Introduction
Miner Extractable Value (MEV) bots have become a prominent feature in the world of cryptocurrency, particularly within the Ethereum network. These bots are designed to identify and exploit profitable opportunities within the blockchain, but they have also been associated with scams and controversial practices. This wiki provides an in-depth look at MEV bots, their functionality, and the ethical considerations surrounding their use.
What is MEV?
MEV stands for “Miner Extractable Value” or “Maximum Extractable Value.” It refers to the potential profits that miners or validators can generate by selectively reordering, censoring, or including specific transactions in a block. MEV arises from the flexibility of transaction processing in the Ethereum network.
MEV is also emerging in the NFT market. Techniques used in traditional MEV opportunities can be applied in the NFT space. For instance, searchers can program…
