I’m in for implementing @hashdag‘s MEV (kickback via reverse auctions) and Oracle solutions. The idea is to use extreme high BPS and to utilize asynchrony and partial miner knowledge for creating competition (MEV) and voting systems (Oracle) between parallel miners
Who’s coming?
— Michael Sutton (@MichaelSuttonIL) June 3, 2024
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer and core developer of Kaspa, announced his support for implementing MEV (Maximum Extractable Value) and Oracle solutions proposed by Hashdag. The concept involves utilizing extreme high BPS (Blocks Per Second) and asynchrony, along with partial miner knowledge, to create competition (MEV) and voting systems (Oracle) between parallel miners.
This new approach aims to enhance the efficiency and fairness of blockchain transactions by introducing reverse auctions for kickback mechanisms. By leveraging advanced technologies and miner collaboration, the implementation of MEV and Oracle solutions could revolutionize the way transactions are verified and recorded on the blockchain.
Michael Sutton’s endorsement of these innovative solutions highlights the ongoing efforts within the Kaspa community to push the boundaries of blockchain technology and improve its scalability and security. As a prominent figure in the field of distributed systems, his support carries significant weight and could pave the way for further developments in the space.
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