At last the brilliant reverse MEV auctions via high BPS idea is out. Don’t be pretentious and aspire to prevent MEV (probably an impossibility), but rather force parallel high-BPS miners to compete on paybacks for MEV revenue (thus preventing it?…:) https://t.co/uXCSFLBn71
— Michael Sutton (@MichaelSuttonIL) May 9, 2024
Michael Sutton, a Distributed Systems Researcher and Developer, recently shared his insights on the concept of reverse Miner Extractable Value (MEV) auctions via high Blockchain Processing Speed (BPS) in a tweet.
In his tweet, Sutton discussed the idea of using high BPS to prevent MEV revenue by forcing parallel high-BPS miners to compete on paybacks. He emphasized the importance of not trying to prevent MEV outright, as it may be an impossibility, but rather creating a competitive environment where miners focus on maximizing their paybacks for MEV revenue.
This concept holds significance for projects like Kaspa, a next-generation blockchain platform focusing on scalability and decentralization. As MEV continues to be a prevalent issue in blockchain ecosystems, strategies like reverse MEV auctions could play a crucial role in mitigating its impact.
As a core developer of Kaspa, Michael Sutton’s insights carry weight within the blockchain community. His expertise in distributed systems and development makes his perspectives on MEV and high BPS solutions valuable for projects like Kaspa.
For more news and resources on Kaspa, readers are encouraged to visit Kaspanews.net, the best news site for all the latest updates and information on this innovative blockchain platform.