Will Based Rollups Change the Ethereum Ecosystem Landscape Taiko and Puffer Lead the Way in Orderless Rollups
Recently, Taiko issued tokens, and Ethereum researcher Justin Drake reiterated the Based Rollups concept he proposed a year ago on Twitter, stating that Based Rollups would be the endgame. This has strengthened the market’s focus on this technology. This article will introduce the recent developments in Based Rollups.
Justin Drake: Based Rollups to Embrace the Endgame
What issues does Based Rollups aim to solve: Sequencer
Complexity in Rollups design
Centralization in Rollups sequencers
Introduction to Based Rollups: Removing Sequencers
Architecture of Based Rollups
Advantages of Based Rollups
Disadvantages of Based Rollups
Introduction to Based Rollups Projects
Taiko
Puffer Finance
Innovative Drive of Based Rollups for Ethereum
Justin believes that the ecosystem will be driven by two major technologies in the near future, Based Rollups and Pre-Confirmation (preconf). He has organized related projects and infrastructure for both technologies, emphasizing that Based Rollups will bring the endgame, showing his expectations for this technology.
Regarding the current issues in Rollups design, Based Rollups emerged attempting to directly remove the role of the sequencer. Instead of adding more preventative measures and compromise designs, Based Rollups aims to think of other solutions.
Based Rollups eliminates the role of the sequencer in its design and entrusts the sorting work to L1 nodes, specifically Layer1 searchers or anyone who can submit transaction information to Layer1 proposers. This process is permissionless.
Based Rollups advantages include maintaining Layer2 liveliness similar to the mainnet, decentralization, increased protocol security, and economic models integration with Layer1. However, the lack of a sequencer in Based Rollups design leads to disadvantages such as no MEV income and reduced sorting flexibility.
Taiko is the first Layer2 project designed based on Based Rollups architecture, claiming to be the first ZK-EVM type. Puffer Finance, an Ethereum re-staking project, is closely related to Based Rollups due to its verification node operations.
Based on the innovative design of Based Rollups, it is expected to disrupt the existing ecosystem and projects, potentially leading to significant changes in the industry. The community is discussing Based Rollups as a disruptive innovation that may not require zero-knowledge proofs, proof aggregation layers, or external data availability layers in the future. This novel concept challenges the traditional Layer2 projects and offers a new architecture to address user needs better.
