Time Is Money: Incentivized Causal Transaction Ordering

arXiv:2607.11496 · cs.CR, cs.DC · Submitted 2026-07-13 · Read on arXiv

Hongyin Chen, Xu Zheng, Jichen Li, Ittay Eyal

cs.CR, cs.DC

Submitted: 2026-07-13

Code: https://github.com/XRPLF/rippled

License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/

Terminology

• Security and Privacy — 8× in this paper
• Adam — 3× in this paper · explained in 2 episodes
• Nash Equilibrium — 3× in this paper · explained in 2 episodes
• Abstention — 2× in this paper · explained in 1 episode
• Core — 2× in this paper · explained in 2 episodes
• Differential Privacy — 2× in this paper · explained in 4 episodes
• IEEE International Conference on Blockchain and Cryptocurrency — 2× in this paper
• Subgame-Perfect Nash Equilibrium — 2× in this paper
• Aggregation — 1× in this paper · explained in 1 episode
• Conference on Dependable Systems and Networks — 1× in this paper
• Generalization — 1× in this paper · explained in 13 episodes
• Regret — 1× in this paper · explained in 3 episodes
• Verification — 1× in this paper · explained in 2 episodes

Sources

• Timing Games: Probabilistic backrunning and spam
• Blockspace Under Pressure: An Analysis of Spam MEV on High-Throughput Blockchains
• F3B: A Low-Overhead Blockchain Architecture with Per-Transaction Front-Running Protection
• Front-running Attack in Sharded Blockchains and Fair Cross-shard Consensus
• Condorcet Attack Against Fair Transaction Ordering
• FairDAG: Consensus Fairness over Multi-Proposer Causal Design
• Travelers: A scalable fair ordering BFT system
• Maximal Extractable Value (MEV) Protection on a DAG
• PROF: Protected Order Flow in a Profit-Seeking World
• Mempool Privacy: An Economic Perspective
• Mechanism Design for Automated Market Makers
• Eating sandwiches: Modular and lightweight elimination of transaction reordering attacks
• The Monotone Priority System: Foundations of Contract-Specific Sequencing

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