The startup is onboarding BTC miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.
Rebar Labs aims to launch the first Bitcoin-native platform for shielding traders from maximum extractable value (MEV) strategies, such as fron-trunning, by the end of 2024, CEO Alex Luce told Cointelegraph in an interview.
Bitcoin’s emerging ecosystem of native decentralized exchanges (DEXs) and layer-2 (L2) scaling solutions has reinvigorated the oldest blockchain network but has also created new risks for traders, including harmful MEV.
“Right now, if we’re talking about MEV, the most obvious example on Bitcoin is front-running,” Luce said. “It’s happening fairly often.”
