A16z-backed Espresso announces mainnet launch of core product

Espresso, a blockchain project focused on cross-chain composability and backed by venture capital firm Andreessen Horowitz, has announced that its confirmation layer is now live on mainnet.

The launch follows two years of research and development, five testnets, and integration plans with more than 20 chains. This milestone marks significant progress for the team as they work towards “making Ethereum (ETH) composable again,” the Espresso Systems team said in the announcement.

Espresso notes that its confirmation layer provides the infrastructure for chains to interact quickly and reliably, allowing rollups to achieve synchronous composability. This layer enables two composable chains to confirm their respective state transitions by reading each other’s transaction data.

“To achieve synchronous composability, chains need a shared source of truth they can use to quickly and reliably confirm the state transitions of other chains,” Espresso wrote.

According to the Espresso team, several ecosystem partners are prepared to integrate the confirmation layer. These partners include bridges, chains, stack providers, and Rollups-as-a-service (also known as RaaS) platforms.

Specific partners include Linux-powered rollups platform Cartesi, modular zero-knowledge stack chains Airchains, and Arbitrum creators OffChain Labs. Additional partners are bridge platform Across Protocol and RaaS provider AltLayer.

Espresso plans to roll out the mainnet in phases, gradually deploying functionality, onboarding launch partners, and decentralizing the node operator set. A roadmap outlines the main components scheduled for release throughout 2025.

The Espresso team raised $28 million in a series B round in March, led by VC platform a16z Crypto.

Spread the love
  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

    Related Posts

    Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations

    Japanese cryptocurrency exchange DMM Bitcoin will cease operations by March 2025 following a hack that resulted in losses exceeding $300 million. This decision follows months of recovery efforts that ultimately…

    Spread the love

    3 Cryptos to consider buying for Christmas rally – XRP, Shiba Inu, Pepe Unchained

    December begins with investor optimism for gains. Notable tokens to watch: XRP, Shiba Inu, and Pepe Unchained. #partnercontent Spread the love

    Spread the love

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations

    Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations

    GM to sell stake in battery cell plant to LG partner for $1 billion

    GM to sell stake in battery cell plant to LG partner for $1 billion

    North Carolina Republicans close in on enacting bill that weakens incoming Democratic governor

    Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

    Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

    3 Cryptos to consider buying for Christmas rally – XRP, Shiba Inu, Pepe Unchained

    Cardano price could suffer a harsh reversal, crypto analyst warns