Consensus integrity refers to the trustworthiness and immutability of the process by which a distributed network agrees on the validity of transactions and the state of the ledger. It ensures that all participants in a blockchain network adhere to predefined rules, preventing fraudulent or unauthorized alterations to the shared record. Maintaining this integrity is fundamental for the security and reliability of any decentralized system.
Context
News concerning consensus integrity often arises when discussions revolve around network security, potential forks, or attacks like a 51% attack. Ensuring consensus integrity is paramount for maintaining user confidence and the functional viability of blockchains, as any compromise can undermine the foundational trust upon which these systems are built.
This paper establishes a rigorous, abstract framework for Maximal Extractable Value, enabling systematic analysis and robust defenses against economic exploits in decentralized systems.
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