{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"This Paradigm-backed project is making Ethereum's technical underbelly more accessible","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/a1bba1ef\"></iframe>","width":"100%","height":180,"duration":3040,"description":"In the crypto world, MEV (‘Maximal Extractable Value’) refers to block producers’ ability to reorganize the sequence of transactions in any given block to extract a premium.\nWhile MEV can be used nefariously in instances such as front-running large transactions, it can also be used for arbitrage opportunities that do not directly impact other market participants.\nIn this episode of The Scoop, we take a closer look at the world of MEV with Viktor Bunin, a protocol specialist at Coinbase, and Stephane Gosselin, the founder of Flashbots — a research project that provides MEV solutions to Ethereum validators.\nAccording to Gosselin, the purpose of Flashbots is to make markets more efficient:\n“We look at market structures, we research them and we develop products to try to improve them, and make sure that they're aligned with the intent of the chains that they're operating on top of.”\nHow Flashbots works in practice is essentially by creating a separate layer where users can bid against each other to have their transactions included on the blockchain. \nAs Bunin explains,\n“It essentially creates a private mempool or a ‘fastlane’ where it says, ‘Hey, you're welcome to compete all you'd like, but you should do it at this layer,’ and then there will be a standardized way by which whoever is a winning bid — essentially the winning transaction — that will be the one that gets included on the blockchain and no others.”\n\nEpisode 91 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Viktor Bunin, protocol specialist at Coinbase and Stephane Gosselin, MEV boost architect & co-founder of Flashbots.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.\nThis episode is brought to you by our sponsors Tron, Chainalysis & IWC Schaffhausen\nAbout Tron\nTRON is dedicated to accelerating the decentralization of the internet...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}