Demex Daily #183: Metis Launches Decentralized Ownership in Ethereum L2 Scaling

What’s Interesting Today:

Ethereum Layer 2 scaling solution Metis is progressing towards full decentralization by becoming the first L2 to allow shared network ownership through a decentralized sequencer model. This model permits external sequencer node operators to partake in the network, granting them substantial governance rights and a share in the network's revenue, which includes sequencing rewards and fees. The introduction of decentralized sequencer (dSeq) nodes enhances Metis's resistance to censorship and transaction manipulation, reducing risks associated with centralized sequencers. The first batch of node operators will be selected via community voting, adding robust decentralization and reliability to Metis by eliminating single points of failure and promoting network growth, security, and stability. This move aligns with Ethereum's vision for decentralized scaling solutions.


Matter Labs has announced ZKsync 3.0, which introduces an "Elastic Chain" in the ZKsync ecosystem, resembling Polygon's AggLayer. This new architecture integrates multiple individual chains into a single seamless user experience, promoting interoperability within the ZKsync ecosystem. The Elastic Chain, detailed in the v24 upgrade, comprises interconnected rollups, validiums, and volitions, all secured by smart contracts on Ethereum. The design includes a Native Token Vault, Shared Router, and ZK Gateway, enhancing transaction efficiency across chains while maintaining Ethereum's security. This development reflects a broader trend toward enhancing interoperability across different blockchain ecosystems.