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The Archive01 documents on file“Ethereum Proposer-Builder Separation Explained”The Archive01 documents on file“Ethereum Proposer-Builder Separation Explained”

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Ethereum Proposer-Builder Separation Explained

PBS splits block building from block proposing, reshaping MEV incentives, validator yields, and where ordering power actually concentrates.

Ethan Caldwell4 min read / 01.07.2026
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