Decentralized Sequencer & Verifier

Decentralized Sequencer​

Sequencers are critical components within a Layer 2 network. When a single sequencer goes offline, the entire transaction processing system can be disrupted, significantly impacting network functionality. While users can still submit their Layer 2 transactions directly to Layer 1, this workaround could be more optimal. Transactions may take much longer to finalize, resulting in a subpar user experience and potential issues for time-sensitive transactions.

Moreover, a centralized sequencer presents several risks, including the possibility of censoring user transactions, acting as a single point of failure, and facilitating harmful Miner Extractable Value (MEV) scenarios. ISME Chain leverages advanced technology to address these challenges and implement a dual-stake model to establish a robust and high-speed decentralized sequencer network.

This model incorporates the ISME token and restaked ETH from EigenLayer, enhancing overall network security. Participants can contribute by operating a node or staking with their chosen AVS operators to earn a share of the network rewards.

Decentralized Verifier​

In Optimistic rollups, the network security hinges on at least one trustworthy entity verifying the accuracy of the state claims made by rollup operators on Ethereum. This verification ensures that the state transition function correctly executes across transaction sequences, aligning with the previously verified state.

ISME Chain has developed a decentralized verification network that employs the same dual-stake model to check and challenge the rollup’s state rigorously. Like the sequencer network, users can participate by setting up a node or staking with their preferred node operator to share in the network rewards.