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Concurrent Block Proposers in Ethereum - Proof-of-Stake / Block proposer - Ethereum Research

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Much of the discussion around censorship has focused on situations where the adversary is a state actor, e.g., U.S. censorship of tornado cash transactions. While this is important, economic gain presents another potential motivation to censor. In 2015, before state actors knew Ethereum existed, Vitalik discussed the need for sufficient censorship resistance to enable financial systems to operate on chain: “Censorship-resistance in decentralized cryptoeconomic systems is not just a matter of making sure Wikileaks donations or Silk Road 5.0 cannot be shut down; it is in fact a necessary property in order to secure the effective operation of a number of different financial protocols.” -The Problem Of Censorship, Vitalik Buterin, 2015 2 We start with a simple example. Consider a European call option 1 that must be exercised with an Ethereum transaction. Suppose the call option is in the money 2; whoever holds the option can make $10 by exercising the option at expiry. Conversely, whoever

Concurrent Block Proposers in Ethereum - Block proposer - Ethereum Research Concurrent Block Proposers in Ethereum Proof-of-Stake Block proposer mikeneuder February 23, 2024, 3:59pm 1 Concurrent Block Proposers in Ethereum upload_9cfebe6c788a99112f6efb3a851deac0 1565×1555 300 KB ^look ma, we are trying to end the proposer monopoly \cdot by mike & max – friday; february 23, 2024. \cdot Abstract: The Ethereum protocol elects a single proposer to produce a block during each 12-second slot. That proposer has unilateral authority over the set of transactions included. As a result, time-sensitive tr

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