Equal treatment for all network participants. Protocol level fairness refers to the design principle within a blockchain or decentralized protocol that aims to ensure all users and transactions are processed without undue preference or discrimination. This objective seeks to prevent malicious actors, such as block producers, from gaining unfair advantages through transaction reordering or censorship. It contributes to a more equitable and predictable operating environment for decentralized applications. Achieving this is vital for maintaining user trust and network integrity.
Context
Protocol level fairness is a critical and ongoing debate in blockchain development, especially in discussions surrounding Miner Extractable Value (MEV) and transaction ordering. Researchers and developers are actively working on various solutions, including fair sequencing protocols and proposer-builder separation, to mitigate front-running and other forms of exploitation. Future advancements will likely involve more sophisticated cryptographic techniques and consensus mechanism refinements to harden protocols against unfair practices, ensuring a truly permissionless and equitable digital economy.
The new Proof-of-Encryption consensus, powered by Threshold Encryption, cryptographically eliminates MEV by keeping transactions private until finality.
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