Decentralized, native multichain infrastructure startup dWallet Network said today it is exploring the possibility of creating a new sequencing marketplace for Zero Knowledge Proof-based espresso rollups. The two collaboration partners are said to be working on ways to enable the auction of rollup sequencing time slots and even transfer control of an entire rollup to third parties, using dWallet’s Zero Trust Framework.
Sequencers on Layer-2 rollup networks such as zkSync, Loopring, and StarkWare play a key role in processing transactions. They perform the task of creating blocks by ordering and processing transactions before sending them to validators. Normally, most sequencers are managed by the rollups themselves, but in the decentralized world this practice is not ideal as it raises concerns about trust and centralization. As such, there is a growing demand for outsourcing sequencing, and this is where the partnership between dWallet Network and Espresso could pay off.
dWallet Network is the developer of dWallets, which use the cryptographic signatures that are the standard authentication method of blockchains. From the network’s perspective, the signatures generated by dWallet are indistinguishable from those of regular users. With its dWallets, Zero Trust Protocols can operate over any network without the need for a bridge, and it is this capability that allows ownership of rollups to be transferred via the Espresso marketplace.
Under the proposed initiative, dWallet said it will deploy a Zero Trust Protocol in Espresso that can transfer control of a rollup’s smart contract to the highest bidder. It’s an entirely new auction mechanism that will allow the open market to dictate the value of the rollup economy, dWallet Network believes.
If the plan is implemented, Espresso will be able to connect sequencers (buyers) to rollups (sellers). Rollups may outsource sequencing for a number of reasons, such as to increase decentralization or gain more value than if they were to perform sequencing exclusively. Rollups can set a minimum reserve price and can sell sequencing rights as “slots” that define a specific time period, or alternatively sell their entire sequencing rights.
It’s an idea that could transform the rollup marketplace, allowing individuals or DAOs to invest in rollups and build more sophisticated ownership structures around them, according to dWallet Network.
dWallet Network co-founder Omer Sadika said the partnership will introduce the ability to sell a full package for the first time, paving the way for a more dynamic and efficient marketplace around Layer-2 networks.
Espresso’s chief scientist Benedikt Bunz was even more enthusiastic, saying dWallet’s ZTP could pave the way for an even broader vision that allows full rollups to be priced and transferred.
“We are excited to partner with dWallet to explore our shared vision of creating a better and more secure modular blockchain ecosystem,” he said.
dWallet Network and Espresso said they are optimistic that their partnership will ultimately help catalyze the innovation and adoption of rollup technologies and create new opportunities for developers. Ultimately, they hope to lay the foundation for a more democratic and efficient collaborative ecosystem that delivers richer, more useful experiences to end users.
