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Adds MEV definition #94

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Adds MEV definition #94

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ed79043
Adds MEV definition
rngkll Oct 20, 2021
402baa8
Changes Miners to Maximal
rngkll Oct 20, 2021
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2 changes: 1 addition & 1 deletion README.md
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# Flashbots

Flashbots is a research and development organization working on mitigating the negative externalities of current MEV extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum. Our primary focus is to enable a permissionless, transparent, and fair ecosystem for MEV extraction. It falls under three goals: Bringing Transparency to MEV Activity, Democratizing Access to MEV Revenue and Enabling Fair Redistribution of MEV Revenue
Flashbots is a research and development organization working on mitigating the negative externalities of current [Maximal Extractable Value](https://ethereum.org/en/developers/docs/mev/)(from now on MEV) extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum. Our primary focus is to enable a permissionless, transparent, and fair ecosystem for MEV extraction. It falls under three goals: Bringing Transparency to MEV Activity, Democratizing Access to MEV Revenue and Enabling Fair Redistribution of MEV Revenue

Our efforts are focused on three verticals:
* Flashbots Auction: a private communication channel between miners and searchers for transparent and efficient MEV extraction.
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