JAKARTA The 1inch crypto exchange Agregator released a new tool called "Rabbithole" on November 25. According to the company, the tool will protect merchants from dangerous "sandwich attack" (sandwich attack). The team announced the launch of the tool in a press release to Cointelegraph, Friday, November 25.
Rabbithole works by allowing users to send direct transactions to the Ethereum node, past the pool. To use it, users need to change the end point of the remote procedure call (RPC) in their crypto wallet.
After that, each exchange that starts through 1inch will be analyzed by a private tx lead algorithm developed by the 1inch team and then sent to the validator directly if there is a possibility of a sandwich attack.
According to a press release, sandwich attack is a font-runner crypto type consisting of three steps:
This type of attack is named after the coating'' of the victim's transaction between the two transactions submitted by the attacker.
According to a report by TarLogic, it was titled, tracking crypto blockchain striker Ethereum: Measuring sandwich attacks, more than 60,000 Ether disappeared from sandwich attacks from May 2020 to April 2022. That value is more than 72,000,000 US dollars (Rp1.12 trillion) in the fourth week of November 2022.
The R&D crypto team, Flashbots, has previously released a library python that allows users to send transactions directly to nodes. However, this library can only be used in the developer environment.
According to 1inch, Rabbithole is a library that works similar to Flashbots, but also includes consumer-friendly frontends for users.
Rabbithole is the latest in a series of upgrades to a 1-inch decentralized exchange aggregator (DEX). In August 2021, the team launched the Ethereum layer 2 version on Optimism and in November 2021, a new mainnet router to optimize fuel costs is implemented.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
