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Update batch-auctions.md (#301)
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Co-authored-by: mfw78 <[email protected]>
Co-authored-by: harisang <[email protected]>
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# Batch auctions

CoW Protocol collects and aggregates [intents](./intents) off-chain and settles them together in groups, known as *batches*.
These batches are then "auctioned off" through a competition to the [solver](./solvers) offering the most surplus for the orders in the batch.
The right to settle the orders in a batch is then "auctioned off" through a competition to the [solver](./solvers) offering the most surplus for the orders in the batch.

![Batch Auctions](/img/concepts/batch-auctions.png)

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