Is Miner Extractable Value (MEV) an existential threat to Ethereum? | Vitalik Buterin
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- Опубліковано 28 вер 2024
- Lex Fridman Podcast full episode: • Vitalik Buterin: Ether...
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Vitalik Buterin is the co-founder of Ethereum.
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Easy part : Throw cash at it.
Hard part : Getting that cash.
🤭
“so far, it’s being solved”. jaredfromsubway says otherwise
MistX flashbots fixes this.
Can you elaborate more , what I know that you tip miners instead of paying gas fees
Pulsechain fixes this this issue :>
Can you explain how Pulsechain avoids MEVs?
@-whackd By 'hiding' the mempool, it will be one way
Gotta love OFAC ;)
Mistx by alchemist coin
#automata network
Cowswap and MistX...2 different AMM...with 2 different approach of solving MEV issue....try it...you guys gonna love it !
Cowswap? Lmao… sounds promising and like something I want to put my money into.
@@stevenyaegerr cowswap has been made by the founders of Gnosis, so I wouldn't have any problem putting my money in it
You are also missing ArcherSwap
@@stevenyaegerr its very good
On the back of my rear windshield I have the words "JUST SHARDED".
Smith Scott Rodriguez Donna Moore David
Buy CORGIB…. Double your money
Sharding, scaling - mention both prevalence in POW and pos , block proposers, the ability to choose which transactions to include in certain order, to increase the economic gains other than transaction fees, Also do not like the categorization of insider trading and front running (instead, front running is a special case of insider trading), mention the word, arbitrage strategies, -- the reasons for concern is that it provides much more incentive much more economies of scale for centralization , sophisticated algorithms, (centrliazatuon in terms of talents, technology, operations, etc.) flashbots, fire a wallet, bundles of transactions, separate the task, dimble blocknpropsers, accept the highest bid, economic design philosophy, solution you contain it, you separate it to be away of the layer that needs to be most decentralized,
⚡️🤖⚡️
It’s my understanding that Hedera Hashgraph avoids the MEV issue. Is this correct? Are there any other protocols that aren’t susceptible to this issue?
Algorand prevents front running and sandwiching blocks, and most other consensus protocols that don’t rely on delegates. Algorand uses Verified Random Functions to randomly select validators instead of the highest bidder. VRF is a highly effective encryption method invented by Silvio Micali the founder of Algorand and considered the grandfather of encryption. VRF consensus is also a major component that contributes to Algorand being quantum resistant.
@@AxiomPrime69 thanks for this info. Do you know what it is specifically about delegation that makes MEV possible? For example, my understanding is that Cardano’s Ourobouros also uses VRF to select the block producer for each slot.
Sharting. Once you hear it you can’t unhear
Nano fixes this for basic digital money. Because there is no secondary utility in Nano, the only motivation is to process transactions quickly to support the network. Its one of the reasons Nano doesn't have any smart contracts.
I think cardano got around the centralization by having staking rewards drop when a node is oversaturated.
Cardano doesn’t even have smart contracts. Otherwise they too would have an MEV problem. Every blockchain on the planet with smart contracts capability has to deal with MEV, there is currently no solution.
@@Glock7eventeen I heard that it was impossible for non-validators to frontrun transactions on cardano since the transection fees are determined the same way for everyone. If you submit a Transaction with the same content as my transaction, the fees calculated will be the same. Though stakepools which have been designated slot leader will be able to frontrun, there could be punitive action put into place for pools that engage in frontrunning. This coupled with peoples ability to unstake at any time allows for people to move their ADA to pools not engaging in bad behaviour.
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Nobody is front running ETH (not held) in an agency capacity. I trade volarb for a living and he should stick to his knitting.