Technology Innovation - Batched Threshold Encryption (BTE) is redefining blockchain transaction privacy [1] - BTE unlocks an entire batch of transactions with a single compact proof, drastically reducing data overhead [1] - This constant-size design makes encrypted mempools scalable and practical for Layer 2 solutions [1] Industry Impact - BTE offers a path to MEV-free, fair DeFi [1] - BTE is relevant to L2s like Metis and Espresso [1]

Technology & Innovation - Batched Threshold Encryption (BTE) technology has the potential to redefine fairness in DeFi by mitigating frontrunning and sandwich attacks, which are central to extractive MEV [1] - The BEAST-MEV upgrade significantly reduces decryption times to under 1 second for approximately 500 transactions [2] - The upgrade requires only 6KB communication and features silent, non-interactive setup, marking a substantial improvement over previous models [2] DeFi Market Impact - BTE could be a breakthrough for making DeFi fair, private, and trustless [3]

MEV (Miner Extractable Value) & Transparency - MEV thrives on mempool transparency, creating opportunities for value extraction [1] - Threshold encryption aims to counter MEV by encrypting transaction payloads until block ordering [1] Threshold Encryption & Shutter - Threshold encryption keeps transaction payloads encrypted until they are ordered into a block [1] - Shutter is a pioneer in utilizing threshold encryption to address MEV concerns [1]