Arbitrum Launches Vote on Changing Sequencing Strategy, Prioritizing Auction Transactions

Article is form followin
September 12, 2024
This article is translated by ChatGPT Show original
Back Icon Image

On September 13, Arbitrum initiated a vote to adopt a new transaction ordering strategy called Timeboost for both Arbitrum One and Nova. This strategy provides traders with a fast lane for transactions through an auction, allowing them to gain priority in the transaction order. This enables them to capitalize on arbitrage and front-running opportunities. The proposal also presented two primary revenue handling methods: depositing ETH revenue into the DAO treasury or burning ARB revenue. If the proposal passes, a public testnet will be conducted. Currently, 57.7% of voters support depositing the collected ETH into the DAO treasury.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.