ETHEREUM SIDECHAIN SKALE LAUNCHES BITE PROTOCOL TO PROTECT AGAINST MEV ATTACKS

According to The Block, Ethereum sidechain SKALE announced the launch of the BITE protocol, a consensus-level transaction privacy solution, with the goal of eliminating maximum extractable value (MEV) attacks.

The BITE protocol will encrypt transaction data to protect users by preventing validators and MEV attackers from preemptively trading, sniping transactions, or excluding transactions for their own benefit.

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