Ethereum developers have introduced a new proposal, EIP-7781, aimed at improving network efficiency by reducing block times from 12 to 8 seconds. This adjustment could boost overall network capacity by 50%, enhancing transaction throughput and user experience.
The initiative, led by Ben Adams, also aims to improve rollup efficiency on Layer 2 networks and optimize the network for decentralized exchanges, potentially saving $100 million annually on transaction arbitrage costs. However, it may present challenges for solo stakers due to increased hardware and bandwidth demands.
This development is part of Ethereum’s broader strategy to maintain its leadership in blockchain scalability and usability.