Flashbots has launched an update that intends to solve censorship resistance and decentralization issues.

Flashbots’ product lead, Robert Miller, addressed similar concerns earlier this month, stating that the company was working on a decentralized solution. SUAVE, a protocol that has been in development for the past year, has been unveiled.

Flashbots is a service that suggests blocks for validators to process in order to maximize incentive payouts. It is a popular third party for this block creation procedure.

Concerns in the community have arisen as a result of Flashbots censoring Tornado Cash transactions. According to MEV Watch, more than half of Ethereum blocks produced today are OFAC-compliant.

SUAVE’s launch comes shortly after Stephane Gosselin, co-founder of Flashbots, stepped down in September following an internal debate about the company’s censorship-resistance skills.

SUAVE intends to decentralize the block-building process gradually through open-sourcing its code and development, allowing anybody to participate. It will handle cross-chain and multi-chain transactions, as well as any Ethereum-compatible blockchain or rollup.

According to the development team, further information regarding SUAVE will be provided in the following weeks.

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 us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Flashbots

OFAC

SUAVE

Tornado cash

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.

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News

Flashbots Announced An Upgrade To Address Censorship Resistance Concerns

Flashbots has launched an update that intends to solve censorship resistance and decentralization issues.

Flashbots’ product lead, Robert Miller, addressed similar concerns earlier this month, stating that the company was working on a decentralized solution. SUAVE, a protocol that has been in development for the past year, has been unveiled.

For the last year, we have been developing the next generation of Flashbots under the codename “SUAVE” pic.twitter.com/Km2Awm8YoR

— Hasu⚡️???? (@hasufl) October 14, 2022

Flashbots is a service that suggests blocks for validators to process in order to maximize incentive payouts. It is a popular third party for this block creation procedure.

Concerns in the community have arisen as a result of Flashbots censoring Tornado Cash transactions. According to MEV Watch, more than half of Ethereum blocks produced today are OFAC-compliant.

SUAVE’s launch comes shortly after Stephane Gosselin, co-founder of Flashbots, stepped down in September following an internal debate about the company’s censorship-resistance skills.

SUAVE intends to decentralize the block-building process gradually through open-sourcing its code and development, allowing anybody to participate. It will handle cross-chain and multi-chain transactions, as well as any Ethereum-compatible blockchain or rollup.

According to the development team, further information regarding SUAVE will be provided in the following weeks.

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 us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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