What it means
The operator of a layer 2 that puts transactions in order and bundles them for the main chain.
On Base, the sequencer is run by Coinbase today. If it pauses, transactions wait until it's back.
How it works
Funds stay recorded on Ethereum either way.
Related terms
| Term | What it means |
|---|---|
| Rollup | A kind of layer 2 that rolls many transactions into one batch and posts it to the main chain. |
| Layer 2 | A network built on top of a main blockchain such as Ethereum that handles transactions faster and for less. |
| Base | A public blockchain built by Coinbase that runs on top of Ethereum, with low fees and fast confirmations. |
This glossary explains terms in general. It isn't investment, tax or legal advice.