“Proof-of-HUMANity” could also thwart front-running DeFi bots.
The anonymous hacker who first discovered "Miner Extractable Value" returns with a warning: The integrity of Ethereum is at stake.
Also called “miner” extractable value, MEV is crypto’s version of Wall Street front-running.
A DeFi trader tricked Ethermine's sandwich bot into purchasing "Salmonella" and "Listeria" tokens for some 130 ETH.
Maximal Extractable Value (MEV) has netted traders and miners some $1.7 million in profit in the last 24 hours alone.
The strategy has also contributed to higher gas fees and blockchain bloat.
The report outlines how the researchers identified and isolated generalized front-running bots while evaluating their efficiency.
Ethereum mining pool Sparkpool will launch its new mining network, Taichi Network, complete with a “private transaction” feature this month.