โœ… Master Sequencer Mechanics

Understand ordering strategies, MEV risks, and decentralization

Watch how rollups batch transactions

๐ŸŽ“ Key Takeaways

Let's review what you've learned about sequencer queues, transaction ordering, and the path to decentralization.

๐ŸŽฏ

Sequencer Role

  • โ€ขCentral coordinator for L2 transaction processing
  • โ€ขOrders transactions and creates batches
  • โ€ขProvides fast pre-confirmations (~100ms)
  • โ€ขCurrently centralized in most L2s
๐Ÿ“Š

Ordering Strategies

  • โ€ขFIFO: Simple but vulnerable to spam
  • โ€ขGas Price: Revenue generation, enables MEV
  • โ€ขFair Ordering: Cryptographic fairness guarantees
  • โ€ขHybrid approaches emerging in practice
โš ๏ธ

MEV & Censorship

  • โ€ขSequencers can front-run and sandwich users
  • โ€ข$50M+ annual MEV extraction on L2s
  • โ€ขCensorship protection via forced inclusion
  • โ€ขPrivate mempools and MEV-share as mitigations
๐Ÿ›ค๏ธ

Decentralization Path

  • โ€ขStage 1: Single sequencer (current)
  • โ€ขStage 2: Rotation among permissioned set
  • โ€ขStage 3: Sequencer committee with consensus
  • โ€ขStage 4: Fully decentralized (target 2025-26)

๐Ÿงช Knowledge Check

Test your understanding of sequencer queues and transaction ordering. Get 4 or more correct to complete the module!

1. What is the primary role of a sequencer in L2 rollups?

2. Which ordering strategy provides the strongest censorship resistance?

3. What is a sandwich attack in the context of sequencers?

4. What is the main benefit of forced inclusion queues?

5. What approach do 'based rollups' use for sequencing?

โ† Decentralization Path

Complete the quiz to finish this module