Blockchain Decentralization signifies the distribution of control and decision-making across a network rather than concentrating it in a single entity. This attribute ensures that no single point of failure exists and enhances censorship resistance. It is achieved through distributed ledger technology where data is replicated and synchronized across numerous nodes.
Context
The discourse on Blockchain Decentralization is central to understanding network security and governance models. Current debates often revolve around the trade-offs between decentralization and scalability, with varying consensus mechanisms attempting to address this challenge. Future developments are expected to focus on enhancing layer-2 solutions and exploring novel approaches to distributed consensus to bolster true decentralization.
This research introduces Execution Tickets, a novel mechanism to integrate Maximal Extractable Value directly into the Ethereum protocol, shifting value capture from external entities to the network itself.
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