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Merge pull request #12127 from sandakersmann/dev
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Change miner to maximal in MEV
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corwintines authored Feb 13, 2024
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Maximal extractable value (MEV) refers to the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block.

## Miner extractable value {#miner-extractable-value}
## Maximal extractable value {#maximal-extractable-value}

Maximal extractable value was first applied in the context of [proof-of-work](/developers/docs/consensus-mechanisms/pow/), and initially referred to as "miner extractable value". This is because in proof-of-work, miners control transaction inclusion, exclusion, and ordering. However, since the transition to proof-of-stake via [The Merge](/roadmap/merge) validators have been responsible for these roles, and mining is no longer part of the Ethereum protocol. The value extraction methods still exist, though, so the term "Maximal extractable value" is now used instead.

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