The latest report from Eden Network reveals encouraging trends for block builders, with increased profitability and growing competition in the Ethereum ecosystem.
One of the most valuable properties of many blockchain applications is trustlessness: the ability of the application to continue operating in an expected way without needing to rely on a specific actor to behave in a specific way even when their interests might change and push them to act in some different unexpected way in the future. Blockchain applications are never fully trustless, but some applications are much closer to being trustless than others.
Eden Network is in the business of transaction speed. We recently released Eden Speed RPC, which, for many users, is the fastest way to transaction propagation on Ethereum. More recently, Then we released the RPC Speed Test, an open source tool that compares the propagation speed of any Ethereum public endpoint.
Last week, we shared some research that answered the question:
What is the fastest way to get a transaction into the Ethereum mempool?
Time is a commodity, so speed should be a priority. We usually measure time in hours, minutes and seconds, but in crypto, milliseconds matter.
Crypto has recently received significant attention from media, policymakers and regulators; the most notable being the SEC's recent action against multiple crypto businesses and personalities. While the merit of these actions is up for debate, it's clear that regulation is not going away and will remain a relevant aspect of crypto and blockchain into the future.
This past Saturday was the one month anniversary of The Merge; Ethereum's landmark transition to Proof of Stake. That also means Eden Relay and block builder launched exactly one month ago, and it's been eventful, to say the least.
A week ago we all watched with great anticipation as Ethereum completed The Merge, moving the network to Proof of Stake consensus. This was also the launch of Eden Relay, now a part of the consensus layer that connects block builders to block producers/validators.
TL;DR action points at the end of the blog.
With The Merge well and truly upon us, the core team has been busy preparing how Eden Network will adapt to Ethereum as it transitions to Proof-of-Stake and proposer/builder separation.
Starting today, liquidity providers can stake EDEN-ETH Sushi LP tokens in the Eden Network web app and receive EDEN token rewards. Staked users will begin accruing token rewards and voting power on Monday, August 2 at 9:00pm EST.
On Ethereum block number 12,965,000 on August 5, Eden Network will go fully operational. The Eden Network’s mission is to protect users against malicious MEV and make Ethereum safer for regular users. Eden Network also improves the earnings of Ethereum block producers and increases the security of the network. The network will launch with support from several major Ethereum mining pools and a strong community that includes some of the biggest projects in crypto.