Flashbots releases an update that might allay censorship worries
Flashbots has announced an upgrade known as SUAVE that concerns with decentralization and aims to address censorship resistance. At the beginning of this month, Robert Miller, product lead for Flashbots, discussed solving these concerns and said it was dealing with a decentralized solution. The protocol, known as SUAVE, which was revealed on October 14 via Twitter, has been in stealth development for the last year.
Flashbots is a service that provides validators to process while maximizing reward payouts. It is one of the third parties that are used most often in this block-making process. Community concerns have originated from Flashbots censoring transactions connected with Tornado Cash. Over half of Ethereum blocks built today are OFAC-compliant, according to MEV Watch. The debut of SUAVE comes soon after the co-founder of Flashbots, Stephane Gosselin stepped down in September after an internal disagreement around its censorship-resistance capabilities.
The aim of SUAVE is to progressively decentralize the block-building process by open-sourcing its code and improvement, permitting anybody to contribute. It will work with any Ethereum-compatible blockchain or rollup and feature chain and multi-chain support.
As per the development team, further details about SUAVE will be released in the coming weeks. Flashbots product lead and steward Robert Miller has listed 3 ways the project is looking into ways working to decrease its dominance in the MEV market, which could help Ethereum become resistant to censorship and more decentralized.
Miller claims that Flashbots is working to reduce its influence. First, the project recently made its relay source code available for free. Miller says that in the coming weeks, the project will open source more of its infrastructure and knowledge base.
CBW - External Analyst