Ethereum community proposes to increase network throughput by 33%
The initiative will reduce the waiting time when offering new blocks without changing the size of the blocks themselves
07.10.2024 - 09:20
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What’s new? A new blockchain improvement proposal (EIP) number 7781 has emerged in the Ethereum community that aims to reduce the slot time from 12 seconds to 8 seconds. Reducing the slot time would lead to more frequent block creation and improve the overall efficiency of the network.
What else is known? Initiative author researcher Ben Adams notes that the goal is to reduce latency in rollups — Ethereum-based Layer 2 (L2) networks — and increase throughput by about 33%.
The proposal to increase the gas limit from 30 million to 40 million, as well as increasing the blobs limit per block from 6 to 8, proposed late last month by Ethereum co-founder Vitalik Buterin, has the same goal. However, EIP-7781 is different in that it does not require an increase in peak throughput.
Vitalik Buterin: Ethereum block space for binary data is 75% full
The developer proposed to increase the blob count limit by implementing the EIP-7623 enhancement
So, if adopted by the community, this proposal will reduce latency rather than increase the gas limit or the amount of blobs per block. Since the size of each block remains the same, the peak throughput, the maximum data rate required, would not increase.
The initiative is currently at the stage of preliminary review and discussion.
In early 2025, Ethereum developers will conduct the Pectra hardfork in two stages, which will improve network scalability, allow wallets to be used as smart contracts, and increase the ETH limit in staking for each individual validator. The team decided to split the upgrade into two parts due to its high complexity.
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