
Chinedu Oforka
@defivoyager
229 Following
66 Followers
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The @espressosys Network offers a decentralized global confirmation layer for secure, rapid transaction ordering across blockchains. Using the HotShot consensus protocol, it ensures Byzantine Fault Tolerance, confirming transactions in seconds, compared to Ethereum’s 15-minute finalization.
HotShot locks transaction sequences, preventing post-confirmation changes, and matches Ethereum’s security, requiring one-third stake control to reverse transactions.
Restaking aligns HotShot’s security with Ethereum’s Layer 1, with slashing for malicious actions. Espresso enhances Layer 2 ecosystems, reducing bridge transfer times from minutes to seconds while maintaining high security, fostering interoperability, and supporting scalable, secure cross-chain decentralized applications. 0 reply
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Espresso Systems, @espressosys , a company focused on building tools to make blockchain technology more private, scalable, and interoperable.
working on the Espresso Network, a global confirmation layer that helps Layer 2 (L2) blockchains, like rollups, achieve faster and more reliable transaction confirmations using a Byzantine Fault Tolerant (BFT) consensus mechanism. Their flagship product, the Espresso Sequencer, aims to decentralize rollups, which are critical for scaling Ethereum by processing transactions off the main chain while maintaining security.
This sequencer promotes neutrality, enhances cross-chain interoperability, and reduces risks like transaction reordering or centralization.
Espresso Systems is also exploring privacy solutions and low-cost data availability to make Web3 applications—like decentralized finance and NFTs—more accessible and efficient.
Their work emphasizes composability, ensuring different blockchains can work together seamlessly, fostering a more open ecosystem 0 reply
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