SKALE Labs Reveals New Protocol to Combat $1.8 Billion MEV Problem

Description

SKALE Labs, the team behind Layer-1 blockchain network SKALE, has launched its BITE Protocol, the “industry’s first” consensus-level solution that works to eliminate Maximal/Miner Extractable Value (MEV).

Authors

Sead Fadilpašić

Publish date

May 7, 2025

Publisher

CryptoNews

Web URL

https://cryptonews.com/news/skale-labs-reveals-new-protocol-to-combat-1-8-billion-mev-problem

Referenced by

Skale launches BITE Protocol

Crypto news

News story

BITE Protocol encrypts consensus and completely removes MEV from blockchain, finally putting an end to front-running, sandwich attacks, time bandit attacks, and other methods of taking value from end users. Rather than applying band-aid solutions to the MEV problem, BITE addresses it at its root through cryptographic guarantees in the consensus layer itself.

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SKALE Labs, the team behind Layer-1 blockchain network SKALE, has launched its BITE Protocol

Crypto news

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