Summary
Espresso Systems secures $28 million in funding for its shared sequencer solution to improve blockchain scaling and privacy. The company’s technology allows for decentralized sequencing to prevent centralization concerns. Plans for future development include a marketplace for shared sequencing and integration with popular scaling solutions.
Key Points
1. Espresso Systems secured $28 million in a Series B funding round led by a16z crypto.
2. Sequencers on layer-2 scaling solutions create blocks by ordering and processing transactions in a mempool, with most sequencers run by rollups in their own execution environments.
3. Espresso Systems has introduced the shared sequencer network, a chain-agnostic, distributed consensus system that rollups can use to ensure decentralized transaction ordering.