The encrypted Ethereum layer 2 community, TEN (aka The Encrypted Community), has introduced the of entirety of a $9 million investment spherical led by way of the banking consortium R3.
- TEN is a layer 2 rollup platform concentrated on encryption, MEV prevention, scalability, and fuel potency. It’s mentioned to do business in “a balance between Optimistic-based L2s and ZK-Rollups.”
- The usage of encryption, TEN we could builders select which portions in their canny promise they’d love to hold non-public, and which portions community.
- Alternative options come with instant bridges, and reserve random quantity moment.
- R3 is a consortium of 42 of the arena’s biggest banks which can be exploring blockchain era and real-world asset tokenization.
- Alternative contributors within the investment spherical come with Republic Crypto, KuCoin Labs, Bulky Mind Capital, DWF Labs, and Magnus Capital.
- “Layer 2s were always not just about scaling, but enhancing Ethereum with new features in ways that cannot be done on Mainnet,” mentioned Gavin Thomas, Co-Founder and CEO of Obscuro Labs, in a press let fall shared with CryptoPotato.
- TEN is recently in its testnet section, with mainnet poised to be excepted in October.
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