A groundbreaking startup known as dWallet Network has announced today that they are considering the development of a new marketplace for Zero Knowledge Proof-based rollups on the Espresso platform. Collaborating with Espresso, they are exploring ways to allow the auctioning of rollup sequencing time slots and even the transfer of control of a complete rollup to third parties, utilizing dWallet’s innovative Zero Trust Framework.
Sequencers on Layer-2 rollup networks like zkSync, Loopring, and StarkWare play a crucial role in processing transactions by ordering and processing them before sending them to validators. While most sequencers are typically operated by the rollups themselves, this centralized practice raises concerns about trust and centralization in the decentralized world. This has led to a growing demand for sequencing to be outsourced, which is where the partnership between dWallet Network and Espresso comes into play.
dWallet Network specializes in dWallets, which make use of cryptographic signatures as the primary authentication method for blockchains. These dWallet-generated signatures are virtually identical to those of regular users, allowing Zero Trust Protocols to operate seamlessly across any network without the need for a bridge. This unique capability will enable the transfer of rollup ownership via the Espresso marketplace.
In the proposed initiative, dWallet plans to implement a Zero Trust Protocol in Espresso that can transfer control of a rollup’s smart contract to the highest bidder. This novel auction mechanism will empower the open market to determine the value of the rollup economy, according to dWallet Network.
If successful, Espresso will be able to connect sequencers (buyers) with rollups (sellers), providing rollups with the opportunity to outsource sequencing for various reasons, such as increasing decentralization or maximizing value. Rollups will have the option to set a minimum reserve price and sell sequencing rights as time slots or the entire sequencing rights package.
This innovative approach has the potential to revolutionize the rollup marketplace, enabling individuals or DAOs to invest in rollups and establish more complex ownership structures around them, dWallet Network stated. Co-founder Omer Sadika expressed excitement about the possibility of selling an entire rollup for the first time, paving the way for a more dynamic and efficient marketplace for Layer-2 networks.
Espresso’s chief scientist, Benedikt Bunz, shared his enthusiasm, suggesting that dWallet’s Zero Trust Protocol could lead to an even broader vision where entire rollups could be priced and transferred. He expressed eagerness to collaborate with dWallet to create a more secure and modular blockchain ecosystem.
Both dWallet Network and Espresso are optimistic that their partnership will drive innovation and adoption of rollup technologies, opening up new opportunities for developers. Ultimately, they aim to establish a more democratic and efficient rollup ecosystem that offers enhanced experiences to end users.