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From MEV Pain Points to Privacy Upgrades - TEN Protocol Reshapes Ethereum L2 Blockchain Transactions Often Subjected to MEV Attacks, Such as "Sandwich" Attacks, Resulting in Significant Losses for Users.
TEN Protocol was born out of necessity, as an Ethereum Layer 2, focusing on innovation in privacy and security.
Core Technology:
TEE-driven encryption protection TEN uses TEE (Trusted Execution Environment) hardware to encrypt transaction data, ensuring that nodes or miners cannot peek, completely thwarting MEV. Compatible with Solidity, supports smart transparency, applicable to scenarios such as DeFi, AI, and iGaming.
Three major highlights
-POBI mechanism: TEE verifies transaction compliance, enhancing on-chain efficiency and security.
-Local yield model: Bridge ETH assets (such as LST) to earn additional returns while enjoying low fees and high speed (4500+ TPS).
-AI Integration: Supports privacy-preserving AI computations and explores encrypted AI solutions with partners like Junction; also prevents negative MEV to ensure fair trading.
Team and Progress
Originating from the team of R3 (enterprise blockchain experts), raised $16.5M in funding (including a $9M round led by R3, with a valuation of $30M).
Why does TEN stand out?
In the fiercely competitive L2 track, TEN stands out with its core focus on privacy, showcasing distinct advantages:
- Compared to Arbitrum and Optimism:
These optimistic rollups are efficient, but their privacy protection is weak, making transaction data susceptible to exposure; TEN's TEE provides a hardware-level barrier that significantly enhances security.
- More user-friendly than zkSync:
zkSync relies on complex zk proofs, which have a high development threshold; TEN's TEE simplifies the integration process, making it easier for more developers to get started.
-Beyond the breadth of Aztec:
Aztec focuses on zk privacy, but its applications are limited to specific scenarios; TEN supports a broader range of fields, such as DeFi, AI, and RWA, achieving cross-chain multi-use.
Overall, TEN has set a benchmark for hardware security in the privacy L2 space, avoiding potential vulnerabilities at the software level.
The rise of @tenprotocol marks the evolution of blockchain from "public transparency" to "selective privacy," especially in an era of increasingly strict regulations, which will attract more institutions and users to enter the space.
Of course, after the mainnet goes live, user experience, gas fees, and ecosystem activity will be the criteria for evaluation. If TEN can deliver on its promises, it could become the "privacy guardian" of the Ethereum ecosystem!
#TEN Cookie #SNAPS TENProtocol #Web3隐私 on-chain security @cookiedotfun