BlockPI NetworkMEV Protection and Global Cast Functions at BlockPI
At BlockPI, we are committed to providing our users with the best tools for managing their blockchain transactions. Today, we’re excited to introduce two powerful features: MEV Protection and Global Cast. These enhancements are designed to optimize your transaction experience on the BSC, Ethereum, and Polygon mainnets. Now you can see the Transaction Broadcasting in the API key page of these three chains.MEV ProtectionOur MEV (Miner Extractable Value) Protection feature is designed to safegua...
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The BlockPI provides efficient, reliable and high performance decentralized API service for Web3 builders. https://public.blockpi.io/
BlockPI NetworkMEV Protection and Global Cast Functions at BlockPI
At BlockPI, we are committed to providing our users with the best tools for managing their blockchain transactions. Today, we’re excited to introduce two powerful features: MEV Protection and Global Cast. These enhancements are designed to optimize your transaction experience on the BSC, Ethereum, and Polygon mainnets. Now you can see the Transaction Broadcasting in the API key page of these three chains.MEV ProtectionOur MEV (Miner Extractable Value) Protection feature is designed to safegua...
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BlockPI Service UpdatesAt BlockPI, we believe in the power of continuous improvement and innovation. Over the past months, we’ve been hard at work refining our platform, implementing dozens of upgrades to provide our users with the cutting-edge performance and reliability. In addition, we have also introduced new features to enhance your user experience.BlockPI APITo make accessing account information easier for our users, we have introduced the blockpi_ namespace in our API. With this update...
BlockPI NetworkBlockPI Updates: Achievement Highlights, AVS Exploring, Web3 Events Participation
Numbers to RememberMarch was a fruitful month for us, and here are some important numbers that you can refer to.Infra Partnership HighlightsWe have achieved significant milestones in the partnership aspect over the last few months.Merlin Chain First thing first, we have expanded our presence in the BTC ecosystem. We successfully integrated with Merlin Chain and supported the launch of Merlin Mainnet as their official infra partner. With our rich experience and solid skills, the entire process...
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At BlockPI, we are committed to providing our customers with a one-stop infrastructure solution that empower them to navigate the ever-evolving landscape of blockchain technology. To enhance the user experience of using BlockPI RPC, we have introduced MEV (Miner Extractable Value) protection on the BSC mainnet, Ethereum mainnet, and Polygon mainnet.
MEV refers to a strategy employed by “searchers” to exploit your transactions at your expense.
Whenever a user engages in a transaction that holds value, these searchers can “frontrun” it by submitting the exact same transaction before it, thereby securing the profits for themselves. Additionally, after being frontruned, the user may also experience “backrunning,” where the searcher mitigates any price slippage caused by the user’s trade and once again keeps the profits. When both frontrunning and backrunning occur together, it is referred to as a “sandwich attack.”MEV attacks result in receiving an unfavorable price for your transactions and can potentially cause the blockchain user to lose significant amounts of money, ranging from hundreds to thousands of dollars.
At BlockPI, we have integrated the MEV protection into our RPC service to protect your transactions against the above attacks. If you send transactions through BlockPI’s RPC, they will not get into the public mempool — the searchers cannot find them, so they are not able to exploit your transactions.
Please be aware that the blockchain Explorer does not display the pending status of your transactions (TXs). Once your TX has been successfully included in the blockchain, you will be able to locate it on the Explorer.
We use the MEV-Boost protocol, which is currently the most popular and widely adopted protocol in the industry for MEV protection. This protocol is known for its maturity and stability, ensuring a secure environment for your transactions.
Additionally, we have developed our own load balancing mechanism. In the event of network congestion on the MEV network, our system will promptly route user transactions to the public mempool, ensuring smooth and uninterrupted service.
Public Service
The MEV protection feature is enabled for our public RPC endpoints. Go to https://public.blockpi.io/Click the Metamask icon of the endpoint to add BlockPI’s public RPC in your wallet, then you are protected.
Due to the restriction of Metamask, you have to manually add the Ethereum endpoint. Here is the tutorial.
If you wish to enjoy our high-quality services but do not want to utilize MEV protection, You can configure this feature in a private endpoint.
Private Service
If you already have a BlockPI account, you will find a toggle switch for the MEV protection in your endpoint subpage.
This switch is enabled by default, allowing users to choose whether to activate the MEV protection. This feature does not result in an increase in RU consumption and protects you from front-running and sandwich attacks. Therefore, we highly recommend that you enable this functionality.
Start here: https://dashboard.blockpi.io/
BlockPI Network is a distributed multi-chain acceleration layer, engaging in an accessible and decentralized Web3 environment. The BlockPI provides efficient, reliable and high performance decentralized API service for Web3 builders.
At BlockPI, we are committed to providing our customers with a one-stop infrastructure solution that empower them to navigate the ever-evolving landscape of blockchain technology. To enhance the user experience of using BlockPI RPC, we have introduced MEV (Miner Extractable Value) protection on the BSC mainnet, Ethereum mainnet, and Polygon mainnet.
MEV refers to a strategy employed by “searchers” to exploit your transactions at your expense.
Whenever a user engages in a transaction that holds value, these searchers can “frontrun” it by submitting the exact same transaction before it, thereby securing the profits for themselves. Additionally, after being frontruned, the user may also experience “backrunning,” where the searcher mitigates any price slippage caused by the user’s trade and once again keeps the profits. When both frontrunning and backrunning occur together, it is referred to as a “sandwich attack.”MEV attacks result in receiving an unfavorable price for your transactions and can potentially cause the blockchain user to lose significant amounts of money, ranging from hundreds to thousands of dollars.
At BlockPI, we have integrated the MEV protection into our RPC service to protect your transactions against the above attacks. If you send transactions through BlockPI’s RPC, they will not get into the public mempool — the searchers cannot find them, so they are not able to exploit your transactions.
Please be aware that the blockchain Explorer does not display the pending status of your transactions (TXs). Once your TX has been successfully included in the blockchain, you will be able to locate it on the Explorer.
We use the MEV-Boost protocol, which is currently the most popular and widely adopted protocol in the industry for MEV protection. This protocol is known for its maturity and stability, ensuring a secure environment for your transactions.
Additionally, we have developed our own load balancing mechanism. In the event of network congestion on the MEV network, our system will promptly route user transactions to the public mempool, ensuring smooth and uninterrupted service.
Public Service
The MEV protection feature is enabled for our public RPC endpoints. Go to https://public.blockpi.io/Click the Metamask icon of the endpoint to add BlockPI’s public RPC in your wallet, then you are protected.
Due to the restriction of Metamask, you have to manually add the Ethereum endpoint. Here is the tutorial.
If you wish to enjoy our high-quality services but do not want to utilize MEV protection, You can configure this feature in a private endpoint.
Private Service
If you already have a BlockPI account, you will find a toggle switch for the MEV protection in your endpoint subpage.
This switch is enabled by default, allowing users to choose whether to activate the MEV protection. This feature does not result in an increase in RU consumption and protects you from front-running and sandwich attacks. Therefore, we highly recommend that you enable this functionality.
Start here: https://dashboard.blockpi.io/
BlockPI Network is a distributed multi-chain acceleration layer, engaging in an accessible and decentralized Web3 environment. The BlockPI provides efficient, reliable and high performance decentralized API service for Web3 builders.
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