【Skale Launches BITE Protocol to Eliminate Malicious MEV Attacks】Golden Finance reports that Layer 1 blockchain Skale has launched a new consensus layer solution called BITE Protocol, aimed at eliminating malicious MEV attacks. This protocol employs threshold encryption technology to encrypt transactions before they enter the memory pool and only decrypts them after block confirmation, thereby blocking validators from obtaining transaction information in advance to execute front-running or sandwich attacks. The innovation of the BITE Protocol lies in introducing the transaction ordering mechanism of traditional finance into the blockchain, ensuring that validators cannot profit from information asymmetry through built-in encryption safeguards on the consensus layer. Skale's CEO stated that this is a more thorough solution compared to existing options like private memory pools.