The term MEV was first coined by the researchers Phil Daian, Steven Goldfeder, Tyler Kell, Yunqi Li, Xueyuan Zhao, Iddo Bentov, and Ari Juels in their paper titled "Flash Boys 2.0"
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Phil Daian and a team of smart contract researchers wrote a 2019 paper, “Flash Boys 2.0,” which coined the term “miner extractable value.” For Daian’s team, MEV signified the “total amount of ETH miners can extract from manipulation of transactions within a given time frame.” MEV in this case was coined in the context of proof-of-work consensus mechanisms, in which miners govern the order of and whether or not to include transactions in a block.
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Maximal Extractable Value (MEV)
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Crypto
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