SBIR Phase I: Next-Generation Maximal Extractable Value (MEV) Proof Distributed Ledger Architecture

该小企业创新研究 (SBIR) 项目更广泛的影响/商业潜力是确保使用分布式账本技术 (DLT) 的金融应用程序为消费者提供强有力的保护。该项目旨在改进现有的全球金融基础设施，将其替换为由拟议的下一代分布式账本架构提供支持的安全、开放、可访问的网络。进入传统金融网络是一项重大挑战，通常需要大量资本以及深厚的行业联系。就 DLT 的现状而言，它在安全支持金融应用方面仍面临挑战。 DLT 漏洞可能会让用户损失数十亿美元，并导致与传统金融基础设施相同的垄断动态。该项目旨在推进分布式账本技术的基础，以解决这些问题，并提供可在全球范围内运行的可访问、安全、民主化的金融基础设施，并支持无法承受传统金融基础设施的高经济成本或克服可访问性障碍的公司的无数增值用例。该 SBIR 第一阶段项目旨在推进分布式账本技术，以安全地支持金融原语。现代分布式账本中的交易信息在发起过程中是公开的，允许验证者利用这些信息，有时还利用他们的特权地位来攻击每个金融原语。例如，验证者利用套利机会并首先对自己的交易进行排序存在问题。财务最佳实践是将交易划分为不同的生命周期阶段，以确保消费者安全。该解决方案通过加密承诺方案将这些最佳实践引入 DLT。加密承诺方案允许用户在不披露敏感细节的情况下承诺采取行动，但是，传统流程需要集中化来协调披露的时间。该第一阶段项目的主要研究目标是证明具有现实世界延迟且没有集中计时或协调机制的去中心化承诺方案的可行性。拟议的架构将允许用户发起交易，而无需在发起时包含敏感的交易详细信息。如果没有敏感的交易细节，验证者就无法再利用这些信息谋取私利，从而使该架构能够提供提高金融应用程序安全性所需的安全性和隐私性。该奖项反映了 NSF 的法定使命，并通过使用基金会的智力优势和更广泛的影响审查标准进行评估，被认为值得支持。

The broader impact/commercial potential of this Small Business Innovation Research (SBIR) project is to ensure robust consumer protection for financial applications using distributed ledger technology (DLT). This project aims to improve upon existing global financial infrastructure by replacing it with a safe, open, accessible network powered by the proposed next-generation distributed ledger architecture. Accessing traditional financial networks is a major challenge, and often requires significant capital coupled with deep industry connections. As DLT stands today, there are still challenges for it to safely support financial applications. DLT vulnerabilities can cost users billions of dollars and is leading to the same monopolistic dynamics that are characteristic of traditional financial infrastructure. This project aims to advance the foundation of distributed ledger technology to address these issues, and deliver an accessible, safe, democratized financial infrastructure that can operate on a global scale and support the untold myriad of value-added use cases from companies that cannot sustain the high economic costs, or overcome the accessibility barriers, of traditional financial infrastructure.This SBIR Phase I project seeks to advance distributed ledger technology to safely support financial primitives. Transaction information in modern distributed ledgers is public during origination, allowing validators to exploit this information and at times their privileged position to attack every financial primitive. As an example, there are issues with validators taking arbitrage opportunities and sequencing their own transactions first. Financial best practices are to silo transactions into distinct lifecycle stages to ensure consumer safety. This solution brings these best practices to DLT through a cryptographic commitment scheme. Cryptographic commitment schemes allow users to commit to an action without disclosing sensitive details, however, the traditional process requires centralization to coordinate the timing for disclosure. The primary research goal and objective for this Phase I project is proving the viability of a decentralized commitment scheme with real world latency and no centralized timekeeping or coordination mechanism. The proposed architecture will allow users to initiate transactions without including sensitive transaction details at origination. Without sensitive transaction details, validators can no longer exploit this information for their own gain, allowing this architecture to provide the security and privacy necessary for improved safety for financial applications.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.