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# MEV 101 # 🏴‍☠️ Everything MEV
<br> <br>
@ -6,8 +6,8 @@ MEV consists of 4 main categories:
* arbitrage, * arbitrage,
* liquidation, * liquidation,
* sandwich, and * sandwich,
* "Longtail" * longtail
<br> <br>
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--- ---
## Ethereum notes
## Basic Ethereum pre-requisite knowledge
### Basics <br>
* the existence of a Turing-complete programming language means that arbitrary contracts can be created for any transaction type or application. * The existence of a Turing-complete programming language means that arbitrary contracts can be created for any transaction type or application.
* a state is made up of objects called "accounts", with each account hacing a 20-byte address and state transitions being direct transfers of value and information between accounts. * a state is made up of objects called "accounts", with each account hacing a 20-byte address and state transitions being direct transfers of value and information between accounts.