Traditional Proof-of-Work (PoW) protocols were originally designed around solo mining, where rewards go to whichever individual achieves the winning result first. As a consequence, miners with more efficient hardware capture a disproportionate share of rewards, causing smaller participants to expend energy without meaningful returns. This dynamic pushes the ecosystem toward centralization and mining monopolies over the time.
While mining pools mitigate some of this imbalance, they remain tightly coupled to specific blockchains or protocols. FonkETH introduces a protocol-agnostic peer-to-peer (P2P) networking layer that allows miners of any scale to aggregate their compute, coordinate work, and share context-dependent opportunities (e.g., miners with different capabilities or insights can contribute uniquely to the process). This approach enables proportional reward distribution among participants based on their actual contribution.
Few years ago when I got introduced to MEVs by Jaredfromsubway.eth going viral, something clicked in me.
All-nighters and few-months of consistency led to my first-ever MEV bots (a Sandwich MEV bot), I used to update my therapist on weekly IRL sessions and tell her about how far I've come through this project.
Finally, after 3-4months I managed to get my first real profitable transaction ($0.01 of United States Dollar), welp I guess that was my peak as a solo developer?
After a few days I decided to build an Ethereum Wallet that is backed by MEV bots, hence all transactions are A) sent privately B) are profitable for me and users!
I guess it only took me 4-5 months to actually get a production ready wallet ready, but lol, who is going to market it now? not my introverted personality.. .
With that being said, here I am with an multi-mm idea, which is gathering dust.
Traditional Proof-of-Work (PoW) protocols were originally designed around solo mining, where rewards go to whichever individual achieves the winning result first. As a consequence, miners with more efficient hardware capture a disproportionate share of rewards, causing smaller participants to expend energy without meaningful returns. This dynamic pushes the ecosystem toward centralization and mining monopolies over the time.
While mining pools mitigate some of this imbalance, they remain tightly coupled to specific blockchains or protocols. FonkETH introduces a protocol-agnostic peer-to-peer (P2P) networking layer that allows miners of any scale to aggregate their compute, coordinate work, and share context-dependent opportunities (e.g., miners with different capabilities or insights can contribute uniquely to the process). This approach enables proportional reward distribution among participants based on their actual contribution.