š§Enhancing Security on the BNB Chain and Addressing MEV Challenges
š What is MEV?
Maximal Extractable Value (MEV) is a complex but inherent aspect of all blockchains like BNB Chain (BSC) and Ethereum. While it presents challenges like arbitrage and sandwich attacks, it also plays a vital role in incentivizing participation and securing the network.
š§ Our Solution:
BNB Chain is enhancing its MEV landscape through the Proposer-Builder Separation (PBS) model. This model separates block proposers (Validators) from block builders, allowing builders to create blocks and propose them to validators, who then select the most profitable one.
š Why Use a Privacy Protecting RPC?
Using a Privacy Protecting RPC ensures your transactions are sent to the builder's private mempool, mitigating the risk of being sandwiched by attackers.
š How to Find a Privacy-Protected RPC:
- Many DEX protocols or wallet providers, like PancakeSwap, offer free MEV protection features.
- Premium Privacy Protecting RPCs are available from service providers like BloxRoute, Blocksmith, Nodereal, Blockrazor, and Puissant.
š Maximizing Transaction Speed:
To maximize transaction speed, build a proxy to broadcast transactions to multiple builders. Check out the open-source transaction proxy sample code by NodeReal here: https://t.co/Q4o1MGWzuo
š Learn More:
For detailed information, visit our BSC MEV dashboard and Dune dashboard to view the latest MEV builder data. https://t.co/QGwk3TVI6m
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