Stanford University researchers are working on creating Espresso, a privacy-based blockchain

Cryptography researchers from Stanford University are creating a new privacy-based layer-1 blockchain. As per a new press release, the Espresso System project aims to create a blockchain combining ‘proof-of-stake consensus and a [Zero-Knowledge]-Rollup process to achieve low fees and high throughput’. Espresso Systems has already generated $32 million in funding led by Greylock Partners and…