Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy

[openzeppelin]

OpenZeppelin, the Security Member of the ARDC, reviewed the proposal to adopt Timeboost for security and implementation risks. We found no security issues with the proposed design at this time.

There is no code or decentralized version today, but community approval would grant Offchain Labs and Espresso Systems the runway to develop those things. Those details are where most of our security concerns will be so we look forward to reviewing their work when it’s available.

More on our Security Analysis here:

Timeboost Security Analysis

OpenZeppelin, the Security Member of the ARDC, reviewed the proposal to adopt Timeboost for security and implementation risks. There are no issues with the proposed design at this time. Summary Financial markets reward first actors. Because Arbitrum’s Sequencer is “first come, first serve” and fully open, anyone that sees an opportunity to make a profit can send a transaction to realize the gain. The trouble is that a lot of these opportunities become visible to the entire market at the same ti…