Part 2: Flashboys! 2.0 || All you want to know about MEV

"We additionally show that high fees paid for priority transaction ordering poses a systemic risk to consensus-layer security. We explain that such fees are just one form of a general phenomenon in DEXes and beyond—what we call miner extractable value (MEV)—that poses concrete, measurable, consensus-layer security risks. We show empirically that MEV poses a realistic threat to Ethereum today." __________________________ 👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1 This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources. __________________________ Today we're reading through part one of the Flashboys 2.0, the seminal piece of research that introduced the concept of MEV. This readthrough is slightly different as the complexity of the paper required me to stop and offer explainers throughout. MEV is a concept that is critical to understand as it poses consensus layer risks to Ethereum 2.0 and opens up attack vectors which we'll be exploring in future read throughs. The full paper can be read here: https://arxiv.org/pdf/1904.05234.pdf

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