Eating Sandwiches: Modular and Lightweight Elimination of Transaction Reordering Attacks
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Description
Traditional blockchains grant the miner of a block full control not only over which transactions but also their order. This constitutes a major flaw discovered with the introduction of decentralized finance and allows miners to perform MEV attacks. In this paper, we address the issue of sandwich attacks by providing a construction that takes as input a blockchain protocol and outputs a new blockchain protocol with the same security but in which sandwich attacks are not profitable. Furthermore, our protocol is fully decentralized with no trusted third parties or heavy cryptography primitives and carries a linear increase in latency and minimum computation overhead.
Date of Publication
2024
Publication Type
Conference Item
Language(s)
en
Contributor(s)
Yeo, Michelle |
Series
Leibniz International Proceedings in Informatics
Publisher
Schloss Dagstuhl - Leibniz-Zentrum für Informatik
ISSN
1868-8969
ISBN
978-3-95977-308-9
Access(Rights)
open.access