Espresso
Espresso
ESPEspresso Chart
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Token Supply Breakdown
Supply StructureCirculating supply is 14.50% of total.
Price Milestone Ranges
Distance (%)Price has gained +47.0% from bottom.
About
What Is The Espresso Network?
The Espresso Network is a base layer purpose-built to provide rollups and app-specific chains with fast finality and secure crosschain composability. It operates as a decentralized consensus protocol (Layer 1) able to confirm rollup blocks in a few seconds, providing order consistency and data availability, but without executing transactions itself.
The infrastructure is designed to address the fragmentation across blockchain platforms by providing real-time communication between chains, enabling unified liquidity and seamless interoperability for payments and other crosschain activities.
Espresso’s tech is based on an original R&D effort to create the fastest possible decentralized protocol for transaction confirmations, including development of a new open source consensus protocol, HotShot (a proof-of-stake variant of HotStuff), and a technique called verifiable information dispersal (VID) for scalable data availability. Espresso currently supports 5+ MB/s throughput with transaction finality in seconds (with upgrades planned targeting 25 MB/s throughput and subsecond finality in 2026).
Espresso’s Core Functionality
When a rollup or chain integrates with Espresso, its sequencer begins publishing blocks to Espresso as soon as they’re created. Espresso’s validators run a custom BFT (Byzantine Fault Tolerant) consensus protocol called HotShot to maintain a consistent view of all published blocks. Espresso validators confirm blocks and their transaction ordering in a matter of seconds.
A protocol-level restriction ensures only blocks matching a rollup’s Espresso-confirmed blocks will settle on any other L1 (e.g., Ethereum) to which the rollup maintains a bridge. By reading a rollup’s state from Espresso, other rollups, chains, applications, interop protocols, and even CEXs can act on this real-time information without needing to wait for slow settlement or relying on centralized sequencers.
Key Characteristics of the Espresso Network
- Delivers transaction confirmations in seconds (versus 12+ minutes for Ethereum L1 finality) using HotShot consensus
- Provides scalable data availability by utilizing a technique called Verifiable Information Dispersal that encodes block data into erasure-coded chunks that are disseminated among nodes in a way that recoverability is ensured
- Stack and VM agnostic, currently supporting rollups built with Arbitrum Nitro, OP Stack, and Cartesi’s Linux-based system
- Compatible with Ethereum L1 settlement while providing faster finality
- Secured by the $ESP token and a proof-of-stake consensus mechanism
Who is the Team Behind Espresso?
The Espresso Network was originally developed by the team at Espresso Systems, which comprises a diverse group of contributors from around the world, including developers, designers, and researchers. We have raised roughly $60 million from leading investors in technology and crypto, including a16z, Greylock Partners, Electric Capital, Sequoia Capital, and Polychain Capital.
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Espresso sees massive surge in network activity as developers flock to the ecosystem
Espresso sees massive surge in network activity as developers flock to the ecosystem
Espresso sees massive surge in network activity as developers flock to the ecosystem