[PRESS RELEASE – San Francisco, CA, May 8th, 2025]
BITE is ready to grow to be the primary protocol to eradicate MEV on the consensus degree, ending front-running, sandwich assaults, and different transaction exploits.
SKALE Labs, the group behind the gas-free invisible blockchain community SKALE, at the moment introduced the launch of BITE Protocol, the business’s first consensus-level resolution designed to eradicate Maximal Extractable Worth (MEV). With over $1.8 billion misplaced to MEV extraction since 2020, BITE Protocol seeks to deliver blockchain transactions according to that of conventional finance transactions, eliminating front-running ways which have plagued the business as extra conventional establishments enter the area.
BITE, brief for ‘Blockchain Built-in Threshold Encryption‘, prevents any occasion, together with validators, from accessing transaction contents earlier than a block is finalized. Whereas earlier makes an attempt at eliminating MEV have solely addressed points at a floor degree, BITE’s new cryptographic protocol integrates threshold encryption instantly into the consensus layer, making a basically degree enjoying area for all blockchain contributors. By encrypting transactions earlier than they enter the mempool and solely decrypting them after block finalization, BITE delivers true transaction privateness and equity.
SKALE Labs CEO and Co-Founder Jack O’Holleran commented, “BITE Protocol represents a watershed second for blockchain know-how, which may lead to making present L1 blockchain know-how out of date. BITE Protocol encrypts consensus and utterly removes MEV from blockchain, lastly placing an finish to front-running, sandwich assaults, time bandit assaults, and different strategies of taking worth from finish customers. Fairly than making use of band-aid options to the MEV downside, BITE addresses it at its root via cryptographic ensures within the consensus layer itself. “
The protocol is poised to rework the blockchain panorama from one the place privileged actors can exploit abnormal customers to 1 the place everybody operates with the identical data on the similar time, bringing blockchain nearer to the equity anticipated in conventional monetary markets whereas sustaining its decentralized nature. The protocol’s impression extends throughout decentralized exchanges, NFT marketplaces, lending protocols, on-chain video games, prediction markets, and real-world asset (RWA) tokenization platforms, the place transaction equity and privateness are important for bringing conventional belongings onto blockchain networks.
For extra data, please go to: https://skale.area/weblog/introducing-bite-protocol-the-end-of-mev-and-the-dawn-of-blockchain-privacy
About SKALE Labs
SKALE, the gas-free invisible Layer1 blockchain community, is “constructed completely different” to scale gaming, AI, social, and high-performance dApps to the plenty. SKALE Chains are gas-free, quick, and EVM-compatible, making them perfect for a variety of decentralized functions. With a dedication to driving the mass adoption of Web3 applied sciences, SKALE empowers builders and companies to construct scalable, environment friendly, and user-centric blockchain functions.
Harmonizing pace, safety, and decentralization, SKALE Labs was born in Cali in 2017 by Jack O’Holleran and Stan Kladko, PhD. As of 2025, the community serves over 55 million distinctive energetic wallets and has saved customers over $11 billion in gasoline charges.
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