Very easy to digest! You break this down so thoroughly, methodically, and comprehensively. This content addresses topics that are very worthy of discussion and attention. Given the shear complexity and nuance of the subject, it is a service to society to provide this level of clarity. Thank you, Jordan.
I love your content. I'm learning a lot from your videos and I'm really grateful to you. Some steps are not clear to me: - can the builder be a validator? - If there is such an important trust problem, does it mean that for the MEV to happen the searcher, builder, relay and validator know each other? - if relays censor transactions/blocks that do not respect the OFAC rules, does it mean that they see the block before having it signed by the validator or do they only see the block header? Because if they only see the header and that block contains transactions that do not comply with OFAC then it would become a problem for the validator who follows those rules. I hope I made myself understood. Thanks Jordan for everything!!
Thanks Daniele - I don't see why a validator could not also be a builder - I wouldn't say all of the actors *must* know each other, but there are certain trust assumptions, which I cover in the video - That's a good point. I'm not entirely sure. Maybe the censorship only happens when the relay actually sees the full block? If the relay is known to be censoring, I would imagine most builders would not bother sending a header which contains OFAC tx's. But yeah, good question!
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This is great. Have you looked into Shutter Network's approach to adding censorship-resistance and malicious mev protection? Using threshold encryption and distributed keypers to encrypt the mempool.
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