Ethereum Block Construction Research Makes New Progress, Longer Participation Model May Become Future Trend

Recently, the Ethereum market has shown a volatile trend, with prices slightly retreating and trading volume decreasing. Technical indicators suggest that Ether may be in an oversold state, increasing the likelihood of a market correction.

On August 7, the co-founder of Ethereum summarized the current research on block construction. He pointed out that there is a general consensus in the industry that having multiple participants jointly contribute block transactions is a good direction. However, there is still controversy over how to avoid the "last action problem." He believes that the field of block construction is nearing breakthrough progress. In addition, a new design proposal called Braid has also attracted attention.

Block construction is the process of forming new blocks in a blockchain network, involving transaction verification and packaging among other aspects. It has a direct impact on the operational efficiency, scalability, and security of the blockchain. The multi-party participation transaction contribution model helps to enhance the level of decentralization and security, while also improving transaction processing efficiency and fairness.

The "last actor" problem refers to the competitive pressure that participants may face when trying to add transactions just before a Block is formed. This may result in some transactions being delayed or excluded from the Block.

The core concept of the new design of Braid is to run multiple Ethereum consensus instances simultaneously, aiming to significantly improve network efficiency and throughput. This innovation may bring new directions for the future development of Ethereum.

Regarding the extractable value ( MEV ) issue for miners, the founder of Ethereum has previously proposed some solutions, including MEV isolation, MEV minimization, inclusion lists, and standardized node requirements. The multi-party participation transaction contribution model helps to some extent alleviate the challenges posed by MEV, but it still requires comprehensive consideration of other technologies and community consensus.

Overall, the latest progress in Ethereum block construction research points to possible directions for its future development. The longer participation model is expected to become a trend in future development, but the specific implementation effects still need further observation and verification.