The Blockchain Socialist

MEV: existential threat to blockchains or solvable problem?


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You may have heard of Maximal Extractable Value, or MEV, which refers to the extraction of value from Ethereum users by reordering, inserting, and censoring transactions within blocks by block producers. It's become a hot topic of debate on how best to deal with it, however these types of conversations can become very technical very fast.

In order to break it down, for this episode I spoke to Luis Bezzenberger (@bezzenberger) who works at Shutter Network, an anti-MEV/front running solution using Distributed Key Generation and threshold encryption. During the episode we spoke about how MEV works at a high level, the different camps on the issue, and how Shutter Network is proposing to deal with MEV.

More Sources
Rolling Shutter: MEV protection built into Layer 2
Announcing Shutter Governance - Shielded Voting for DAOs
Thread on a "shutterized beacon chain" for Ethereum

If you liked the podcast be sure to give it a review on your preferred podcast platform. If you find content like this important consider donating to my Patreon starting at just $3 per month. It takes quite a lot of my time and resources so any amount helps. Follow me on Twitter (@TBSocialist) and join the r/CryptoLeftists subreddit and Discord to join the discussion.

Send me your questions or comments about the show and I'll read them out sometime.

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ICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking.

The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.

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