From 9b3df557fe6035cfc01b32746154fc9f2aecff81 Mon Sep 17 00:00:00 2001 From: "dr. mia von steinkirch, phd" <1130416+mvonsteinkirch@users.noreply.github.com> Date: Tue, 7 Feb 2023 15:46:02 -0800 Subject: [PATCH] Update README.md --- README.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/README.md b/README.md index a7f6114..1fab701 100644 --- a/README.md +++ b/README.md @@ -14,9 +14,9 @@
-#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain, a revenue stream generated from priority gas auction (PGA). +#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain. *the most valuable commodity is information*. -#### 👾 MEV extraction can be a force of good in a non-predatory blockspace free-market as an incentive for economic security. order flow toxicity is a trader's exposure to counter-parties that possess private informational advantages - *the most valuable commodity is information*. +#### 👾 MEV extraction can be a force of good in a non-predatory blockspace free-market as an incentive for economic security. order flow toxicity is a trader's exposure to counter-parties that possess private informational advantages (e.g., through priority gas auctions). #### 👾 the discussion around MEV started by [pmcgooohan](https://twitter.com/pmcgoohancrypto?lang=en) on [e/ethereum](https://www.reddit.com/r/ethereum/comments/2d84yv/miners_frontrunning/), and it was formalized by [phildaian](https://twitter.com/phildaian)'s paper [flash boys 2.0](https://arxiv.org/abs/1904.05234).