The new Ethereum improvement proposal EIP-7781, introduced on October 5, 2024, aims to reduce Ethereum’s block time from 12 seconds to 8 seconds.
Introduced by Ben Adams, co-founder of Illyriad Games, the upgrade also provides enhanced data capacity, potentially increasing network throughput by 50%.
A big step towards the future of Ethereum
In an October 6 post to They suggested that implementing this could reduce network bottlenecks and improve data capacity.
EIP-7781 is designed to expand the capacity of “blobs,” temporary data structures that reduce charges in Layer 2 (L2) networks.
The proposed changes aim to increase mainnet throughput while evenly distributing bandwidth usage. Some hope that this will ultimately reduce peak demand without increasing the number of blocks or blobs, ensuring smoother processing and lower latency, especially for L2.
Many people have expressed support for the proposed improvements. In a GitHub thread, Ethereum Foundation researcher Justin Drake noted that this plan is consistent with broader scaling goals outlined by Ethereum co-founder Vitalik Buterin and several other scaling organizations. did.
Drake said reducing block times would improve the efficiency of decentralized exchanges (DEXs) like Uniswap v3 by 22%, saving roughly $100 million annually in CEX-DEX arbitrage.
Additionally, experts say this upgrade could reduce confirmation time by 33% and improve the user experience of Ethereum smart contracts. This change spreads peak load times more evenly over more slots, reducing the burden during periods of high demand.
Potential concerns for solo stakers
Meanwhile, some developers are concerned about the impact this plan will have on solo stakers. According to some of them, shorter block times require faster execution and more powerful hardware, increasing bandwidth and processing demands. Challenges can arise for individual parties using consumer-grade hardware.
In response to Cygaar’s post, Adam Cochran, a partner at Cinnheim Ventures, said the EIP is “reasonable.” However, he stressed that gas limits for all blocks must be kept the same in order to be feasible for most users.
Additionally, the information science professor warned that the increase in requests could make it difficult for everyday users to act as validators, hindering Ethereum’s long-term decentralization goals.
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