Ethereum sidechains SKALE launches BIT protocol to prevent MEV attacks

BlockBeats reported on May 9 that the Ethereum sidechain SKALE has launched a consensus-level transaction privacy solution called the BITE protocol, aimed at eliminating maximal extractable value (MEV) attacks. The BITE protocol encrypts transaction data to prevent validators and MEV attackers from engaging in front running, sniping transactions, or excluding trades for their own benefit, thereby protecting user interests.