Ethereum
October 31, 2024

TEN: Encrypting Ethereum, One Block at a Time [NODE GUIDE]

TEN is a cutting-edge Layer 2 protocol designed to supercharge Ethereum with scalability, privacy, and security — without the usual trade-offs. While most Layer 2 solutions focus on reducing gas fees and increasing transaction throughput, TEN takes things up a notch by adding full data encryption, allowing decentralized applications (dApps) to operate securely without compromising on performance or privacy. It’s Ethereum, but with a secret cloak — perfect for institutions, DeFi protocols, and even AI applications.

Key Features

  1. Data Confidentiality: TEN uses Trusted Execution Environments (TEE) to achieve complete encryption for Ethereum-based dApps. This means all interactions are private — great for those who want to keep their data out of the public eye
  2. MEV-free: Forget about shady miners exploiting transaction orders. With TEN, the platform eliminates Maximal Extractable Value (MEV) issues, ensuring fair transaction processing
  3. Full Ethereum Compatibility: No need to learn a new language! TEN is fully compatible with the Ethereum Virtual Machine (EVM) and Solidity, meaning you can move your existing Ethereum dApps over to TEN without any headaches

Use Cases

TEN opens up a wide range of possibilities:

  • Institutional DeFi: Since TEN is built for privacy, financial institutions can confidently deploy decentralized finance (DeFi) solutions without revealing sensitive data.
  • AI Modeling: AI applications benefit from TEN’s private data processing and secure computation, making it ideal for industries handling personal or confidential data.
  • Gaming: TEN enables encrypted smart contracts, allowing for in-game mechanics that require confidentiality, like hidden maps or sealed bids in auctions​

Technical Foundation

TEN is powered by a unique blend of Ethereum scaling technology and secure enclaves through TEE. This hardware-based encryption method guarantees that data within the network is protected both in transit and at rest, ensuring maximum privacy. TEN operates as an Ethereum Layer 2 rollup, which not only enhances Ethereum’s throughput but also keeps it secure and decentralized.

  • TEE (Trusted Execution Environments): These secure enclaves safeguard data from tampering, ensuring that even the host machine can’t peek into the sensitive info
  • Proof of Block Inclusion (POBI): A fast and secure way to withdraw assets back to Ethereum, TEN’s POBI protocol beats other Layer 2 solutions in both speed and efficiency

Team and Investors

The TEN project is spearheaded by a team of experienced blockchain developers, including members with backgrounds at R3 Corda, a well-known blockchain for the finance industry. This gives TEN an edge in developing encryption solutions that meet institutional standards. With backing from strategic investors, TEN is positioning itself to take on both DeFi and traditional finance​

Project Status and Roadmap

TEN’s testnet is already live, allowing developers to start building on top of its encrypted infrastructure. The roadmap includes expanding the network’s capabilities, focusing on bringing more real-world assets (RWA) and AI agents onto the platform. As it moves toward a mainnet launch, TEN is also working to add more advanced features, like faster bridging and enhanced privacy tools

Node Setup Guide

Thinking of running a TEN node? Here’s your chance to get involved:

System Requirements:

  • Operating System: Ubuntu 20.04 or later
  • CPU: 4 cores
  • RAM: 16 GB
  • Storage: 500 GB SSD
  • Network: 100 Mbps or higher

Install Dependencies:

Open the terminal (yes, we know — it’s exciting!) and start installing:

sudo apt-get updatesudo apt-get install build-essential curl git docker-compose -y

Clone Repository:

Let’s clone that repo like we’re starring in a hacker movie:

git clone https://github.com/TEN-protocol/ten-core.gitcd ten-core

Build and Initialize Node:

Time to bring your node to life:

ke installten-core init "MyTenNode" --chain-id ten-mainnet

Start and Monitor Node:

Here’s where the fun begins — watch your node do its thing:

docker-compose up -ddocker logs -f ten-node

By running a TEN node, you’re not just securing the network — you’re helping shape the future of encrypted decentralized applications. Plus, you’ll earn rewards in the form of TEN tokens, making it a win-win for both privacy enthusiasts and blockchain developers alike. Whether you’re a developer looking to build the next big DeFi platform or an institution wanting secure on-chain assets, TEN is your go-to solution.

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