Decentralized block production refers to a blockchain network architecture where the responsibility for creating new blocks is distributed among multiple independent participants rather than being concentrated in a single entity. This approach enhances network censorship resistance and reduces single points of failure. Multiple nodes contribute to the process of ordering transactions and forming valid blocks according to the protocol’s rules.
Context
Decentralized block production is a core tenet of many public blockchains, aiming to uphold the principles of distributed ledger technology. Debates within the community often center on the degree of decentralization achieved, the incentives for participants, and the potential for validator collusion or cartel formation. Analyzing the mechanisms that ensure and measure this decentralization is critical for assessing a network’s robustness and its resistance to adversarial control.
This research introduces "Execution Tickets," a novel mechanism to integrate and redistribute Maximal Extractable Value directly within the Ethereum protocol, enhancing network fairness and security.
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