Ethereum

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 create stories at https://stories.steer.fun

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

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

Wrote lil here

https://x.com/ayush_modi_/status/1798921801562788054

Spire is building the Based Stack. spire.dev

Hey, working on based rollups at @spire 
@chaskin.eth 's answer was great! Happy to answer any further questions

It means they use the L1 for sequencing rather than spinning up their own. How exactly it works, I have no idea