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Draft:Maximal Extractable Value

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Maximal Extractable Value (MEV), previously known as Miner Extractable Value, is a concept within the field of blockchain and cryptocurrency that refers to the measure of the profit a miner (or validator) can make through their ability to arbitrarily include, exclude, or reorder transactions within the blocks they produce.[1] The term was first coined by the researchers Phil Daian, Steven Goldfeder, Tyler Kell, Yunqi Li, Xueyuan Zhao, Iddo Bentov, and Ari Juels in their paper titled "Flash Boys 2.0"[2].

References

  1. ^ Carapella, Francesca; Dumas, Edward; Gerszten, Jacob; Swem, Nathan; Wall, Larry (2022). "Decentralized Finance (DeFi): Transformative Potential & Associated Risks". Finance and Economics Discussion Series. 2022 (57): 1–33. doi:10.17016/FEDS.2022.057.
  2. ^ Daian, Phil; Goldfeder, Steven; Kell, Tyler; Li, Yunqi; Zhao, Xueyuan; Bentov, Iddo; Juels, Ari (2020). "Flash Boys 2.0: Frontrunning in Decentralized Exchanges, Miner Extractable Value, and Consensus Instability". 2020 IEEE Symposium on Security and Privacy (SP). doi:10.1109/SP40000.2020.00040. Retrieved 2024-05-13.