The launch of the Cero Lotus testnet marks a major milestone in Cero’s effort to revolutionize the blockchain landscape. This testnet isn’t just another step forward – it’s a leap towards a truly decentralized sequencing network that not only tackles the technical challenges faced by rollups but also reimagines their economic model.
Cero Chain: A Network Built of, by, and for Rollups
Cero believes rollups should have full control over their own infrastructure while also benefiting from a broader ecosystem. That’s why Cero is more than just a decentralized sequencer—it’s a network designed specifically for rollups, where they are both the primary stakeholders and the biggest beneficiaries.
Cero looks to unite rollups across settlement layers, i.e. whether you are a rollup that settles on Ethereum or Arbitrum One or ZkSync Era or no L1 at all(sovereign rollups), Cero targets to unify rollups across all ecosystems for better value capture and stability, this is mother of all ecosystems that Cero offers as, Super-system.
Additionally, while Cero identifies as a network of rollups, it remains open to external validators to further improve participation on this security layer. Rollups’ participation ensures that sequencing shall take place however the Super-system seems apt.
Economic Viability Through Diversified Revenue Streams
Rollups today face a major challenge – economic sustainability. The reliance on transaction fees in a single token makes revenue unpredictable and volatile. Cero fixes this problem by customizing the economic model for rollups so to create stable and diversified income streams for rollup operators:
Additional Revenue Streams: Rollup operators participating in Cero’s decentralized sequencer network gain access to block rewards from sequencing blocks across all the rollups within the Super-system. This model extends the rollup operators’ role to serve sequencing beyond just serving their own rollup, thereby increasing the resource utilization & promoting growth.
Multi-Token Yields: Rollups pay a certain percentage of their sequencing fee revenue to a central pool, which is then redistributed back to the rollups in ratio of their own contribution, but in the form of different tokens. This reduces the reliance of rollups on single token’s volatility.
Subscription-Based Model: Cero introduces a flat monthly fee model paid in CERO tokens, ensuring predictable costs while redistributing value within the network to validators – including rollup operators themselves.
This means rollups participating in the Super-system gain financial stability rather than facing economic uncertainty. Plus, Cero is already working on additional mechanisms to further improve rollup sustainability. Stay tuned!
Security & Fairness: Protecting Users’ Transactions
Security is for everyone, especially for end users. Cero ensure that every transaction is protected, fairly ordered, and guaranteed to settle correctly by –
Censorship Resistance – No single entity can censor transactions. By spreading sequencing across multiple participants, Cero ensures fair and neutral inclusion of transactions.
Verified On-Chain Settlements – Cero persists submitted transaction sequences to L1 smart contracts, extending the consensus of the transaction order to the L1s where they can be utilized and proven against by the rollup contracts.
Configurabi– Through decentralized transaction sequencing, Cero prevents unfair advantages like front-running and sandwich attacks, ensuring protection for all users.
By leveraging trust-minimized infrastructure, rollups using Cero gain security guarantees that centralized sequencing solutions simply can’t match.
Configurability & Modularity: Rollups on Their Own Terms
No two rollups are the same, and Cero recognizes that a one-size-fits-all approach does not work for most. That’s why Cero is designed to be highly configurable and modular, allowing rollups to tailor their sequencing and settlement preferences to meet their requirements.
The core framework is designed to extend operations over multiple L1 for settlement and multiple DAs for data storage preferences. This is how Cero intends to create the Super-system of rollups across various ecosystems. Realizing that the preferences of rollups are even more granular, Cero has a big list of other options it looks to work on. Stay tuned!
Cero Lotus Testnet: Your Gateway to the Future of Decentralized Sequencing
The Cero Lotus Testnet is now live, offering the rollups the opportunity to experience the future of decentralized sequencing.
What’s Inside?
Permissioned Network – The current release remains permissioned as they work with the close partners to integrate and experiment with.
Validator & Rollup Onboarding – If you’re interested in early access, get in touch with the team!
Explore the Lotus Testnet
Dashboard – View rollups and sequencing activity on Lotus.
Explorer – Dive into transaction data, blocks, and on-chain activities.
Developer Docs – Read more!
What’s Next?
While the Cero Lotus network is an early-release network, it remains for the purpose of early integrations with their partners and preparing for what comes next. The next launch would be the permissionless and a persistent network, which would be usable for production purposes by testNets across various stacks. To get more details, feel free to reach out .
Source Link: https://cero.network/blog/launching-cero-testnet-small-step-for-cero-giant-leap-for-rollups/