MEV protection through delayed execution and time-locked puzzles

Blockchain technology is, by nature, transparent and decentralized. However, transparency can sometimes be a direct threat to the system’s decentralization when most of the profitable transactions get stolen by several high-power entities. This de-incentivizes new users from using the system and renders the whole system useless. In this project, we aim to guard decentralization against destructive and unfair effects of transparency. We reason that transparency can harm the system when it enables users to easily front-run each other. We aim to design a system where the content of a transaction only reveals after its inclusion is finalized. We also analyze and improve state-of-the-art technologies and provide a roadmap for future research.

Faculty Supervisor:

Majid Khabbazian;Chen Feng

Student:

Partner:

AquaNow

Discipline:

Engineering

Sector:

Professional, scientific and technical services

University:

The University of British Columbia - Okanagan; University of Alberta

Program: