The content discusses Miner Extractable Value (MEV), which is a significant risk for blockchain systems. In addition to block subsidies and user fees, more complex contracts and protocols incentivize miners by allowing them to extract value from transactions. This leads to centralization in mining as more complex contracts require costly analysis. Ethereum has experienced significant MEV due to its complex contracts. Proposed solutions, such as Proposer Builder Separation (PBS), have not effectively mitigated censorship risks. The MEVpool proposal aims to address this issue by allowing miners to optimize MEV extraction while maintaining transaction freedom. It involves setting up marketplace relays where MEV extractors can propose transactions and fees to miners. The proposal relies on trust in the relays. An alternative option is the use of Trusted Execution Environments (TEEs) to handle block template construction. However, the implementation of MEVpool may still result in centralization and the potential for coercion by large marketplaces with access to private transaction data. Overall, MEVpool is seen as a bandaid or partial solution to the issue of MEV.



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