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Blockchain

Flashbots Implement Open Source For User Moderation

August 18, 2022 - Around 1 mins mins to read
Flashbots, the solution to mitigating the MEV problem on the blockchain, have made new moves in response to regulatory requirements.
Flashbots Implement Open Source For User Moderation

On August 17, @bertcmiller, a member of the solution development team, posted a tweet announcing that it would open-source Flashbots Relay.

Flashbots is an auction-enabled marketplace for on-chain arbitrage opportunities. With this approach, the project will help mitigate the negative impacts of MEV on the blockchain ecosystem as a whole.

Everything stems from @bantg‘s status:

The immediate context of this message is unknown, but most likely what Hasu (a key member of the project’s development team) is referring to is Flashbots Relay’s open source implementation.

This action was presumably in response to legal issues and censorship requests from the US Office of Foreign Assets Control (OFAC).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

CoinCu News

banteg

Flashbots

Hasu

MEV

OFAC

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Flashbots Implement Open Source For User Moderation

Flashbots, the solution to mitigating the MEV problem on the blockchain, have made new moves in response to regulatory requirements.
Flashbots Implement Open Source For User Moderation

On August 17, @bertcmiller, a member of the solution development team, posted a tweet announcing that it would open-source Flashbots Relay.

Flashbots is an auction-enabled marketplace for on-chain arbitrage opportunities. With this approach, the project will help mitigate the negative impacts of MEV on the blockchain ecosystem as a whole.

Everything stems from @bantg‘s status:

The immediate context of this message is unknown, but most likely what Hasu (a key member of the project’s development team) is referring to is Flashbots Relay’s open source implementation.

This action was presumably in response to legal issues and censorship requests from the US Office of Foreign Assets Control (OFAC).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News