Ethereum research firm Flashbots is releasing a new privacy-enhanced block builder on Ethereum's Sepolia testnet, cryptauxmargaux reports.
Flashbots, an Ethereum research and development firm, has made open source a new block builder operating in a trusted environment, in this case a private mempool, on Ethereum’s Sepolia testnet, according to a press release shared exclusively with CoinDesk.
The research that Flashbots details will allow blocks to be built without revealing data on users’ transactions, a step toward enhancing privacy.Block builders are specialized third-party participants who construct blocks based on optimizing transactions. Block builders offer those blocks to relays, such as the relay Flashbots runs for, in order to extract extra revenue made from reordering or including certain transactions.
A mempool is like a waiting room, where pending transactions are sorted and stored before they are added to create a new block.Flashbots told CoinDesk the move aims to enable privacy features on Ethereum. The code was made open source in an effort to decentralize block building on the Ethereum protocol.
“Implementing block building inside encrypted enclaves brings us one step closer toward transaction confidentiality and decentralization of the block building role,” Flashbots
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