Decentralized Block Ordering is a method where the sequence of transactions within a blockchain block is determined by multiple independent entities rather than a single centralized party. This approach enhances fairness and resistance to censorship by distributing control over transaction inclusion. It aims to prevent any single actor from unfairly prioritizing or excluding specific transactions. This contributes to network impartiality.
Context
The pursuit of decentralized block ordering is a critical area of research and development in blockchain technology, particularly concerning Maximal Extractable Value (MEV). Efforts focus on designing protocols that minimize the ability of block producers to extract value through preferential transaction ordering. Its implementation is expected to foster a more equitable and robust transaction environment.
The Mutually-Assured-Destruction DAG protocol introduces a novel ledger function that destroys competing block content, fundamentally eliminating MEV-based selfish mining incentives.
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