There is very little contention in big coin. If i'm spending my own funds, from just spending t o my own yu txo, there's literally nothing that anyone can do to prevent it from being included. A some biccoin transactions, like multisigs, or transactions that span from differenttxos controlled by different parties, potentially could be invalidated by y other parties. And in something like a, like a suma auction, which is a a portical designed by james presswich for a for cross chain dutch auctions between theorium and biccoins. Im ther thers, sort of a proticol there that could potentially create a little more contention....
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