THE SPECTRE OF MEV ON BITCOIN

Summary from the TLDR Crypto newsletter

MEV has returned to Bitcoin due to the introduction of Ordinal Theory, leading to a reordering of blocks in Bitcoin’s chain and threats to the network's decentralization and neutrality. This analysis explores different forms of MEV in Bitcoin, such as Replace-By-Fee, Lightning Watch Tower Attacks, and Sniping Sidechain Auctions, emphasizes the importance of recognizing and addressing these issues, and proposes several potential solutions, including Rollups, BitVM, and Bitcoin-backed stake chains.