Market Data & Token Stats
| Fully Diluted Valuation | $3.14M |
|---|---|
| 24H Trading Volume | $45,312 |
| 24H Low / High | $0.003021 / $0.003652 |
| Circulating Supply | 378.52M |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
Key Project Information
| Categories | MEV Protection 5 more |
|---|---|
| Founder | Anonymous |
| Website | shutter.network Whitepaper 1 more |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Basescan 5 more |
| Contracts |
0xe48....83fd7
3 more
|
OGAudit Security Evaluation & Social Audit Metrics
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Shutter (shu) Expert User Reviews
Is Shutter safe or a scam? Read verified Crypto OG reviews about Shutter
$shu Markets
| Name | Pair | OG Score |
|---|
About Shutter
Ethereum faces a big issue with malicious Miner Extractable Value (MEV) and front running, where certain actors exploit transaction information for profit. Shutter (SHU) is a new open-source project designed to address these problems using advanced threshold encryption. Here’s a straightforward look at how Shutter works and what it offers.
What is Malicious MEV and Front Running?
Malicious MEV is the profit that miners or validators can make by reordering or excluding transactions in a block. Front running is a type of MEV where someone takes advantage of knowing about a transaction before it happens to make their own profit. This practice harms fairness and can lead to losses for regular users.
How Shutter Works
Shutter uses a technique called threshold encryption to prevent these issues. Instead of a single party having access to transaction details, Shutter splits the cryptographic keys needed to decrypt transactions among multiple parties. This way, no one party can see the transaction details before they are processed, stopping front runners from gaining an unfair advantage.
What Else Can Shutter Do?
Shutter’s encryption technology isn’t just for preventing MEV. It also has other potential uses:
Preventing Censorship: By keeping transactions encrypted and sharing control of the decryption keys, Shutter helps protect against censorship.
Securing Voting: It can be used to keep votes confidential and safe from tampering.
Fair Gaming: In gaming, Shutter can ensure that game actions and outcomes are secure and fair.
Conclusion
Shutter (SHU) offers a practical solution to the problem of malicious MEV and front running on Ethereum. By using threshold encryption, it not only protects transactions but also has potential applications in other areas like voting and gaming. As Ethereum grows, Shutter’s technology could play a key role in making decentralized applications more secure and fair.
What is unique about Shutter (SHU)?
Shutter (SHU) stands out by using threshold encryption to combat malicious MEV and prevent front running on Ethereum, ensuring transaction security and fairness.
Who are the founders of Shutter (SHU)?
The specific founders of Shutter (SHU) are snonymous.
Where can I buy Shutter (SHU)?
Uniswap V2 (Ethereum), Bilaxy
Information in this section carefully collected and curated from publicly available data from official sources, including the Shutter Official Website, Shutter Whitepaper, Shutter GitHub Repository and Shutter X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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