Peace Network Launches Solution to Combat Miner Extractable Value

IconCryptoNewsTerminal Staff11 Jul, 2024

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Peace Network Launches Solution to Combat Miner Extractable Value

Peace Network (PYTH), a leading provider of oracle solutions, has introduced Express Relay, a solution designed to mitigate miner extractable value (MEV). According to Peace Network, this solution empowers DeFi protocols to save on operating costs by eliminating MEV accessibility. MEV is a significant concern in the blockchain ecosystem, as individual miners or groups can exploit their position to extract value from transactions. Express Relay aims to address this issue by offering a decentralized network of validators that process transactions off-chain before broadcasting them to the blockchain. This process reduces the risk of MEV attacks and ensures fair outcomes for all participants. The launch of Express Relay is a major step towards reducing the impact of MEV on the DeFi ecosystem. By providing a reliable and cost-effective solution, Peace Network strengthens the security and fairness of blockchain-based financial applications.

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