Injective Teams Up with Espresso Systems to Pioneer Decentralized Rollups
Injective is excited to announce its collaboration with Espresso Systems, a protocol helping to create decentralized rollup sequencers.
This collaboration marks a significant step towards bringing decentralization to rollups built within Injective’s ecosystem, most notably Cascade, the first-ever Solana SVM rollup for Injective and the broader IBC ecosystem.
What is Espresso Systems?
Espresso System builds tools and infrastructure that create more safe, open, and performant options for interacting and transacting on-chain. A core offering of its services is the Espresso sequencer, which plays a crucial role in enabling rollup decentralization and improved interoperability in the context of Layer 2 scaling solutions.
It is designed to facilitate fast and efficient processing of transactions while maintaining a decentralized approach, ensuring credible neutrality, security, and fairness in the transaction validation process. The sequencer achieves this without sacrificing the user experience typically associated with single centralized sequencer systems. Espresso Systems is backed by some of the leading firms in the industry such as Electric Capital, Greylock Partners, Sequoia Capital, and Polychain Capital.
How does this affect the Injective community?
Espresso’s shared sequencer solution plays a crucial role in enabling rollup decentralization and enhanced interoperability, without compromising the fast user experience provided by a single centralized sequencer. Moreover, the Espresso platform provides rollups with a highly scalable data availability layer, offering a cost-effective and decentralized data availability (DA) solution with robust guarantees.
A first milestone in the collaboration will be a testnet integration with Cascade which will mark a milestone in Injective’s journey towards establishing fully decentralized sequencer frameworks for Injective rollups, without sacrificing the blazing fast speeds our users have come to rely on. Once the successful testing phase is completed, a mainnet deployment will commence in early 2024. Future users of rollups on Injective can expect exceptional low latency while maintaining confidence that their transactions are being processed in a decentralized, censorship-resistant, and fair manner.
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
About Espresso Systems
Espresso Systems are the developers of the Espresso Sequencer, supporting the decentralization of rollups in the Ethereum ecosystem and beyond. Espresso Systems has raised over $30mm from backers like Electric Capital, Greylock Partners, Sequoia Capital, and Polychain Capital.