In an exciting development, the decentralized, native multichain infrastructure startup, dWallet Network, announced today its plans to potentially establish a novel sequencing marketplace for Zero Knowledge Proof-based rollups on Espresso. By collaborating with Espresso, dWallet Network aims to facilitate the auction of rollup sequencing time slots and even the transfer of control of entire rollups to third parties, utilizing dWallet’s innovative Zero Trust Framework.
Sequencers on Layer-2 rollup networks like zkSync, Loopring, and StarkWare are crucial for processing transactions by organizing and executing transactions before sending them to validators. While most sequencers are typically operated by the rollups themselves, concerns around trust and centralization have sparked a growing demand for outsourcing sequencing. This is where the strategic partnership between dWallet Network and Espresso holds promise.
dWallet Network specializes in dWallets, which leverage cryptographic signatures as the default authentication method for blockchains. By using dWallet-generated signatures that are indistinguishable from regular users, Zero Trust Protocols can operate seamlessly across any network without the need for a bridge. This unique capability will empower the transfer of ownership of rollups through the Espresso marketplace.
Under the proposed initiative, dWallet plans to implement a Zero Trust Protocol in Espresso to facilitate the transfer of control of a rollup’s smart contract to the highest bidder. This groundbreaking auction mechanism will enable the open market to determine the value of the rollup economy, marking a significant shift in the industry.
If successful, Espresso will act as a platform connecting sequencers (buyers) with rollups (sellers). Rollups may opt to outsource sequencing for various reasons, such as enhancing decentralization or maximizing value. Sellers can establish a minimum reserve price and offer sequencing rights as slots defining specific time periods or sell their entire sequencing rights.
This innovative concept has the potential to revolutionize the rollup marketplace, allowing individuals or DAOs to invest in rollups and create more sophisticated ownership structures. Co-founder of dWallet Network, Omer Sadika, expressed excitement about the partnership, emphasizing the opportunity to sell an entire rollup for the first time and revolutionize the Layer-2 network marketplace.
Benedikt Bunz, chief scientist at Espresso, shared his enthusiasm, envisioning dWallet’s ZTP as the catalyst for broader possibilities, including pricing and transferring entire rollups. The collaboration aims to create a more secure modular blockchain ecosystem, fostering innovation and adoption of rollup technologies while offering richer experiences to end-users.
Overall, dWallet Network and Espresso are optimistic that their partnership will spark innovation and drive the adoption of rollup technologies, ushering in a more democratic and efficient rollup ecosystem. Their shared goal is to provide a solid foundation for developers and users to explore new possibilities and enhance the overall blockchain experience.