MEV, or Miner Extractable Value, represents the profit that block producers can obtain by strategically including, excluding, or reordering transactions within a block. This profit is derived from the ability to manipulate transaction order to their advantage, often through front-running or sandwich attacks. MEV is a complex economic phenomenon inherent in many blockchain architectures. Its existence raises questions about fairness and network efficiency.
Context
MEV is a significant area of research and development in the blockchain space, particularly concerning its implications for transaction ordering and network fairness. Efforts to mitigate negative MEV impacts or to distribute its benefits more equitably are ongoing. Its presence influences how transactions are processed and the economic incentives of validators.
This research establishes a foundational mathematical framework for Maximal Extractable Value, enabling rigorous analysis and provably secure defenses against economic exploitation.
This research introduces a formal, abstract model for Maximal Extractable Value, enabling systematic analysis and the development of provably secure blockchain protocols.
This research introduces a novel batch-processing mechanism for Automated Market Makers, fundamentally mitigating Miner Extractable Value and fostering equitable transaction execution.
This research establishes a rigorous theoretical framework for Maximal Extractable Value (MEV), enabling systematic analysis and the development of provably secure blockchain protocols.
Researchers introduce a formal theory of Maximal Extractable Value, providing a rigorous framework to understand and counter economic attacks in decentralized systems.
This research establishes a formal theory of Maximal Extractable Value (MEV) through an abstract blockchain model, enabling rigorous security proofs against economic attacks.
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