Shared Sequencers in the Modular Stack | Josh Bowen, Ben Fisch

0xResearch

The Benefits of a Shared Sequence Market

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Ben: I generally think there are like the losing side of like an intellectual debate. Is there going to be more value on the system like yes right? Ben: No one's collecting that revenues free right now. The sequencer shared sequencer while it does need to be aware of the mechanism for allocating whatever revenue or value gets generated in the builder market. It can be agnostic to how we approach MEV and different roll ups decide to approach MEV whether it's using privacy preserving solutions such as a threshold decryption solution which is completely pluggable.

Join us on 0xResearch as Josh Bown (Astria) and Ben Fisch (Espresso Systems) join us to discuss the role of shared sequencers in the modular future. Josh and Ben explain how shared sequencers remove the risk of censorship, liveness and regulation for rollups while creating a layer for atomic composability. Will L2s choose to leverage a shared sequencer? What is the value proposition? Where will value and MEV capture occur? We discuss all of this and more!

And as usual, we start the episode with our analyst bullpen to discuss Voltz v2 cross-margining, Crypto's mobile-first UX improvement and an update on Arbitrum.

- -

Timestamps:

(00:00) Introduction

(00:59) Hot Seat/Cool Throne

(21:50) Interview Start: The Modular Stack

(24:23) The Role of Centralized Sequencers

(28:29) Lightspeed Promo

(29:10) Decentralized Sequencer Design

(36:28) Why Will L2s Use a Shared Sequencer?

(45:00) Cross-Rollup Atomic Composability

(53:12) Rollup MEV Capture

(1:01:00) A Winner-Takes-Most Market?

(1:04:20) Restaking: Aligning L1 and L2 Economic Value

(1:10:23) Who are the Ideal Users?

(1:14:33) Supported Virtual Machines

- -

Follow Josh: https://twitter.com/Jskybowen

Follow Ben: https://twitter.com/benafisch

Follow Sam: https://twitter.com/swmartin19

Follow Dan: https://twitter.com/smyyguy

Follow Westie: https://twitter.com/WestieCapital

Follow Purplepill: https://twitter.com/purplepill3m

Follow Blockworks Research: https://twitter.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Resources:

Voltz's new cross-margining product

https://twitter.com/voltz_xyz/status/1645741501002010624

Espresso Systems

https://www.espressosys.com/

https://twitter.com/EspressoSys

Astria

https://www.astria.org/

https://twitter.com/AstriaOrg

The Inevitability of UNIchain

https://medium.com/nascent-xyz/the-inevitability-of-unichain-bc600c92c5c4

Espresso on L1 and L2 economic incentive alignment

https://hackmd.io/@EspressoSystems/EspressoSequencer

- -

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

- -

Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.