The activity was first predicted in 2014 by an algorithmic trader under the pseudonym Pmcgoohan, who warned that miners could quietly rearrange transactions in a mempool for personal gain
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What Is MEV, aka Maximal Extractable Value?
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The concept of MEV originates from the structural design of blockchains where transaction ordering rights confer economic opportunities to block producers independent of protocol incentives such as gas fees or block rewards.
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