Frontrun

CoinGecko által | Frissítve ekkor: Aug 28, 2020
In traditional finance, frontrunning or tailgating is a practice where traders or brokers execute a trade before a prior large order is executed. The said trader or broker will then sell their trades higher to the large order, owing to the order's slippage tolerance. This is highly illegal and unethical in the traditional finance. In the cryptocurrency context, frontrunning works the same but in DEX's where orders made are broadcasted to the blockchain for all to see, a frontrunner will attempt to listen to the blockchain to pick up suitable orders to frontrun by orders on the market and placing enough fees to have the transaction mined faster than the target's orders.

Ossza meg ezt egy ismerősével!

Kapcsolódó kifejezések

Enterprise Ethereum Alliance (EEA)
Enterprise Ethereum Alliance is made up for a group of Ethereum developers, corporations as well as startups who are collaborating to find ways to use Ethereum for business applications.
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Még több tudásra szomjazik?
Vissza a glosszáriumhoz vagy iratkozzon fel hírlevelünkre.
coingecko (thumbnail mini)
CoinGecko iOS-ra
coingecko (thumbnail mini)
CoinGecko Androidra