Ten (formerly Obscuro) (TEN)

Ten is a Layer 2 rollup that hyper-scales and encrypts Ethereum. Ten allows Ethereum smart contracts to contain both public and private elements without changing the user or developer experience.

Series A Round: $7.5M

Funding Round: $9M

Testnet guide

Whitepaper

Onepager

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

What is Ten

We present TEN, a decentralized Ethereum Layer-2 Rollup protocol designed to add encryption, achieve scalability and prevent Maximal Extractable Value. The design of TEN ensures that existing Ethereum Dapps can move over to TEN for virtually no cost. Any developer familiar with Ethereum can build encrypted dApps on TEN that benefit from the adoption, legitimacy, security, developer tooling and liquidity of the entire Ethereum ecosystem.

End-users can continue to use MetaMask or their favourite Ethereum wallet. Interacting with a TEN application is the same as interacting with any Ethereum application. With a seamless user and developer experience, TEN changes the paradigm around encryption on the blockchain.

TEN leverages a pragmatic technology for encrypting the ledger, Secure Enclaves. Secure Enclaves provide robust confidentiality guarantees with certainty over the code running. They allow TEN to offer smart contracts, decentralisation, scalability and encryption in a way other technologies cannot.

TEN uses Confidential roll-ups, a new type of roll-up inspired by existing roll-up-based L2 offerings Optimistic and ZK roll-ups. The use of confidential computing techniques and economic incentives allows TEN to retain the performance and programming model simplicity of Optimistic roll-ups and attain confidentiality, short withdrawal periods, and address MEV.