blockchains are sometimes affected by a front-running issue known as Maximal Extractable Value (MEV), in which miners or stakers and block proposers might steal profits associated with tokens by observing user transactions and then preempting them. For instance, a miner or a bot may observe a user’s eagerness to buy an asset at market price with an automated market maker. Seeing the upcoming transaction, they would insert their purchase ahead in the processing queue by paying a higher transaction fee, which would cause the price to go up for the user. Then they would sell the purchase at a higher price and extract a profit from the user.
Obscuro, a decentralized Layer-2 privacy solution, built on top of Ethereum, is designed to address MEV and other issues, while also introducing various use cases.
The project uses a decentralized round-based consensus protocol designed explicitly for Layer-2 rollups, with which it is claimed assets can be withdrawn back into Ethereum much faster than in other Layer-2 solutions.
OBX, the native token, is not deflationary and has four primary use cases. The Obscuro DAO, which controls the mainnet’s tokenomics, later on, will have the option to vote to issue more tokens.
The project is located in London, England. There is also the Obscuro Foundation which issues OBX tokens.
The project’s core team is experienced in the blockchain industry, and two investors are backing the project.
Registration is open for those who want to become early users of the Testnet. The mainnet is expected to be launched in the first half of 2023.
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