BNB Chain is actively working on proposals designed to enhance the overall security of its network and confront the challenges posed by MEV.
In Brief
In a bid to enhance the security of the network and address MEV concerns more effectively, BNB Chain disclosed its plans to implement the Proposer-Builder Separation (PBS) model.
This blockchain platform is dedicated to empowering developers of Web3 decentralized applications (dApps). BNB Chain BNB Chain has announced plans aimed at improving Maximal Extractable Value (MEV) while also enhancing the security of the network through the adoption of the Proposer-Builder Separation (PBS) framework.
MEV, a complicated yet essential feature of Proof-of-Stake (PoS) blockchains like BNB Chain and Ethereum, introduces issues such as arbitrage and sandwich attacks. However, it also incentivizes network involvement and boosts overall security.
The Proposer-Builder Separation (PBS) model creates a distinction between block proposers (validators) and builders. This allows builders to construct blocks and submit them for validators’ approval, who then select the most lucrative blocks to add to the blockchain. Presently, more than 60% of transactions are processed through builders on-chain, and the BNB Chain team is endeavoring to raise this percentage to over 90% for improved user protection.
Why Utilize MEV-Protected RPC?
By employing a private MEV-protected RPC, users can effectively send their transactions into a developer’s private mempool, significantly decreasing the risk of being targeted by sandwich attackers. Commonly, decentralized exchanges (DEX) and wallets, like Pancake Swap, provide free MEV protection capabilities. Beyond these free features, users can opt to acquire premium private MEV-protected RPCs from service providers such as BloxRoute, Blocksmith, Nodereal, Blockrazor, and Puissant.
In order to boost transaction speed, BNB Chain suggests users create a proxy that will broadcast their transactions to various builders. This technique can enhance the rate at which transactions are added to blocks. Furthermore, users are encouraged to establish their RPC proxy by utilizing different builder service providers.
BNB Chain This blockchain platform is designed to simplify the creation and deployment of decentralized applications. Recently, BNB Chain announced a partnership with the messaging platform Telegram, which aims to create smoother access for users and developers alike. This initiative is set to enhance the overall experience for those engaging with BNB Chain services. integration Please be advised that the content on this page is not meant to serve as, and should not be taken as, legal, tax, investment, financial, or any other type of advice. It’s essential to invest only what you can comfortably afford to lose and to seek independent financial advice if uncertain. For more information, we recommend reviewing the provided terms and conditions as well as support pages from the issuer or advertiser. MetaversePost is committed to delivering precise and unbiased news, though market conditions may fluctuate without prior notice.
Disclaimer
In line with the Trust Project guidelines Alisa, a focused journalist at Metaverse Post, specializes in topics such as cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. She has a knack for spotting trends and innovative technologies, offering extensive coverage that informs and captivates readers in the dynamic world of digital finance.
