News and Insights from Dapplication Tech
As rational actors with economic incentive, miners have taken advantage of their power over the transaction data and opportunities for profit. Unfortunately, this black-hat behaviour comes at the expense of the user, as we explain below. This kind of profit is known as Miner Extracible Value or MEV (also known as Maximal Extractible Value), and it worries many users to see it become part of the decentralized finance (DeFi) blueprint.
In developing smart contracts on blockchain, changes that occur after the initial development time are impossible, as they are immutable from that point onward. To be changed, the entire written code must be taken down and rewritten afresh.
The role of EVM is to execute/deploy smart contracts. It’s basically responsible for facilitating smart contract functionality where the contracts are usually written in higher level programming languages
Safeguarding your digital assets and smart contract insurance. Can they co-exist?
Do you think Defi is endangering the financial system? the CFTC may think it does.
It seems that there are two specific structural problems that the DeFi community needs to address:
Lack of Transparency
Pseudonymity