DYdX Founder Antonio Juliano in Unique Interview Discusses Blockchain’s Migration to Cosmos

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Juliano: I do strongly consider that layer 2s will get to a degree the place the sequencer is a community, reasonably than only a single operator. And that can make the sequencers way more decentralized, censorship-resistant. However the issue with having a single sequencer on layer 2’s proper now’s, the one sequencers aren’t censorship-resistant, proper? It is similar to, actually a server, and the server can refuse to course of your transactions if it needs to. Like, I am not making an attempt to choose on anybody, like actually all of them are like this, however let’s simply take like Coinbase or Base for instance. Coinbase is actually operating a server that’s the sequencer for the Base chain. And in the event that they need to reject your transaction, for no matter cause, they’ll try this. And, you already know, I feel they’re making an attempt to be as neutral as potential. And that is superior. However that’s not completely decentralized, I’ll say. And simply to show the purpose that I sort of perceive a lot of the arguments at the very least, OK, there is a solution to get across the censorship-resistance switches. Successfully, you’ll be able to return to layer 1, and ship a transaction to layer 1 and be like, Oh, Coinbase, it’s important to embody my transaction now as a result of I went to the layer 1. However that is a horrible product expertise, proper? Like possibly that works for some edge instances, or if just like the lower than 1% of the time when, for some random cause any person’s being centralized by a sequencer. But when there is a good quantity of alternative for a large quantity of the transactions to be censored on a given sequencer, for no matter cause, then this might not be one thing that you really want in your community as a lot.

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