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Espresso Systems is a company that develops applications and systems for Web3. It was founded in 2020 by several collaborators at Stanford University. Espresso Systems is backed by funders such as Greylock Partners, Sequoia Capital, and Coinbase Ventures. The company states it develops and launches products for entrepreneurs, start-ups, and enterprises to use in the Web3 space.
Espresso Systems has launched several protocol products that act as scaling and privacy solutions for decentralization.
The company is developing layer-1 blockchain infrastructure called Espresso. It is being designed with an integration of a proof-of-stake consensus protocol with a zero-knowledge (ZK) rollup mechanism so users can have access to low-fee transactions and can process transactions off-chain.
Espresso Systems has also developed another product, Configurable Asset Privacy for Ethereum (CAPE). It is a smart contract privacy product that was launched in testnet in June 2022.CAPE is intended to be used by asset developers for processes such as creating and wrapping assets, creating policies for those assets, and developing data-sharing policies.
