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More than a year after its initial announcement, Arbitrum launched Timeboost yesterday.

Timeboost is a new way of ordering transactions on Arbitrum. That seems pretty boring and unexciting on the surface, but hopefully we can show you why it’s a pretty big deal.

Transactions today on Arbitrum are ordered on a simple first come, first serve (FCFS) basis. Seems fair! But it’s problematic in practice:

Financial systems need a way to efficiently process transactions. When markets crash, a lending application like Aave needs a way to quickly liquidate pledged collateral before prices… Read more on Blockworks