On March 18, according to official sources, BNB Chain initiated the 'Goodwill Alliance'. The establishment of this alliance aims to coordinate off-chain efforts to initiate creative, best practices, and ethical standards that serve the best interests of BNB holders and all participants in the BNB ecosystem. These coordination efforts are expected to become more widely accepted Consensus through BNB governance, BEP, and BNB chain code. The alliance's primary initiative is to actively promote the reduction of 'sandwich attacks' on the BNB Smart Chain (BSC). Two key builders of the BNB chain infrastructure, BlockRazor and BNB 48 Puissant, have now deployed 'sandwich attack' filters into their block building mechanisms. These builders now constitute the first group of builders for this initiative. In response to this goodwill action, the alliance calls on all BSC builders to join this initiative and make every effort to filter out 'sandwich attacks'. Next, alliance members will take further action together to resist 'sandwich attacks', including: 1. Defining the quality concept of 'sandwich attacks'; 2. Creating tools to identify 'sandwich attacks' as a measure of builders' and validators' performance; 3. Introducing community cooperation to create more infrastructure to share how to detect and prevent 'sandwich attacks'.
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BNB Chain initiates the 'Goodwill Alliance' aimed at reducing on-chain MEV attacks
On March 18, according to official sources, BNB Chain initiated the 'Goodwill Alliance'. The establishment of this alliance aims to coordinate off-chain efforts to initiate creative, best practices, and ethical standards that serve the best interests of BNB holders and all participants in the BNB ecosystem. These coordination efforts are expected to become more widely accepted Consensus through BNB governance, BEP, and BNB chain code. The alliance's primary initiative is to actively promote the reduction of 'sandwich attacks' on the BNB Smart Chain (BSC). Two key builders of the BNB chain infrastructure, BlockRazor and BNB 48 Puissant, have now deployed 'sandwich attack' filters into their block building mechanisms. These builders now constitute the first group of builders for this initiative. In response to this goodwill action, the alliance calls on all BSC builders to join this initiative and make every effort to filter out 'sandwich attacks'. Next, alliance members will take further action together to resist 'sandwich attacks', including: 1. Defining the quality concept of 'sandwich attacks'; 2. Creating tools to identify 'sandwich attacks' as a measure of builders' and validators' performance; 3. Introducing community cooperation to create more infrastructure to share how to detect and prevent 'sandwich attacks'.