Offchain Labs proposal: launch new transaction sequencing strategy for Arbitrum

On March 4, the Arcitrum development team Offchain Labs published a new proposal and is proposing a modified transaction sequencing strategy for the Arcitrum sequencer, adding a time boost to the current first-come-first-served strategy, that is, the transaction can pay a priority fee to gain a small advantage or gain a time boost in the sequencing. This should not affect most users, but it can provide a better way to manage latency racing. The Arbitrum sequencer will apply the time promotion formula, adjust the timestamp accordingly, and sort the transactions according to the increasing order of the adjusted timestamp.

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Keywords: Offchain Labs, Arbitrum sequencer, modified transaction sequencing

Offchain Labs, the development team behind the Arbitrum sequencer, has proposed a new approach to transaction sequencing that aims to improve user experience by adding a time boost to the current first-come-first-served strategy. Under the new system, a transaction can pay a priority fee to gain a time boost in the sequencing process, which can help manage latency racing and minimize delays in transaction processing.

While most users may not be affected by this change, it could be a significant improvement for those who use the Arbitrum sequencer for high-frequency trading or other time-sensitive operations. By giving users the option to pay a priority fee for faster transaction processing, the new strategy could help reduce the risk of missed trading opportunities and improve overall efficiency for businesses and individuals using the platform.

To implement the new strategy, the Arbitrum sequencer will apply a time promotion formula that adjusts the timestamp for each transaction based on the priority fee paid. The transactions will then be sorted in increasing order based on the adjusted timestamp, which should ensure that those with higher priority fees are processed more quickly.

Overall, the proposed modification to the Arbitrum sequencer’s transaction sequencing strategy could be a valuable improvement for users of the platform, particularly for those who require fast and reliable transaction processing. It will be interesting to see how the new approach is implemented and adopted in the coming months, and whether it helps cement Arbitrum’s position as a leading platform for decentralized applications and trading.