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Solana co-founder: Increasing competition among block producers may be a potential solution to the MEV problem
Solana co-founder Anatoly Yakovenko wrote on X that the solution to MEV is simple - let each user have their own block producer (node) and produce blocks on their own.
This way, every user can guarantee that no unexpected MEV exists when submitting a transaction, but in practice this is impossible because we cannot support tens of thousands of block producers online at the same time, let alone achieve time slots of less than 100 milliseconds worldwide.
So what is the second-best solution? The answer is to maximize competition between existing block producers and let users choose which block producer they want to package their transactions. This is still an engineering problem, but it is not impossible to achieve. The more block producers are scheduled per second, the shorter the time users have to wait for the best packaging offer. Lowering the block interval, parallel processing, faster node rotation, etc. can improve this situation.
The market will make choices on these issues, and what matters is that users are willing to submit their transactions to this type of block auction.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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