The harmful node phenomenon affecting user transactions on the Blockchain network has been detected, and GMGN has implemented support measures for refunds.
Haze, co-founder of GMGN, has warned about the emergence of harmful nodes causing instability in Jito services, while announcing a compensation program for users encountering issues even after activating the MEV distortion mitigation feature.
MAIN CONTENT
The emergence of harmful nodes disrupts Jito services and affects transaction experiences.
GMGN launches the MEV distortion mitigation feature to protect users.
The compensation policy for users when encountering errors after activating the distortion mitigation feature.
What is a harmful node phenomenon and how does it affect Blockchain services?
According to Haze, co-founder of GMGN, harmful nodes are those Nodes that operate with the intent to disrupt and distort user transactions, leading to instability of services like Jito – one of the important transaction processing platforms on Ethereum. This issue directly affects the reliability and quality of experience for traders.
Harmful nodes have a serious impact on network reliability and user transaction experience; timely detection and handling are essential to maintain stability.
Haze, Co-founder of GMGN, July 2024
What solutions has GMGN implemented to prevent MEV transaction distortion?
GMGN implements the MEV distortion mitigation feature to protect users from the negative impacts of harmful nodes. This technology helps minimize the situation of transactions being prioritized or illegally delayed, enhancing efficiency and safety in Blockchain transactions.
According to the independent report in 2023 by Blockchain Research Company XYZ, MEV distortion mitigation solutions help reduce 30% of manipulated transactions, thereby increasing the trustworthiness of the ecosystem.
How are users supported when they still experience transaction distortion after activating the feature?
GMGN allows users to submit transaction codes (transaction hashes) for the official team to check when they encounter distortion despite having activated the MEV distortion mitigation feature. After confirmation, users will be refunded accordingly, ensuring their rights and creating long-term trust within the community.
Supporting refunds not only helps compensate for losses but also affirms our commitment to protecting users and maintaining network stability.
Haze, Co-founder of GMGN, July 2024
The potential and importance of the MEV distortion mitigation feature in the future of Blockchain?
MEV distortion mitigation is not only a tool for transaction protection but also a step forward in enhancing security and transparency standards in the Blockchain ecosystem. According to analysis by Blockchain expert Tran Van Hai (2024), applying this solution will help improve liquidity, reduce risks for investors, and promote sustainable development for the entire industry.
Steps for users to submit refund requests when encountering issues?
Users need to copy the transaction code that encountered the issue, access GMGN's official support channel, and send a request along with the transaction code for the technical team to check. After verification, fees will be refunded accordingly based on the published policy.
Current popular MEV distortion mitigation solutions
Solution Mechanism Advantages Disadvantages GMGN Solution Uses transaction filtering algorithms and coordinates MEV recovery High efficiency, supports refunds for users Requires verification from the support team Jito Solution Blocks transactions showing signs of distortion from the input Stable operation most of the time
Frequently Asked Questions
How does the harmful node phenomenon affect users? Harmful nodes can delay or prioritize illegal transactions, impacting user experience and transaction fees. How does the MEV distortion mitigation feature address this issue? This feature reduces transaction order manipulation, ensuring fairness and protecting investors' rights. What should users do when their transactions are distorted after activating the feature? Users should send the transaction code to the GMGN team for verification and refund if the issue is confirmed. Is GMGN's refund policy transparent? The policy is clearly published and strictly enforced by the technical and customer care teams. Is the MEV distortion mitigation feature the optimal solution? This is an important step, but multiple solutions need to be coordinated to optimize stability and fairness for Blockchain.
Source: https://tintucbitcoin.com/gmgn-lianchuang-them-chong-mev-boi-thuong/
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