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

Bitget App

Trade smarter

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.

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.

Cryptopolitan•2025/04/06 03:22

Meta to end third-party fact-checking in U.S. on April 7

Share link:In this post: Meta will shut down its U.S. third-party fact-checking program on April 7, 2025, ending partnerships with groups like PolitiFact. It will be replaced by Community Notes, a system that lets users add context to posts without triggering penalties. Zuckerberg criticized the old system as biased and overly censorious, and said the change aims to support free speech. Meta is also relocating its moderation teams to Texas, a move some experts say is politically motivated.

Cryptopolitan•2025/04/06 03:22