Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Vitalik: Setting up multiple MEV proposers may lead to chain spam problems and bring more negative externalities

Odaily2024/07/05 00:51
By:Odaily
Odaily News Max Resnick, head of research at SMG, wrote on X: MEV is fundamentally about control. Proposers can control which transactions are included in the block and in what order they are included. In other words, MEV is censorship and reordering. The good news is that it is possible to solve this problem. The first step is to solve censorship resistance and set up multiple parallel proposers; the second step is to solve the reordering problem. Once there is a multi-proposer architecture, the proposers can reach a consensus on a set of disordered transactions, and the execution layer is responsible for sorting them using deterministic rules. In response, Vitalik Buterin said: Wouldnt this lead to people collecting MEVs by flooding the chain with transactions, thereby maximizing the chance of being the first? So you still get the MEV auction, but there are more negative externalities on the protocol. We saw this in the ICO era in 2017, when some projects tried to ban transactions with Gas fees higher than 50, and as a result we received a lot of on-chain spam.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Whales Accumulate Chainlink Amid Potential Price Drop

Cryptodnes2024/07/10 10:01

The total TVL of the prediction market sector exceeded 77 million US dollars, setting a new record high

Cointime2024/07/10 09:53

1,490 BTC transferred from unknown wallet to B2C2, worth $87,184,175

Cointime2024/07/10 09:53

Renzo TVL fell 42.42% in the past month to $2.234 billion

Cointime2024/07/10 09:53

‌Spot copy trading

More
AIOnline
AIOnline
insight999/1000
10021.3%
ROI
Total profit $51108.61
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1335.24%
ROI
Total profit $3877.04

Bot copy trading

More
Morgee
Morgee
insight80/150
$16485.01
Total profit
Total subscriber profits $-226.44
GoldenEgg
GoldenEgg
insight148/150
$3228.53
Total profit
Total subscriber profits $-284.87