A flash(bot) in the pan
Ben Weintraub, Christof Ferreira Torres, Cristina Nita-Rotaru, Radu State
Abstract
The rise of Ethereum has lead to a flourishing decentralized marketplace that has, unfortunately, fallen victim to frontrunning and Maximal Extractable Value (MEV) activities, where savvy participants game transaction orderings within a block for profit. One popular solution to address such behavior is Flashbots, a private pool with infrastructure and design goals aimed at eliminating the negative externalities associated with MEV. While Flashbots has established laudable goals to address MEV behavior, no evidence has been provided to show that these goals are achieved in practice.
Topics & Concepts
Computer scienceFlash (photography)ArtVisual artsBlockchain Technology Applications and SecurityAdvanced Malware Detection TechniquesNetwork Security and Intrusion Detection