Flashbots Reveals New Version of Its Key Ethereum Software

Development of SUAVE, as the project is codenamed, has been going on for a year.

Oct 14, 2022 at 7:00 p.m. UTC

Updated Oct 14, 2022 at 7:14 p.m. UTC

Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.

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Flashbots, whose software plays a pivotal role in the Ethereum blockchain ecosystem, said Friday that for the past year it has been developing a new version of the technology.

The company announced this at Devcon in Bogota, Columbia, the biggest Ethereum conference of the year. Flashbots is a research and development team that has been working on ways to curb the potential harms of MEV – a controversial way of making money by reordering blockchain transactions.
The new version is called "SUAVE," a codename that stands for “Single Unifying Auctions for Value Expression.”
According to a presentation slide from Devcon, the software will be a fully decentralized block builder.
It will be open source and EVM-compatible, supported across multiple chains.
The Flashbots team announced that more details about SUAVE will be shared next week.
Flashbots garnered a lot of attention recently when it decided to make open source its MEV-boost code following the U.S. Treasury Department’s decision to sanction Tornado Cash transactions. This way others could develop their own non-censoring relays.

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