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6 posts tagged with "flashbots"

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· 12 min read

Central to the security of Ethereum is that every miner, and soon validator, can produce the most profitable block possible. Why is this? Why has Flashbots made it a goal to democratize access to the most profitable blocks? How are we doing so? This blog post answers these questions and more.

· 6 min read

The beating heart of every blockchain is how space is allocated within a block. In less than 24 hours, Ethereum will undergo a historic change to how blockspace is allocated as transaction inclusion rules drastically change with the activation of EIP-1559. However, EIP-1559 does not affect miners’ ability to reorder, insert, or censor transactions, and as such it largely does not have an impact on MEV (Maximal Extractable Value).

· 8 min read

There has been a lot of discussion in the Ethereum community recently about chain-reorgs-as-a-service, and how it relates to MEV, the ETH2 merge, and other important ecosystem developments. In this post, we will provide a high-level overview of why Flashbots does not support reorg games, why we believe reorg games are a net-negative for all actors in the space (including miners!), and how the unique nature of the Flashbots organization is set up to respond to this and future political and technical challenges.

· 14 min read

We took the first deep look at MEV and released our findings through MEV-Explore, a public dashboard and live MEV transactions explorer. After scraping the Ethereum blockchain starting from the first block of 2020, we’ve classified more than 1.3M MEV transactions and found a total of at least $314M worth of Extracted MEV since Jan 1st 2020, as well as $4.5M wasted gas fees on failed MEV transactions, equivalent to 4,500 Ethereum blocks of wasted blockspace.

· 9 min read

Flashbots is a research and development organization formed to mitigate the negative externalities and existential risks posed by miner-extractable value (MEV) to smart-contract blockchains. We propose a permissionless, transparent, and fair ecosystem for MEV extraction to reinforce the Ethereum ideals.