word

miner extractable value

MY-ner eks-TRAK-tuh-bul VAL-yoo

ˈmaɪnər ɪkˈstræktəbəl ˈvæljuː

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Syllable breakdown

minerextractablevalue

Dictionary meaning

the profit that blockchain validators (originally miners, now also stakers) can capture by reordering, inserting, or censoring transactions within the blocks they produce; a form of hidden tax on users that manifests as worse prices, failed transactions, and sandwich attacks

Examples

MEV bots extracted over 600 million dollars from Ethereum users in a single year.
Flashbots was created to make miner extractable value transparent and less harmful to ordinary users.

Synonyms: MEV, maximal extractable value, validator extractable value

Pronunciation tips

Also called 'maximal extractable value' (MEV) after the shift from proof-of-work to proof-of-stake

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