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Bankless

Multi-Proposers & The Future Of Ethereum

Sep 1, 2024
Join Max Resnick, Head of Research at Special Mechanisms Group, Charlie Noyes, MEV expert, and Georgios Konstantopoulos, CTO at Paradigm, as they navigate the enticing future of Ethereum. They delve into the innovations behind the Braid framework aimed at improving transaction ordering and tackling the Miner Extractable Value (MEV) dilemma. The trio discusses the shift towards multi-proposer systems, addressing censorship resistance, and the exciting possibilities for Ethereum's scalability. Expect thought-provoking insights on the balance between efficiency and decentralization!
02:00:52

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses the Braid framework's multi-proposer model as a significant shift in Ethereum's block execution strategy, enhancing fairness in transaction ordering.
  • Participants highlight the issue of Miner Extractable Value (MEV) and its historical impact on Ethereum's transaction ecosystem, prompting the need for more equitable solutions.

Deep dives

Introduction of Braid Framework

The Braid framework proposes a new development approach to block execution on Ethereum's Layer 1, shifting from a single block proposer to a multi-proposer model. This structure allows multiple participants to collaboratively create a block, which is believed to enhance fairness and efficiency in transaction ordering. The underlying reason for this change is to address the issues posed by Miner Extractable Value (MEV), where a few individuals could exploit transaction ordering for financial gain. By utilizing this multi-proposer mechanism, Braid aims to mitigate the centralization and corrupting impacts traditionally associated with MEV.

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