2min chapter

Bankless cover image

170 - Burning MEV with Justin Drake and Dom

Bankless

CHAPTER

How to Know if a Bid Is Real

PBS basically takes the bids and formalizes the notion of a bid in the Beacon Chain. So there's one value, one bid per block. It could be 10 ETH, it could be 1 ETH,It could be 0.1 ETH, whatever. And now that we know that this is a true oracle value that reflects reality, we can go ahead and burn it.

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