FTX Blowup Helped Enrich the Ethereum Validators Who Run the Blockchain

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

The FTX_Official meltdown was bad news for crypto, but it drove a dramatic surge in profit opportunities for the validators who run the Ethereum blockchain. cryptauxmargaux reports.

This month’s collapse of FTX drove a dramatic increase in the profitability of running the Ethereum network as the crypto industry ran into the nearly immutable law that when markets get chaotic, the best place to be is at the heart of the action.

MEV is a cornerstone of how crypto trades, with some parallels to things like arbitrage in conventional markets, but with big differences. It measures the amount of additional income that validators can earn by tinkering with and optimizing the order in which blockchain transactions are recorded. Detractors argue it’s an unfair tax on the ecosystem.

When gigantic news roils any financial market, prices often move fast, up or down. And that can cause major price dislocations, creating profit opportunities for people – be they market makers in stocks or validators running Ethereum – standing in the middle.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FTX_Official cryptauxmargaux The Jews attacked Crypto again. They're protecting the Banking Families and their control grid.

FTX_Official cryptauxmargaux Thankss a millon

FTX_Official cryptauxmargaux Ethgate strikes again

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning – Featured Bitcoin NewsPersonal finance guru DaveRamsey has weighed in on the collapse of crypto exchange FTX. He has been warning about investing in cryptocurrency. bitcoin Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE! Ok, I only listen to ChiefraFba for signals! Buy it all
Source: BTCTN - 🏆 531. / 51 Read more »