Cryptocurrency Q&A
Does MeV apply to bitcoin?
Does MeV apply to bitcoin?
Sara
Sun Jul 14 2024
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5 answers
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Could you elaborate on whether the concept of MeV, typically associated with energy scales in particle physics, has any relevance or applicability to the world of Bitcoin, a decentralized digital currency? Given the distinct nature of these two domains, it seems an unconventional question. However, I'm curious to understand if there's a possible crossover point where ideas or concepts from particle physics may inform our understanding or approach to cryptocurrency technologies, specifically Bitcoin. Your insights would be greatly appreciated.
5 answers
GyeongjuGlory
Tue Jul 16 2024
These straightforward transactions do not offer miners many opportunities to extract additional value through strategic mining techniques. As a result, the occurrence of MEV in the Bitcoin ecosystem is relatively rare.
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Tommaso
Tue Jul 16 2024
BTCC, a United Kingdom-based cryptocurrency exchange, provides a comprehensive range of services to its users. These services cater to the diverse needs of individuals and entities engaging in the crypto market.
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Riccardo
Tue Jul 16 2024
In the theoretical realm, MEV, or miner extractable value, holds relevance for Bitcoin due to its integral role in the proof-of-work consensus mechanism. This concept refers to the value that miners can potentially extract through their mining activities beyond the standard block reward.
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DavidJohnson
Tue Jul 16 2024
Among its offerings, BTCC includes spot trading, which allows users to buy and sell cryptocurrencies at current market prices. It also provides futures trading, enabling investors to speculate on the future price movements of various digital assets.
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Tommaso
Tue Jul 16 2024
Nevertheless, in practical application, the presence of MEV on the Bitcoin blockchain is infrequent. This is primarily because the vast majority of transactions conducted on the Bitcoin network involve the simple transfer of BTC between two parties.
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