Blockchain developer Skale Labs has introduced its try to deal with Maximal Extractable Worth (MEV).
Referred to as Blockchain Built-in Threshold Encryption, or BITE, the protocol operates on the consensus layer, encrypting transactions in order that not even validator nodes can see what transactions they’re together with of their blocks.
As a result of transactions are encrypted earlier than they enter the mempool and solely decrypted by validators after block finalization, BITE stops front-running, sandwich assaults, and different transaction exploits.
BITE’s creator and Skale Labs’ co-founder Stan Kladko claims that is the primary time MEV has been handled on the consensus stage with out sacrificing efficiency or decentralization.
“Blockchain gaming has faced the same transaction vulnerabilities as DeFi, where players trading assets or making strategic moves can be exploited through front-running and other MEV tactics,” commented Skale Labs’ CEO Jack O’Holleran.
“BITE Protocol creates the fundamental infrastructure for truly fair gaming, where no participant can see transaction contents before finalization. This prevents both sophisticated players and bots from gaining unfair advantages, enabling game developers to design gameplay experiences where strategic timing and fair execution are guaranteed – opening the door for mainstream web3 gaming adoption.”
