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lmfao BREAKING: Batch Threshold Crypto set to revolutionize DeFi by ending MEV scams and making transactions more secure, get ready for fair
wait, so BTE stops MEV in DeFi?? 🚫📊 could this be the end of rug pulls and sandwich attacks?!
This is a potential game-changer in combating MEV: BTE’s implementation of threshold cryptography could revolutionize transaction privacy and fairness in DeFi,
Batched Threshold Encryption (BTE) leverages threshold cryptography for secure collaboration among multiple parties without exposing data to a single participant. 🛡️ BTE builds upon earlier TE-encrypted memory pool schemes like Shutter, with current implementations in the prototype stage. Opportunities for further research and adoption exist, potentially shaping decentralized ledger futures.
On modern blockchains, transaction data is visible pre-sequencing, creating extractive practices like Maximum Extractable Value (MEV). 📊 MEV exploits block proponent abilities for financial gain through tactics like frontrunning and sandwich attacks. Ethereum has seen significant exploitation, demonstrating the need for solutions like encrypted memory pools.
Encrypted memory pools, using threshold encryption (TE), can prevent MEV by keeping pending transactions encrypted until final block confirmation. 💰 BTE improves upon TE by allowing servers to release a single decryption share for entire batches, reducing network load and congestion.
The first BTE version used the KZG system, enhancing server communication efficiency. 📡 Selective decryption capabilities help maintain transaction confidentiality, integrating well with Layer 2 rollups like Metis and Espresso for fair and private transactions.
Upgrades to BTE, like single-configuration BTE and BEAT-MEV,
How Batch Threshold Crypto Could End Extractive MEV and Make DeFi Fair Again
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