TEN Protocol price

TEN

TEN Protocol is a Layer 2 rollup solution that reintroduces data access controls to Web3 through programmable encryption and confidential computing. The network operates as a fully Ethereum-compatible scaling solution that enables smart contracts to process both public and private data within the same application framework.

TEN utilizes Trusted Execution Environments (TEEs) as its core infrastructure component. TEEs provide hardware-based encryption that shields smart contract logic, state, and transaction data from external observers, including node operators. This technology creates what TEN classifies as "confidential rollups," combining optimistic rollup performance with privacy guarantees.

TEN is the native utility token used for:

• Transaction fees and data storage costs
• Network staking for validator operations
• Governance decisions regarding protocol development and resource allocation

TEN's architecture encrypts transactions at the wallet level before network submission. Transaction details, including balances and participant addresses, remain hidden until revelation occurs according to developer-defined rules. Smart contracts execute within TEE environments while maintaining Ethereum Virtual Machine compatibility.