Blockchain infrastructure company Blocknative has reportedly suspended the Ethereum (ETH) MEV-Boost Relay service, despite it remaining active on the network. This development has raised concerns about the centralization of the Ethereum network.
Relayers play a crucial role in ensuring the timely processing, batch processing, and broadcasting of transactions on the blockchain network. They bridge the gap between users and the blockchain by facilitating efficient transaction processing.
MEV (Miner Extractable Value) boost software was introduced as a concept to establish an efficient market between block proposers and builders after Ethereum's transition to a proof-of-stake (PoS) network. It aims to optimize the allocation of transaction fees among participants in the network.
According to reports, a decrease in the number of relayers has raised concerns about centralization within the Ethereum network. It's worth noting that MEV has been a topic of discussion within the Ethereum community, with ongoing efforts to address its implications and optimize the network's operation. đ„đ #Ethereum #MEV #BlockchainCentralization
