Bidcoin vs Etherium - What's the Difference?

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In bid coin, wena minor reorganizes the block chain. What happens there is that all the other transactions go back into the mampu and then they just reconferm again in the same order. So basi, in bid coin, nobody, except witi ve i, very rare circumstances, is even affected by a double spend that would target in exchange. And that's generaly tofall. You take so base chance. He next year, asay something very briefly about time bene etas, because i actuhad a big change of mind about this topic....

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