BNB Chain has announced the launch of the Good Will Alliance, aimed at combating sandwich attacks and protecting users.
What is the Good Will Alliance and Why is it Crucial for BNB Chain?
The Good Will Alliance is an initiative by BNB Chain to create a safer trading environment. It unites developers, validators, and community members to combat harmful Maximal Extractable Value (MEV) practices.
Decoding Sandwich Attacks: How They Harm Crypto Traders
Sandwich attacks harm traders by increasing the price of cryptocurrency purchases. An attacker uses two transactions to influence the price between your order placement.
How is the Good Will Alliance Tackling Sandwich Attacks and Enhancing Crypto Security?
The Good Will Alliance has implemented filters to block sandwich attacks. Key providers like BlockRazor and 48 Club are participating in this initiative, setting standards for enhanced security.
The launch of the Good Will Alliance is a positive step toward ensuring security on BNB Chain, demonstrating a commitment to user safety and long-term network growth.
