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by latchkey
1375 days ago
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This isn't quite what it says it is. This is also pre-merge. Mining pools, not miners, connected to the flashbots mempool to pick up their transactions. There can be many mempools and mempools don't need to talk to each other. It was in the benefit for the miners for pools to do this (ie: their customers), so all the big ones did it. By doing so, miners would earn extra value (aka: MEV) from these transactions because flashbots would bundle them up and order them. If you wanted to be at the top of the list with your transactions, you'd pay a bit more. The really centralized bit of this is that flashbots actually can be turned on/off [0], which I find rather inexcusable. [0] https://twitter.com/TimBeiko/status/1570435474535354368 |
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