Multiple Concurrent Proposers: Why and HowPranav Garimidi, Joachim Neu, Max Resnickhttps://arxiv.org/abs/2509.23984 https://arxiv.org/pdf/2509.23984
Multiple Concurrent Proposers: Why and HowTraditional single-proposer blockchains suffer from miner extractable value (MEV), where validators exploit their serial monopoly on transaction inclusion and ordering to extract rents from users. While there have been many developments at the application layer to reduce the impact of MEV, these approaches largely require auctions as a subcomponent. Running auctions efficiently on chain requires two key properties of the underlying consensus protocol: selective-censorship resistance and hiding.…