ok i'll bite - what is a based rollup?

https://x.com/drakefjustin/status/1798734295332274408

cypherpunk wannabe, engineer working on @frames /open-frames /opencast
https://stephancill.co.za

Simplified version: Instead of being run by the L2 organization, the sequencer (which orders L2 transactions, creates L2 blocks, and posts them to L1) is actually operated by Ethereum L1 block builders

@justindrake argues this is the most credibly neutral way to sequence L2 blocks

/ethereum #RunANode | control the memes control the minds paragraph.xyz/@chaskin

That's exactly right :) Based sequencing is when the base layer (i.e. L1 proposers) sequence L2 blocks.

Based sequencing is the most credibly neutral (shared) sequencer and allows for synchronous composability between the L1 and L2s.

The arguments he makes for why it is (check out the video 32:45) are very strong and I think eventually most people will share this perspective

I phrased my initial response cautiously because it's still early especially since no based rollups were live until recently

www.youtube.com/watch?v=YqiCpLd8ecM&t=2987s

I like baking and building apps on web3 protocols. DevRel @ ENS Labs. gregskril.com

sounds like you might a different view re the most credibly neutral way to sequence L2 blocks?