Da Hongfei 💚 (@dahongfei): The BNB Chain community today launched a proposal to counter malicious MEV.

The BNB Chain community today launched a proposal to counter malicious MEV. 🟩Many of you may not know what MEV is. MEV (Maximal Extractable Value) refers to the profits miners or validators can make by manipulating transaction orders in blocks. While some MEV can be neutral (like DEX arbitrage), toxic MEV involves activities like front-running or transaction reordering for personal gain, which harms the network's integrity. 🔴Why Toxic MEV Hurts？ It leads to censorship, undermining the security, permissionlessness, and decentralization of blockchain networks. It can result in significant financial losses for users, with estimates suggesting over $1 billion lost on Ethereum due to toxic MEV. 🟩 Neo's Approach to Eliminate Toxic MEV: Here at Neo, we're tackling this head-on with Neo X, our EVM-compatible sidechain: - dBFT Consensus Mechanism: Neo's unique Delegated Byzantine Fault Tolerance (dBFT) ensures one block finality, which means once a block is added, it's final. This prevents miners from reordering transactions post-factum. - Enveloped Transactions: We've developed a system where transactions are encrypted before they're processed. Only after a block is confirmed can these transactions be decrypted, ensuring that miners can't see or manipulate transactions for profit. - Privacy and Integrity: Using Distributed Key Generation (DKG) and threshold encryption, we keep transaction details hidden from consensus nodes until the block is set, protecting user data and transaction integrity. As we at Neo turn our vision for Neo X into reality, we genuinely value your input — whether it's suggestions, insights, or constructive criticism. Please feel free to connect with us on @Neo_Blockchain. Remember, Neo thrives as a community-driven blockchain, and your active participation is what drives us forward.