Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

YouTube

Frontrunning in Decentralized Exchanges, Miner Extractable Value, and Consensus Instability

IEEE via YouTube

Overview

Explore the complex world of decentralized exchanges (DEXes) and their vulnerabilities in this 17-minute IEEE conference talk. Delve into the widespread deployment of arbitrage bots in blockchain systems and their impact on fair trading ecosystems. Examine how these bots exploit inefficiencies, engage in frontrunning, and participate in priority gas auctions (PGAs) to gain advantages. Understand the concept of miner extractable value (MEV) and its potential risks to consensus-layer security in Ethereum. Gain insights into the adaptation of traditional financial market exploitation techniques to blockchain economies and the challenges they pose to smart contract security.

Syllabus

Intro
The Promise of Blockchain Exchanges
Decentralized Exchanges (DEXes)
Frontrunning in action
Security by Example - When Bots Collide
Modeling - Priority Gas Auctions (PGAs)
Modeling Conclusions - PGAs
Time-bandit attacks

Taught by

IEEE Symposium on Security and Privacy

Reviews

Start your review of Frontrunning in Decentralized Exchanges, Miner Extractable Value, and Consensus Instability

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Someone learning on their laptop while sitting on the floor.