Inco Network (N/A)

Inco Network is a modular, interoperable, EVM L1 blockchain network focused on bringing confidentiality to dApps, like Celestia or Lava. Unlike monolithic privacy solutions, Inco follows a modular approach similar to how SSL/TLS provides security for internet protocols. 

It aims to provide confidential computing capabilities through its 4 main components:

• Smart Contract Library: A Solidity-based toolkit that extends the EVM with encrypted data types and operations, enabling developers to build privacy-preserving smart contracts without altering the base chain;
• Confidential Compute Nodes: A network of secure enclaves (TEEs) that execute confidential computations off-chain by processing encrypted operations triggered by on-chain events;
• Decryption Nodes + Callback Relayer: A quorum-based TEE network that handles decryption requests, signs results, and relays them back on-chain through verified callback transactions;
• Client-side JavaScript Library: A front-end SDK that encrypts user inputs, manages keys and signatures, and decrypts outputs locally, facilitating seamless interaction with Inco’s privacy layer.

You can get acquainted with the details in the docs.

Inco Network crypto project utilizes two decryption methods tailored for private access and public disclosure of encrypted data:

• Re-encryption: Lets users privately access their data by signing a message and receiving a re-encrypted result from the decryption nodes, which is securely decrypted client-side using an ephemeral key;
• Onchain Decryption: Used when decrypted data needs to be publicly revealed on-chain, with nodes verifying permissions, signing the result, and submitting it via a smart contract callback.

🪙 Inco Network Token: As of May, there is no info concerning the native token of the project. However, according to the project’s roadmap, the mainnet launch is planned for the last quarter of the year, and since we consider it to be a Layer 1 blockchain, it can’t function without the native token. So our team expects it to be launched along with the mainnet.

Moreover, there is an ongoing Inco testnet campaign, where users can test 2 new products in the Base Sepolia network, thus qualifying for the potential Inco Network Airdrop. 
 

Considering the potential Inco Airdrop and funding from top-tier funds, our team has completely analyzed the project, revealing several pros and cons:
 

✅ Inco Network pros:

• Good concept and design of the product;
• Top-tier backers (Circle Ventures, Coinbase Ventures, a16z CSX, and others);
• Above-average SMM, Marketing Infrastructure, and Influencer Marketing performance;
• Presence of the Roadmap;
• High SEO, PR, and Growth Marketing score;
• The core team members have work experience in top-tier companies (Google, Microsoft, Web3 Foundation).

❌ Inco Network cons:

• No top-tier partnerships found;
• No info on token yet;
• No security audits.