Arbitrum launches vote to change ranking strategy, auctioning transaction priority

According to BlockBeats, on September 13, Arbitrum initiated a vote. Arbitrum One and Nova plan to adopt a new transaction sorting strategy called Timeboost, which provides traders with a fast track through auctions to obtain transaction priority, thereby capturing arbitrage and back-running trading opportunities. The proposal also proposed two main ways to handle revenue: transfer ETH revenue to the DAO treasury, or destroy ARB revenue. If the proposal is passed, a public testnet test will be conducted, and currently 57.7% of voters support transferring the collected ETH to the DAO treasury.

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