August Newsletter of Eigen Network

This is our monthly progress report, please checkout the updates on product, technology and community building.

Development & Product Spotlight 🕵️‍♂️

EigenSecret

As the first product for Eigen, EigenSecret will be launched at the end of August.

EigenSecret is a cross-chain bridge for token circulation between EigenRollup Chain and Ethereum. It has been deployed in Eigen Devnet. From our benchmark, it takes about 20 seconds to deposit Ether to Eigen Token, and about 20 mins to withdraw from Eigen Token to Ether.

In addition, EigenSecret supports privacy smart contracts on EigenRollup Chain, which means the end-user can encrypt their input of contract method, i.e. `msg.data`, in the transaction, and send it to the sequencer. EGVM can handle the encrypted `msg.data` and update the contract state in cipher format.

EigenSecret is implemented by the Vue.js framework, and has been opensourced at https://github.com/ieigen/secret.

Now, only the bridge between Ether and Eigen Token is launched. More bridges for different tokens are still under development!

EigenCC

Upgraded the key management protocols. The new protocol adopts the Verifiable Random Function to select a set of key updating nodes and generate the new TEE key pair for the next epoch.

Released the TEE privacy operator development instruction, check out here: https://github.com/ieigen/ieigen/blob/main/docs/operators.md

EigenRollup

Merged the TEE privacy operators into EGVM.

EGVM is a privacy enhancement EVM-compatible virtual machine.

Deployed the bridge between Eigen Token and Ether in Eigen Devnet.

Eigen Portal

The Eigen Portal demo has been completed and is expected to meet you at the end of August.

Eigen Explorer

Users can scan for detailed transaction information through wallet address, transaction hash, blocks, Token with Eigen Explorer. It is expected to go online in early September.

Contribute to Eigen 🤝

Privacy is essential to the security and adoption of Web3, from DeFi to NFTs and beyond. Eigen Network brings cost-effectiveness and privacy to Ethereum and will be foundational to the next generation of successful Web3 applications.

We are looking for some fantastic people to help build our team. Below we will have all of our active roles, please apply if you are interested in any of them.

· Full stack engineers

· Solidity developers

· NodeJS developers

· Backend engineers

Come and join us! You are always welcome to join our discord to chat with team members. By the way, Eigen network Alpha is under deployment now, and will be open for internal testing in early Sep. If you are interested in Eigen testnet, contact us directly.

About Eigen Network

Eigen is the first private computing network on Layer 2. Powered by the FL and Hardware-software synergy, moving value from web2.0 to web3.0, by building a new creator economy.

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