Solana co-founder: Increasing competition among block producers may be a potential solution to the MEV problem

ChainCatcher news, Solana co-founder Anatoly Yakovenko stated on social media that the solution to MEV is simple—let each user have their own block producer (node) and produce blocks themselves. This way, each user can ensure that there is no unexpected MEV when submitting transactions. However, this is practically impossible, as we cannot support tens of thousands of block producers online at the same time, let alone achieve sub-100 millisecond time slots globally.

So what is the suboptimal solution? The answer is to maximize competition among existing block producers and allow users to choose which block producer they want to package their transactions. This is still an engineering problem, but it is not impossible to achieve. The more block producers scheduled per second, the shorter the wait time for users to get the best packaging quotes. Reducing block intervals, parallel processing, faster node rotation, and so on can improve this situation. The market will make choices on these issues, and importantly, users need to be willing to submit their transactions to this type of block auction.