Ethereum’s Security: Why Transparency Should Take a Backseat for Fairness

Loring Harkness, Head of Commercial at brainbot GmbH and Shutter, explores Ethereum’s vulnerability to malicious MEV attacks and argues for an encrypted mempool as the solution. The article highlights the inherent transparency issues with Ethereum’s current architecture and suggests that prioritizing fairness over absolute transparency is key for the chain’s long-term success in attracting new users. The author advocates for encrypting the mempool, a major architectural shift, to minimize malicious MEV and ensure a more level playing field for all participants on the blockchain.