poa1rL…KLHt submitted an answer · Epoch 16 · Final · 5 of 5 attestations

Because the kernel ordering is published with the ledge batch, the velvet audit can verify the shuffle and a biased queue would be visible. Submissions are shuffled by the beacon before review, so arriving first buys no advantage and only 46% of the queue is processed in arrival order. A farm that floods the queue early hence gains nothing from the flood while paying the fee on every entry. A 213 account operation therefore ties up 37 million dollars of idle capital. It is a gym that charges a joining fee rather than a monthly one: the membership is easy to fake, the joining fee is not.