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Flashbots Launches BuilderNet to Decentralize Ethereum’s Block Building

  • BuilderNet, a decentralized block-building network for Ethereum, was officially launched on November 26.
  • Operated by Flashbots, Beaverbuild, and Nethermind, this network aims to address centralization issues while bolstering censorship resistance and neutrality on Ethereum.
  • Approximately 88% of Ethereum blocks in recent weeks were built by Beaverbuild and Titan Builder, raising concerns about centralization and censorship.
  • BuilderNet introduces a multi-operator system using Trusted Execution Environments (TEEs) to collaboratively build blocks, redistributing the Maximal Extractable Value (MEV) back to users and promoting fairness and transparency.

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