Join the coalition pushing to protect Ethereum users from toxic MEV and real-time censorship in the upcoming I* hardfork
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GM Anon ☀️
Just in case you were wondering: WTF is an Encrypted Mempool, and why should you care?
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The encrypted mempool working group met this week to discuss one of the biggest open questions in LUCID EIP design: the optionality problem. A thread 👇🧵
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5/ The original idea made the whitelist a hard requirement, and that raises a question: how can Ethereum preserve permissionlessness?
The call landed on a softer direction. Anyone can publish keys, self-reveal included. Whitelisted publishers are ranked at the top of the block.
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Encrypt the Mempool! retweeted
🔐 Who gets to hold the keys to Ethereum's encrypted mempool? Validators might soon vote on it.
Encrypt The Mempool #10:
→ Validators may soon allowlist trusted key publishers by vote, through an execution-layer contract where an address needs 50% of total effective balance to be accepted (delegation included).
→ Top-of-block ordering would prioritize allowlisted publishers, lowering market-entry barriers while letting newcomers earn before they hit the 50% threshold.
→ Threshold encryption and post-quantum requirements are parked until the crypto matures - the focus is now Lucid's optionality problem, with a key publisher revealing keys after commit.
→ Cadence moves to monthly, and Jannik is opening a PR to EIP-8184 to fold in the allowlist mechanism.
🔗 eipsinsight.com/calls/etm/10
#Ethereum #EncryptTheMempool #Lucid #MEV
@drakefjustin @weboftrees @encryptmempool
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Encrypt the Mempool 🛠 Tech Working Group meeting this Wed, Sept 16, 15:00 UTC
▸ Reducing optionality via key-reveal allowlist. How to maintain permissionlessness?
▸ PQ & threshold - off the table till crypto improves?
Add to your calendar
github.com/ethereum/pm/issue…
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Encrypt the Mempool ISN'T JUST ANOTHER PROJECT!
Protecting users from transaction manipulation strengthens:
1. Security
2. Reliability
3. Trust
These are the foundations crypto needs for meaningful, widespread adoption. So that "Fi" in DeFi can become a reality!
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Encrypt The Mempool 🔐
We're proud to join the new Encrypt the Mempool Coalition!
Alongside industry leaders, we're pushing to integrate an EIP to encrypt the mempool in Ethereum's I* Hardfork - to stop toxic MEV & real-time censorship in a decentralized & credibly neutral way.
Join the coalition 👇
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Excited to welcome our newest coalition member @RevokeCash!
They’ve done so much to make crypto safer, helping protect millions of users and millions of dollars from exploits. We’re honored to have their support 🙌
Join us in welcoming Revoke to the coalition!
We're proud to join the new Encrypt the Mempool Coalition!
Alongside industry leaders, we're pushing to integrate an EIP to encrypt the mempool in Ethereum's I* Hardfork - to stop toxic MEV & real-time censorship in a decentralized & credibly neutral way.
Join the coalition 👇
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Some people believe that encrypted mempools eliminate all MEV. But certain types of MEV are essential for maintaining healthy markets. Encrypted mempools should be viewed as a precise tool that specifically addresses malicious forms of MEV that emerge from information asymmetry.
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Working on a project inevitably means solving problems along the way.
So, regarding the publisher key:
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The encryption and decryption technologies used are central to the conversation around encrypting the @ethereum mempool.
We highlight two approaches that are currently being discussed: the LUCID encrypted mempool vs an enshrined encrypted mempool.
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It's always great to see new encrypted mempool designs posted on ethmagicians inspired by the work done here and with partners
ethereum-magicians.org/t/tac…
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Last week, we continued discussions around Enshrinement and moving forward with a temporary non-PQ (post-quantum) solution.
We'll use the thread below to provide insight into what Enshrinement is and why a non-PQ solution is currently under discussion 👇
Made with AI
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Why a temporary non-PQ solution?
Unfortunately, the cryptography Ethereum currently relies on is not post-quantum secure yet, meaning
if we enshrine an encrypted-mempool system today, protocol developers need to design the protocol so it can later migrate to PQ cryptography.
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