Ending Sandwich Attacks on BNB Chain: Shutter Network Proposes Encrypted Mempool Solution

An open source protocol Shutter network announced and proposal implement the Mempool threshold BNB string to remove the maximum extractable value (Mev) Activity, such as attacks on front and sandwich attacks, and add a layer of censorship resistance in real time.

According to a press release shared with CryptonewsIf it started, the encrypted Mempool would provide “complete protection” from the front attacks and sandwich attacks.

Furthermore, this step would reduce the opportunity to interfere transactions, ensured the finalized command from visible content and supported encrypted and regular transactions.

To reduce centralization, the system uses a decentralized approach, so one side cannot decipher or manipulate any transaction.

For The Shutter Network Initiative is “motivated by an ethical vision BNB Good Will Alliance“He says the team, working on the protection of users’ interests.

Therefore, it suggests that validators in the binance chain may include encrypted transactions in block design. The team explains that when a user submits a transaction, the solution encrypts it before entering Mempool. This means that verification, builders and robots can see content. The transactions are decrypted only after the block is completed and the order of transactions is closed.

This “effectively eliminates[es] Opportunity for front run, as was already the case proven on Gnosis“He says.

The network network adds that the proposal is a common effort Gmhbot, Erigonand Nodereal. They presented this as a design of the development of the BNB (BEP) chain for anti -dating the BNB community.

Meanwhile, the proposal “has not yet committed to specific tasks, milestones or resources”. The team says it would define implementation tasks and outputs in the future stages.

Encrypted Memepools are decisive, says Vitalik buterin

The network network claims that the MEV activity on the BNB chain has increased. It affected more than $ 1.5 billion in Dex trades in a single day at the end of 2024. The founder of Binance ChangPeng Zhao She was also a recent victim, emphasizing the announcement.

Meantime, Ethereum Co -founder Vitalik Buterin has appointed Mescrypted Mempools as “key” components to successful implementation of many designs that would fight value extraction issues. He he explained This encrypted Mempools are “technologies where users broadcast their encrypted form, along with some evidence of their validity. […] The transactions are included in the blocks in encrypted form without knowing the block creators. ”

In addition, Luis Bezenberger, the Product Manager in Brainbot, the main contributor to the Shutter network, claims that most of the current MEV solutions are dealing with this problem at the surface level. They also introduce centralization and rely on manual processes with Blacklist users.

“Although it can offer short -term relief, it is difficult to maintain in the long term,” says Bezzenberger. “If the validators want to show the real goodwill community of the BNB chain, the only most effective step they can take is to commit to the processing of encrypted transactions by implementing an encrypted MEmpool using (distributed) encryption of threshold.”

Meanwhile, the proposed softer value of the Shutter Network-Incrypted Mempool live on the reserved OPSTACK TESTNET since March 2024 and further Gnosis Since July 2024. He also created a Whitepaper To implement this method on the Ethereum Mainnet.

Contribution Ending sandwich attacks on BNB: Shutter Network suggests encrypted Mempool solution He appeared for the first time Cryptonews.

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