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What Is a Blockchain Sequencer? It Sits Between Ethereum and Layer-2 Networks Like Coinbase’s Base

September 6, 2023
in Crypto Updates
Reading Time: 1 min read
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A criticism of the setup is that as we speak’s rollup sequencers are usually run by “centralized” entities, and thus characterize single factors of failure, potential vectors for transaction censorship, or probably a choke level if authorities ever selected to close all of it down. Coinbase, for instance, runs the sequencer for its new Base blockchain, a task that would produce an estimated $30 million of internet income yearly, based mostly on estimates by the evaluation agency FundStrat.

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Tags: BaseBlockchainCoinbasesEthereumLayer2NetworksSequencerSits
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