Sequencer
The sequencer serves as a critical component of the rollup architecture, batching and ordering transactions before submitting them to the Ethereum mainnet. Singularity Finance’s sequencer design prioritises fairness, decentralisation and performance.
Key Features:
Transaction Ordering: Prevents front-running and MEV (Miner Extractable Value) by implementing fair ordering algorithms.
Low Latency: Reduces the time it takes for transactions to be confirmed by processing them offchain in near real-time.
Decentralised Sequencing (Future Upgrade): Initially run by trusted operators, the sequencer role will transition to a decentralised network of participants to enhance security and censorship resistance.
Operational Flow:
User Transactions: Submitted to the L2 through wallets or dApps.
Batch Formation: The sequencer aggregates multiple transactions into a batch.
State Commitment: Generates cryptographic proofs and submits them to Ethereum.
Fraud Challenges: Validators can challenge incorrect proofs, ensuring trustless dispute resolution.
Last updated