new snaps campaign @tenprotocol

So, what is this ten protocol? Let's see together.

TEN (Formerly Obscuro) is a Layer 2 rollup network built on Ethereum. Its goal is to offer both scalability and keep user transactions private. Transactions, contract states, application code all are processed cryptographically within a hardware based Trusted Execution Environment (TEE).

TEN is positioned between the Optimistic and ZK rollups:

• Developer-friendly model of Optimistic rollups.

• With the privacy of ZK rollups.

. TEE+ With strong economic incentives; privacy, low waiting, MEV (pre emption) prevention benefits.

Technology: TEE, POBI, and EVM Compatibility:

• TEE (like SGX): Provides code and data privacy, but is backed by Ethereum's security, preventing theft of ETH even if security is compromised.

• POBI (Proof of Block Inclusion): One of the TEEs is randomly selected the ones that do not work correctly are removed, thus ensuring granular centralization.

The founding team consists of experienced names from R3 (the team that developed the Corda platform): Gavin Thomas, Tudor Malene, Cais Manai, James Carlyle, etc In 2024 , they raised a $9 million seed round

with investors like R3, KuCoin Labs, DWF Labs, and Republic Crypto.

Advantages & Challenges

Advantages:

• Developer friendly EVM compatibility.

• Low latency encrypted transaction.

• Flexible privacy period.

• Resistant to MEV attacks.

Challenges:

• Dependency and potential risk of TEE hardware vulnerabilities.

• Private data is not private forever but remains private for a certain period of time

Ultimately, TEN/Obscuro offers a unique balance between privacy, performance, economy and usability.

Offering practical privacy, flexible privacy periods, and full integration with Ethereum with TEE-based solutions, it appeals to both individual and corporate users.