What Is MEV?

MEV is called minor extractable value. It basically refers to the amount of value that miners can extract from a blockchain. Miners can do things like change the order that transactions are included in theBlockchain. They can censor certain transactions by just not including them into their blocks. And they can also add their own transactions in, just like anyone else on these permissionless networks can create a transaction.

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In this week’s episode, Anna and James Prestwich chat with Phil Daian and Stephane Gosselin from the Flashbots project. Flashbots is a research and development organization formed to mitigate the negative externalities and existential risks posed by miner-extractable value (MEV) to smart-contract blockchains

They talk about the Flashbots organization and mission as well as the evolving opportunities and dangers lurking in the mempool.

Miner extractable value (MEV) is a measure devised to study consensus security by modeling the profit a miner (or validator, sequencer, or other privileged protocol actor) can make through their ability to arbitrarily include, exclude, or re-order transactions from the blocks they produce.

Here are some links to previous episodes, the project & MEV:

Discussing Plasma and Storage Rent with Karl Floersch and Phil Daian
Storage rent with Phil Daian
Monsters in the Mempool with Dan Robinson from Paradigm on Zero Knowledge Podcast
Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges
Flashbots: Frontrunning the MEV crisis on the Flashbots blog
Flashbots post on Ethresear.ch
Flashbots
Flashbots Alpha
MEV research roadmap
Flashbots MEV Fellowship - collective research process
MEV Roast Calendar

In case you missed the announcement - zkSessions: DeFi+Privacy has been postponed until Feb 22. Grab your free spot here -> https://hopin.com/events/zksessions-defi-and-privacy

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Optimism PBC is a Public Benefit Corporation (PBC) building the Optimistic Ethereum Network and the Optimistic Virtual Machine to keep Ethereum half-full.

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