Espresso Systems, a global collective of researchers, designers, and developers, originally built the Espresso Network. The project has secured approximately $60 million in funding from prominent crypto and technology investors such as Polychain Capital, Sequoia Capital, Electric Capital, Greylock Partners, and a16z.
How Espresso WorksOnce a chain or rollup connects to Espresso, its sequencer immediately publishes new blocks to the network. To keep a uniform record of these blocks, Espresso validators employ HotShot, a custom Byzantine Fault Tolerant (BFT) consensus protocol. This process allows validators to verify transaction ordering and confirm blocks within seconds.
A restriction at the protocol level guarantees that only blocks confirmed by Espresso will settle on any Layer 1 (like Ethereum) linked via the rollup’s bridge. By accessing state data directly from Espresso, centralized exchanges, interoperability protocols, applications, and other chains can utilize this real-time information. This removes the need to depend on centralized sequencers or wait for slow settlement times.
Main Features of the Espresso Network- Achieves transaction confirmation in seconds using HotShot consensus, compared to the 12+ minutes required for Ethereum L1 finality
- Offers scalable data availability through Verifiable Information Dispersal, a method that encodes block data into erasure-coded chunks distributed across nodes to ensure recoverability
- Remains agnostic to virtual machines and stacks, currently supporting rollups constructed with Cartesi’s Linux-based system, OP Stack, and Arbitrum Nitro
- Maintains compatibility with Ethereum L1 settlement while offering quicker finality
- Relies on a proof-of-stake consensus mechanism and is secured by the $ESP token