Time to Bribe: Measuring Block Construction Market

ePrint Report: Time to Bribe: Measuring Block Construction Market

Anton Wahrstätter, Liyi Zhou, Kaihua Qin, Davor Svetinovic, Arthur Gervais

With the emergence of Miner Extractable Value (MEV), block construction markets on blockchains have evolved into a competitive arena. Following Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS), the Proposer Builder Separation (PBS) mechanism has emerged as the dominant force in the Ethereum block construction market.


This paper presents an in-depth longitudinal study of the Ethereum block …

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