October 6, 2020, 5:12PM EDT
• 8 min read

A case study in Miner Extractable Value

Quick Take

  • Miner Extractable Value (MEV) refers to the amount of profit that miners can extract from reordering and censoring transactions on the blockchain
  • Ethereum miners are increasingly taking advantage of the MEV opportunity. Recently, multiple mining pools were connected to a DEX arbitrage bot
  • At best, MEV can be additive to a blockchain’s security because it brings validators more fees. At worst, MEV may lead to consensus instability

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