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!
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MEV History
- Early Ethereum MEV involved priority gas auctions, where traders competed for on-chain opportunities.
- Miners later got involved, leading to the creation of Flashbots, which offered transparent MEV infrastructure.
MevBoost and Censorship
- The move to Proof-of-Stake shifted from MevGeth to MevBoost, changing how PBS functions.
- MevBoost involves block builders bidding on full blocks, which validators then include, raising censorship concerns.
Increased Participation with MevBoost
- A key distinction between MevGeth and MevBoost lies in increased participation.
- MevBoost allows anyone, even solo stakers, to participate, unlike MevGeth's limitation to trusted mining pools.