The Ethereum protocol is a decentralized, open-source blockchain system that enables the creation and execution of smart contracts and decentralized applications (dApps). It functions as a global, programmable computer, allowing developers to build and deploy applications without intermediaries. The protocol establishes rules for transaction validation, state transitions, and network consensus.
Context
The Ethereum protocol is currently undergoing significant development, most notably with its transition to Proof-of-Stake and ongoing efforts to improve scalability and reduce transaction fees. Discussions frequently address the impact of these upgrades on network security, decentralization, and the broader ecosystem of dApps and DeFi protocols. Monitoring developments related to the Ethereum protocol is crucial for understanding shifts in the blockchain landscape and the future of decentralized computation.
This research introduces Execution Tickets, a protocol-integrated mechanism to distribute Maximal Extractable Value, fostering a more equitable and robust blockchain economy.
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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