Inco Launches Confidentiality Layer on Base Sepolia with $5M Backing
Inco, a pioneer in blockchain confidentiality, has launched Inco Lightning on Base Sepolia testnet. This follows a $5 million funding round led by a16z CSX, with support from Coinbase Ventures and 1kx Capital, bringing total funding to $10 million.
About Inco
Inco enhances smart contract privacy, enabling secure handling of sensitive data. It integrates advanced cryptography for secure, high-performance applications.
Introducing Inco Lightning
Inco Lightning offers confidentiality for low-latency on-chain applications like real-time gaming and high-frequency DeFi. Using Trusted Execution Environments (TEEs), it ensures data privacy without sacrificing speed.
Join Inco Lightning Testnet
Explore Inco Lightning on Base Sepolia:
- Get Testnet ETH: Use a Sepolia faucet for transaction fees.
- Access Platform: Visit [Inco’s website](https://www.inco.org/) and connect your wallet.
- Mint Test USDC: Mint tokens on the platform.
- Shield/Unshield Operations: Test Inco’s confidentiality features.
- Engage Community: Join [Inco’s Discord](https://discord.com/invite/inco) for feedback and updates.
Note: This testnet is non-incentivized; focus on exploration and feedback.
Future Developments
Inco is developing Inco Atlas, using Fully Homomorphic Encryption (FHE) and Multi-Party Computation (MPC) for max privacy in regulated financial services.
Stay Connected
Follow Inco on [X (Twitter)](https://x.com/inconetwork) and join their [Discord](https://discord.com/invite/inco) for updates. Inco’s approach to blockchain confidentiality positions it as a key player in Web3, potentially redefining privacy standards in decentralized applications.
