170 - Burning MEV with Justin Drake and Dom
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Understanding MEV: Congestion, Contention, and Solutions
This chapter explores the concepts of congestion and contention in the blockchain context, particularly focusing on Maximal Extractable Value (MEV) and its effects on block space demand. The discussion highlights strategies like MEV smoothing and the critical role of Proposer-Builder Separation (PBS) in ensuring fair reward distribution and network stability. Through metaphors and case studies, the chapter addresses the challenges of MEV spikes and offers insights into the potential enhancements needed within the Ethereum protocol.
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