Cryptocurrency Proof of Work Systems

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In proof of work systems, miners are participating in this kind of probablistic lottery. The first miner to win is the party that can create a new block in the system. But two minors might win this probably lottery at the same time,. And because of network propagation delays, you may not know that another party has os lottery. Theyhe've successfully created and sealed a blocka. As a note, in the system, are minor. You need to decide which of these two winners of the probeystica lottery, which of these two new blocks you should append to your ledger.

For our latest episode, I sat down with MEV Senpai, one of the top searchers in Ethereum. He gave us the unique inside perspective of someone who finds and captures MEV himself. The result was a long & intense convo, one of the best I've had in a while.

We discussed:

The structure and actors of the MEV game
What is searching, how can you learn it, what edges exist
Intro to private relays and transaction bundles
The role of Flashbots in DEX trading
and, of course, the hot topic of the day: short-term reorgs in Ethereum

Enjoy!

Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services.

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