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Blockchain

Flashbots Resigns Following Disputes With The Team Regarding Censorship

October 8, 2022 - Around 2 mins mins to read

Co-founder of Flashbots (FBs) Stephane Gosselin revealed on Twitter last month that he was leaving the maximal extracted value (MEV) business due to differences with the team.

Flashbots Resigns Following Disputes With The Team Regarding Censorship
FBs Resigns Following Disputes With The Team Regarding Censorship

Gosselin stated in a statement that maintaining censorship resistance is essential for a diversified and competitive MEV environment. Gosselin also expressed his pride in the project’s accomplishments.

“In the short term, I am hopeful that validators will avoid connecting to relays that perform censorship. Blockspace suppliers putting economic pressure against censorship will go a long way to making sure it does not become ubiquitous.” Gosselin

Flashbots has come under fire for allegedly facilitating censorship blockchain

Flashbots Resigns Following Disputes With The Team Regarding Censorship
FBs Resigns Following Disputes With The Team Regarding Censorship

Since The Merge, there has been a relative concentration of Ethereum validators on well-known staking pools using Flashbots relays. Flashbots has come under fire for allegedly facilitating censorship on the blockchain since the MEV provider chose to ignore transactions from authorized mixing service Tornado currency.

Flashbots Product Lead Robert Miller responded to worries about the purported restrictions by saying the company is looking into measures to lessen dominance and has open-sourced its code.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.