Miner Extractable Value (MEV) and Programmable Money: The Good, The Bad, and The Ugly

The core of Bitcoin’s security model relies on this basic game theory—miners, armed with their digital pickaxes, are in a relentless chase for profit. And it’s this pursuit that keeps the network secure. Basic vanilla mining involves producing blocks to earn the block rewards and transaction fees, but have you ever considered that miners might have other ways to extract value from the blockchain beyond this standard mining process? Are there other avenues for profit on the blockchain where miners can leverage their unique position as validators?

What is MEV?

In proof-of-work systems, “Miner Extractable Value” (MEV) is a term that describes the profits miners can earn by…

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