If a bank used its customers’ transaction data to profit off them, that would obviously be a problem. But in crypto, exploiting others’ transaction data for profit better known as MEV has become normalized and even turned into a business. This screenshot shows MEV bots making profits in real time. Right now, countless people are unknowingly having value extracted from their transactions. Across Ethereum and many other layers, massive amounts of capital and talent are being poured into trying to fix MEV. but there’s still no clear solution. Cardano, however, is structurally different, which makes MEV practically impossible. That’s part of why Cardano is designed to be a trustless, open financial and social infrastructure for everyone. Once you really understand how other layers work and then look at Cardano, you’ll see just how efficient, secure, and well-designed it truly is. (source: eigenphi)
8.11K
148
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.