The Ethereum network remains to this day one of the most active and innovative blockchains in the crypto space. Onboarding thousands of users since its inception, Ethereum is the king of DeFi and some of the hottest trends in this industry with billions in total value locked (TVL).
However, Ethereum is also one of the most expensive platforms for regular users. This has led to a surge in competitors trying to capitalize on the problem-driven by bad actors, MEV tactics, and other strategies to front-run regular people out of the network.
In the Ethereum ecosystem, many projects are working on delivering a needed fix to this issue. In that sense, we sat down with Adam Gagol, Ph.D., the co-founder of Cardinal Cryptography, a Web3 venture studio, and Aleph Zero, a Swiss non-profit organization looking to provide an enterprise-grade solution to the MEV problem. This is what they told us.
Q: What is Aleph Zero and what are the project’s objectives?
A: Aleph Zero is a fast and high-throughput blockchain built with a DAG-based consensus protocol.
We’re developing a privacy-centric framework with use cases that span multiple addressable markets, including the decentralized finance (DeFi) sector, healthcare, gaming, digitization, supply chain management, and more.
The Aleph Zero blockchain aims to solve privacy issues by offering the first hybrid privacy solution which will offer innovative security measures based on a unique combination of “zero-knowledge” proofs (ZKPs) and Secure Multiparty Computation (sMPC).
Q: Could tell our readers unfamiliar with the topics, what MEV stands for and why it’s one of the most important issues to address for Ethereum at the moment?
A: MEV stands for Maximal Extractable Value, which is the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block.
This type of attack occurs when a block producer is…
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