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# MEV 101
# 🏴‍☠️ Everything MEV
<br>
@ -6,8 +6,8 @@ MEV consists of 4 main categories:
* arbitrage,
* liquidation,
* sandwich, and
* "Longtail"
* sandwich,
* longtail
<br>
@ -18,12 +18,12 @@ In this repo we explore them further.
---
## 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.