Protocol-enforced MEV (Maximal Extractable Value) refers to mechanisms embedded within a blockchain’s protocol design that allow or dictate how block producers can extract value beyond standard transaction fees. This can involve specific rules for transaction ordering or inclusion that benefit the proposer. Such designs aim to formalize and potentially democratize MEV extraction, contrasting with ad-hoc, off-chain methods.
Context
The implementation of protocol-enforced MEV is a subject of active research and debate, particularly concerning its impact on network fairness and decentralization. Discussions often revolve around whether these mechanisms centralize power towards block producers or offer a more transparent and equitable distribution of MEV profits. Analyzing these designs is critical for understanding the economic incentives within blockchain networks and their potential effects on transaction costs and censorship resistance.
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.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
