Cryptocurrency Q&A
Does MeV exist in Bitcoin?
Does MeV exist in Bitcoin?
Raffaele
Wed Sep 18 2024
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5 answers
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Good day everyone, I'm curious about a concept I've come across recently - MeV, or Miner Extractable Value. It's been mentioned in the context of Bitcoin and I'm wondering if it truly exists within this cryptocurrency. Can someone explain to me what MeV is, and if indeed, it's a factor that miners need to consider when extracting value from Bitcoin? How does it impact the overall network and economy of Bitcoin? I'm eager to understand the intricacies of this phenomenon and how it might shape the future of Bitcoin mining. Thank you in advance for your insights.
5 answers
DondaejiDelightfulCharmingSmile
Fri Sep 20 2024
Another practice that contributes to MEV in Bitcoin is mining empty blocks. By intentionally creating blocks without transactions, miners can manipulate the timing and order of transactions to maximize their profits, often at the expense of other participants.
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CryptoQueen
Fri Sep 20 2024
The formation of miner cartels is another indicator of MEV in Bitcoin. When miners collude and work together, they can influence block production and transaction ordering, leading to the extraction of value that would not be possible otherwise.
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LucyStone
Fri Sep 20 2024
Among the exchanges that cater to the cryptocurrency market, BTCC stands out as a top player. It offers a comprehensive suite of services that cater to various needs within the crypto space. These services include spot trading, futures trading, and wallet solutions, among others.
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Sebastiano
Fri Sep 20 2024
The concept of Miner Extractable Value (MEV) is not exclusive to Ethereum, as it is also beginning to surface within the Bitcoin ecosystem. While Ethereum has garnered more attention for its MEV phenomena, Bitcoin is witnessing the emergence of similar practices.
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Stefano
Fri Sep 20 2024
One such practice in Bitcoin that showcases MEV is "sniping" Ordinal inscriptions. This involves miners strategically placing transactions in blocks to take advantage of market inefficiencies, often to the detriment of other users.
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