A priority transaction network for ether saw a start ahead of the highly anticipated London Hardfork and EIP-1559. It aims to end the Miner Extractable Value (MEV) threat and protects on-chain traders from being “front run” on their trades.

You will not run in front

The protocol known as the Eden Network protects traders from front running, creates new incentives for block producers after the implementation of EIP-1559 and distributes the Miner Extractable Value (MEV) in a fairer way.

Miner Extractable Value is the process of deliberately rearranging the order of transactions within a block that is added to a blockchain. Blackhat bot developers or malicious miners can use malicious arbitrage strategies to extract MEV, such as front running or sandwich attacks.

These attacks ultimately harm traders and recreate vast amounts of value from the Ethereum ecosystem: MEV is estimated to have extracted more than $ 800 million since January 1, 2020.

The Eden Network is an optional, non-consensus-breaking transaction ordering protocol designed to minimize the MEV in Ethereum. It enables network participants to rent priority slots and to guarantee placement within Ethereum blocks.

Not only does it facilitate priority transactions, but it also inherently protects against arbitrary transaction rearrangement, which is the main source of malicious MEV, and provides users and merchants with a private place to conduct transactions outside of the sight of Ethereum’s public transaction pool.

“EIP-1559 is the most important upgrade in the history of Ethereum. While it solves some of its key problems, such as high gas fees and priority gas auctions, it manages others by cutting block producers’ revenues, which inadvertently incentivizes MEV, ”said Caleb Sheridan, a core developer for the Eden Network.

He added, “Some MEVs are actually healthy, such as the arbitrageurs bringing prices back into line. So instead of trying to block all MEVs, the Eden Network captures MEVs without harming users or block producers and distributes them to all stakeholders on the network in a fairer way. It’s a win-win situation for everyone. “

Better sushi transactions on Ethereum

The Eden Network tokenizes slots within a block and makes them available for rental. The first three slots in each block are occupied by slot tenants determined using a continuous auction mechanism in the network’s native token, EDEN.

Each network participant can outstake a current slot tenant. Each tenant can submit as many transactions as they want until they hit the 1.5 million gas limit. Any remaining gas is automatically allocated to the transactions of the following slot tenant to save block space.

Alpha, BAND, Sushi and a few other projects will be among the network’s partners at launch

On August 2nd, Eden will be live and free on the sushi Platform. Since Sushiswap occupies a slot in the Eden Network, all sushi transactions (up to 1.5 million

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