Jito launches BAM (Block Assembly Marketplace) to make transaction sequencing on Solana transparent, verifiable, and monetizable, all while combating MEV-related abuses.
Unleashing a Paradigm Shift for Solana’s Economy
The introduction of BAM, short for Block Assembly Marketplace, signifies a strategic turning point for Solana’s infrastructure. With this innovative system, the Jito Foundation is reshaping the rules of block construction and transaction sequencing.
Why is this important? BAM aims to make transaction sequencing transparent, verifiable, and monetizable. In an ecosystem plagued by MEV (Maximal Extractable Value) undermining performance and trust, BAM offers a technical solution that balances confidentiality and traceability.
Security, Modularity, Monetization: Pillars of BAM
Central to the innovation lies the integration of Trusted Execution Environments (TEEs). These secure environments, akin to cryptographic ‘black boxes,’ simulate and rank transaction bundles without exposing the private strategies of involved parties.
As a result, validators can verify results without compromising confidentiality, a significant leap forward in building trust among stakeholders.
However, BAM’s structure extends beyond this. It is built upon three key modules: BAM Nodes for transaction schedulers, BAM Validators for executing ordered transactions, and Plugins as an open and programmable interface for developers and traders to interact with BAM Nodes based on their logic.
This marks an economic revolution, as developers can create custom strategies and monetize them. The generated revenues can then be shared among validators, node operators, and stakers, creating a powerful alignment of incentives.
Goal: A Dynamic and Composable Blockspace
BAM is not merely another technical component. It unlocks a new playground for builders, where the infrastructure itself becomes programmable.
BAM paves the way for designing applications that were previously impossible.
– Lucas Bruder, CEO of Jito Labs
With an imminent deployment on the mainnet, backed by prominent validators like Figment, Helius, SOL Strategies, and Triton One, BAM emerges as a major catalyst for Solana’s future. It goes beyond network optimization to transform the blockspace into a dynamic, composable platform where every participant can code, control, and capture value.
This bold move may inspire other blockchains to rethink their own blockspace economies.
