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Execution Auctions as an Alternative to Execution Tickets - Block proposer - Ethereum Research

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By Jonah Burian & Davide Crapis Special thanks to Anders Elowsson, Barnabé Monnot, Justin Drake and Mike Neuder for the feedback and review. Introduction There is a principal-agent problem in Ethereum. While the p…

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Execution Auctions as an Alternative to Execution Tickets

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Execution Auctions as an Alternative to Execution Tickets

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By Jonah Burian & Davide Crapis Special thanks to Anders Elowsson, Barnabé Monnot, Justin Drake and Mike Neuder for the feedback and review. Introduction There is a principal-agent problem in Ethereum. While the protocol creates MEV, it leaks it to proposers. Moreover, MEV in its current state exposes the protocol to other externalities, such as timing games. It is widely held in the research community that capturing and properly redistributing MEV is an important step in the evolution of...

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Execution Auctions as an Alternative to Execution Tickets

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2024-06-24T15:40:47Z

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Block proposer

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