🔒 Flash Freezing Flash Boys: Encryption for Every Transaction Against MEV
📊 Flash Freezing Flash Boys introduces a new encryption method for each transaction aimed at preventing front-running.
🛡 Malicious MEV attacks are a critical risk for Ethereum traders, with nearly 2,000 attacks per day and over $2 million extracted monthly from the network.
⚙️ This proposal addresses the vulnerabilities of early encryption systems using periodic adjustments that could expose sensitive transaction data. By implementing encryption for every transaction, each transaction remains confidential until finalization, significantly reducing the risk of front-running.
📅 The protocol features a Secret Management Committee that encrypts transactions using a key available only to them, ensuring protection of transaction details until execution.
💰 Despite the promises, challenges remain in implementing this method on Ethereum due to its computational requirements and storage demands.
