The Block13 minutes ago

Published on March 14, 2024 16:00 GMT+00:00edited on March 14, 2024 16:04 GMT+00:00

Ethereum scaling solution Metis has launched an alpha version of its decentralized sequencer — a step beyond the current centralized single-sequencer model used by Layer 2 rollups.

While rollups are a promising scaling solution for Ethereum, helping to increase transaction throughput and reduce fees — especially following Ethereum’s Dencun upgrade yesterday — they introduce elements of centralization, such as relying on sequencers and provers controlled by the projects’ teams who also retain any revenue the sequencer generates.

A sequencer is a component that orders and batches multiple off-chain transactions before submitting them to the Ethereum blockchain. A prover is a mechanism that generates cryptographic proofs to validate transactions without processing them on the main chain. …