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Ethereum's Block Proposal Democracy: A Solution to MEV Concerns
Coin WorldSaturday, Mar 1, 2025 10:32 pm ET
1min readEthereum researcher Malik672 has proposed a solution to democratize block proposing and potentially eliminate Maximal Extractable Value (MEV) issues. The proposal aims to address the centralization of Ethereum's block producing process and mitigate MEV concerns.
Malik672 suggests implementing a "shared random algorithm" to decentralize block building and enhance transaction propagation. This system would involve a cryptographically random selection of clients, rather than a few chosen builders, to construct blocks. This shift would curb manipulation strategies inherent in transaction reordering and censorship, primarily driven by profit motivations.
The current landscape of Ethereum's block production has raised concerns over centralization and MEV. Toni Wahrstätter, an Ethereum Foundation researcher, highlighted that two builders alone accounted for 88.7% of blocks produced in a recent span, indicating a significant level of centralization. Although this number has decreased slightly, it still represents a concentration of power that the Ethereum community finds concerning.
Malik672's proposal contends that a Decentralized Random Block Proposal could fundamentally change the way blocks are constructed on the Ethereum network. Utilizing a Byzantine Fault Tolerance (BFT) mechanism, the initiative aims not only to democratize block production but also to mitigate potential issues associated with centralized builders.
Potential benefits of Malik672's proposal extend beyond decentralization. The implementation of this model may enhance transaction propagation efficiency, with reports suggesting slot times could decrease significantly from 12 seconds to between 6 to 8 seconds. Such a shift would not only improve user experiences but also align Ethereum's technical advancements with its end-users' needs.
Malik672's proposed model represents a promising avenue for Ethereum to tackle pressing issues related to centralization and MEV. By re-envisioning how blocks are proposed and constructed, Ethereum could further its commitment to decentralization while improving transaction throughput. The outcome of these proposed changes stands to firmly solidify Ethereum's landscape in addressing user needs without succumbing to profit-driven pressures.
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