Keynote on Chainlink Fair Sequencing Services (FSS)
summary
Describes a two‑phase system that replaces miner ordering with Chainlink Decentralized Oracle Networks running encrypted submission, threshold decryption and an ordering layer, claiming to mitigate sandwich and front‑running MEV. Phase one implements secure causal ordering using encryption so payloads are hidden until after ordering; phase two adds Iquitas consensus to order by receipt time. It claims strong reduction of observable MEV, notes metadata leakage and network‑adversary limits, and provides a secure backstop.
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