Block construction decentralization refers to the distribution of power and responsibility for assembling transaction blocks across numerous independent entities within a blockchain network. It aims to prevent any single party from gaining undue control over transaction ordering or censorship. A higher degree of decentralization strengthens the network’s resistance to manipulation and external pressure. This distribution is fundamental to the integrity and security of many digital asset systems.
Context
The current discourse often highlights challenges in maintaining block construction decentralization, particularly with the rise of specialized block builders and relayers. Debates concern mechanisms like Proposer-Builder Separation (PBS) designed to distribute block production roles more widely. News reports frequently cover efforts to mitigate centralization risks and enhance the distributed nature of block creation.
An economic model reveals that Proposer-Builder Separation, using Execution Tickets, concentrates MEV extraction among high-capital buyers, fundamentally challenging decentralization.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
