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#Flashbot: What are the Vulnerabilities?
Arbitrage bots front-running the transactions.
What? I tell the Ethereum network that I want to make a transaction. i.e. buying 100 ETH on #Uniswap. This action will take some time to confirm.
#smartcontracts #ethereumblockchain
Arbitrage bots front-running the transactions.
What? I tell the Ethereum network that I want to make a transaction. i.e. buying 100 ETH on #Uniswap. This action will take some time to confirm.
#smartcontracts #ethereumblockchain
During this period, it goes into this pool called Mempool. There, everyone can see that "hey, Lisa is going to buy 100 ETH. It is not executed yet."
The risk? Because this is public, bots can come in to pre-trade. They are called flashbots. The basically front-run your trade. They execute the trade before you.
