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Proceedings/Recueil Des Communications Année : 2023

Commit-Reveal Schemes Against Front-Running Attacks (Extended Abstract)

Résumé

We provide a game-theoretic analysis of the problem of front-running attacks. We use it to study a simple commit-reveal protocol and discuss its properties. This protocol has costs because it requires two messages and imposes a delay. However, we show that it prevents the most severe front-running attacks ("bad MEV") while preserving legitimate competition between users, guaranteeing that the earliest transaction in a block belongs to the honest user who values it the most ("good MEV").
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Dates et versions

hal-04310265 , version 1 (27-11-2023)

Identifiants

Citer

Andrea Canidio, Vincent Danos. Commit-Reveal Schemes Against Front-Running Attacks (Extended Abstract). Volume 110, Schloss Dagstuhl - Leibniz-Zentrum für Informatik, pp. 7:1-7:5, 2023, ⟨10.4230/OASIcs.Tokenomics.2022.7⟩. ⟨hal-04310265⟩
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