Co-authored by Michael and Kubi (Gattaca). Special thanks to Thomas, Julian, Anders, Max and Niclas for their feedback and suggestions. Feedback is not necessarily an endorsement. Overview This post introduces relay block merging, a way of immediately increasing block value by offsetting two systemic inefficiencies: exclusive order flow on the builder level, and timing games on the relay level. This unlocks transparent revenue for relays, increases Ethereum’s censorship resistance, and prov...
