What is the ESP token? A project that promotes interaction with Espresso rollup
Espresso Systems aims to become a global foundational layer for rollups, addressing limitations such as prolonged settlement times, isolated sequencers, and limited compatibility.
The project focuses on layer 2 infrastructure, where rollups can selectively choose modular components to optimize performance and enhance user experience in a multi-chain environment. With a flexible design, Espresso Systems allows rollup developers to integrate individual parts – decentralized confirmation, sequencing, or available data – instead of applying a rigid entire system.
The core architecture of Espresso Systems revolves around modularity, allowing rollups to customize infrastructure according to specific needs, optimizing costs and performance within fragmented blockchains. The project offers three main components that can be combined independently:
Confirmations: Facilitate rapid, secure “receipts” for transactions thanks to BFT consensus, reducing wait times from hours to seconds. Decentralized sequencing: Multiple independent parties agree on the order of transactions, eliminating censorship and front-running. Data Availability: Stores raw data at lower costs than Ethereum, ensuring independent verifiability.
After listing, the Espresso Foundation allocated an additional 17,950,000 ESP (approximately 0.5% of the initial total supply of 3.59 billion ESP) to future marketing campaigns.
