Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Vitalik: Setting up multiple MEV proposers may lead to chain spam problems and bring more negative externalities

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!