PANews reported on May 9 that according to The Block, Layer1 blockchain Skale launched a new consensus layer solution called BITE protocol, which aims to eliminate malicious MEV attacks. The protocol uses threshold encryption technology to encrypt transactions before entering the memory pool and decrypt them only after the block is confirmed, thereby blocking the ability of validators to obtain transaction information in advance for preemptive or sandwich attacks. The innovation of the BITE protocol is to introduce the transaction sorting mechanism of traditional finance into the blockchain, and to prevent validators from taking advantage of information asymmetry to make profits by building encryption protection into the consensus layer. Skale CEO said that this is a more thorough solution compared to existing solutions such as private memory pools.
Skale launches BITE protocol to eliminate malicious MEV attacks
- 2025-05-08
Dialogue with Arthur Hayes: The Sino-US trade war is a long-term trend, and Bitcoin will exceed $1 million by 2028
- 2025-05-07
OKX will soon launch JITOSOL (Jito Staked SOL) spot trading
- 2025-05-07
Solana presents a new way to play MEV, with atomic arbitrage accounting for half of the transactions. Is it a hidden vault or a new sickle?
- 2025-05-07
Huobi HTX will launch OBOL (Obol) today at 19:00, and deposit service is now open
- 2025-05-05
PA Daily | PumpFun’s annual fee income exceeds Ethereum; Trump made it clear that he will not seek a third term
- 2025-05-05
OKX DEX Relaunched, Adding AI Analysis, Smart Fund Tracking, and Meme Mode