The Block5 minutes ago

Published on September 15, 2023 16:18 GMT+00:00edited on September 15, 2023 16:19 GMT+00:00

Ethereum Layer 2 scaling solution Metis aims to become Ethereum's first decentralized Layer 2 infrastructure, empowering its community to take over key centralized components of the network.

Currently, Layer 2 networks introduce elements of centralization, such as relying on single sequencers controlled by the projects’ teams. A sequencer is a component of Layer 2 networks that orders and batches multiple off-chain transactions before submitting them to the Ethereum blockchain. This creates a single point of failure and potential censorship risks that could have a significant impact on users of the networks.

To achieve full decentralization over time, Layer 2s must address these centralization risks, Metis co-founder Elena Sinelnikova told The Block in a recent interview. "One way to do …