3min chapter

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Trent McConaghy & Steve Omohundro: Welcome New Players | Gaming the Future Book Club Chapter 9

The Foresight Institute Podcast

CHAPTER

The Evolution of Front Running and Back Running

The gaming of that message order by the validators or the miners is exactly the thing that enables a new form of front running and back running. You know, there's a transaction coming in, the miner can see the transaction, they put their own transaction both in front of it and in back of it to manipulate market conditions. And this is a very nice example of a flaw in the system that's very much like a security vulnerability. It gets punished very quickly as well by the draining of funds for what should have been a profitable transaction.

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