Blockchain research and infrastructure provider Flashbots introduced the beta version of its MEV-Share protocol, aiming to distribute a portion of Maximal Extractable Value profits to Ethereum users.

Incorporated within Flashbots Protect, a remote procedure call (RPC) tool that can be integrated with users' wallets, the MEV-Share protocol seeks to defend against bots trying to extract profits by front-running user transactions, according to a statement. It does so by giving users control over the execution of their transactions on the Ethereum network. The concept was first introduced by the Flashbots team in February.

MEV is a technique that involves manipulating transaction sequencing to capitalize on profitable on-chain trades, such as arbitrage and front-running of transactions.

(by Vishal Chawla)