Unravel the challenges of MEV (Miner Extractable Value) in just a under minute! This Short delves into what MEV is and its significant impact on blockchain technology and decentralized finance (DeFi). Understand how MEV influences your transactions and the broader challenges it introduces to the crypto world.
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What is MEV?
MEV stands for Miner extractable value. MEV represents the potential profit miners can make by rearranging, adding, or excluding transactions when they mine a new block.
Why is MEV Bad?
It allows MEV bots to create transactions that cost regular users money when executing a token swap or DeFi transaction. This can cause the nodes to become uncooperative and interrupt the progression of the chain.
A solution for MEV is required to allow DeFi to become mainstream.
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