Blockcand Stability - Shouldn't We Asuse Us?

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P one five nine is very beneficial for blockcand stability, because it creates the consistent er incentive for the blockand to move forward. It removes some of the lest stabilizing effect that transaction fees have,. So totally ral one. One of the thoughts of if we think that all that al er benign mv the blocks and more secure, and could be used on the other end, to lower the block like the blocks of sevi which means there's less inflation for holders and so on. I would agree with their general thinking, but i think that it is based on a flawed assumption that, firstly, thereis only benign mv. And secondly, even if there is no...

Today, I brought on Dan Robinson and Georgios Konstantopoulos, who are both research partners at Paradigm. Together, we explore the topic of MEV, or “Miner Extractable Value”.

Blockchains like Ethereum have this dirty little secret that, while in most regards they are very decentralized, the ordering of transactions within a single block is actually completely in the hands of a single miner. They can insert their own transactions, rearrange those of users, or even censor them completely.

MEV describes how much value a miner can extract from users and other miners by using these powers to their advantage.

If you’ve never looked into MEV before, I think you’ll be both shocked and fascinated by the complexity and sophistication of the war that’s raging inside Ethereum’s memory pool. Enjoy

Dan Robinson https://twitter.com/danrobinson

Georgios Konstantopoulos https://twitter.com/gakonst

Hasu https://twitter.com/hasufl

Flash Boys 2.0 (Daian et al) https://pdaian.com/flashboys2.pdf