Request For Proposals: Decentralized Sequencer Selection

[cooper-aztecLabs]

[Proposal] Sequencer Selection: Fernet

Update: The latest version of this proposal can be found here. Fair Election Randomized Natively on Ethereum Trustlessly (Fernet) is similar to Whisk-y, Schmequencer, and Irish Coffee in that it relies on randomness for sequencer selection. However, it doesn’t select a fixed set of leaders, but assigns a weight to each of them to secretly rank them. Whether a sequencer chooses to propose a block or not depends on their expected rank. This proposal also draws from B52 in that there’s a strong s…