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TechFlow reports, Ethereum co-founder Vitalik Buterin said "MEV auctions" could lead users to flood the network with numerous transactions in an attempt to be the first transaction, potentially negatively impacting the protocol. He noted that during the 2017 ICO era, some projects attempted to ban transactions with gas prices exceeding 50, but this resulted in a large number of spam transactions on-chain.
Ethereum co-founder Vitalik Buterin said that "MEV auctions" could negatively impact the protocol by incentivizing users to flood the network with excessive transactions in an attempt to be the first in line. He noted that during the 2017 ICO era, some projects attempted to ban transactions with a gas price over 50, but this resulted in a large number of spam transactions on-chain.
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