Ethereum

Bitcoin

Block

<a href="https://coinmarketcap.com/currencies/ethereum/" data-wpel-link="external" target="_blank" rel="nofollow external noreferrer">Ethereum</a> developers have introduced a new Ethereum Improvement Proposal, EIP-7732, aimed at overhauling the block validation process to enhance blockchain speed and efficiency. 
EIP-7732 proposes significant changes by dividing block validation into two distinct processes: consensus and execution. 
This move is in response to the growing demand for improved efficiency on the Ethereum blockchain, aligning with Ethereum co-founder Vitalik Buterin’s push for faster transaction confirmation times. 
A core element of EIP-7732 is the Enshrined Proposer-Builder Separation (EPBS). 
This process divides block creation between the consensus proposer and the execution proposer. 
The consensus proposer selects an execution proposer, who then commits to producing a valid block containing essential information, such as a payment or block hash, for the proposer. 
To ensure the execution proposer fulfills their commitment, a group of validators known as the Payload Timeliness Committee (PTC) oversees the timely submission of the promised block. 
By separating the consensus and execution layers, EIP-7732 aims to reduce the computational load on validators, thereby increasing network efficiency and speed. 
Currently, the Ethereum blockchain requires validators to perform both roles within a short timeframe, potentially leading to inefficiencies and delays. 
EPBS allows validators to immediately focus on validating consensus while deferring execution validation to a later time without compromising network performance and security. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/marathon-digital-holds-steady-amid-bitcoin-downtrend-advances-mining-operations-and-renewable-heating-initiatives/" data-wpel-link="internal">Marathon Digital Holds Steady Amid Bitcoin Downtrend, Advances Mining Operations and Renewable Heating Initiatives</a> 
This proposed solution also includes a trust-free exchange between builders and proposers, ensuring payment and inclusion of valid blocks without the need for middleware. 
Vitalik Buterin highlighted the importance of fast transaction confirmation times in a post on June 30, stating, “One of the important properties of a good blockchain user experience is fast transaction confirmation times.” 
Following the transaction fee revamp by EIP-1559 and steady block times post-Merge, 
Ethereum’s transaction confirmation time has reduced to between five and 20 seconds. 
However, some applications require even faster speeds, beyond the current 12-second Gasper consensus mechanism. 
EIP-7732 promises faster transaction speeds, but it may necessitate another hard fork with backward-incompatible changes. 
As discussions around EIP-7732 continue, the Ethereum community remains hopeful for these proposed improvements. 
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk">sales@cryptointelligence.co.uk</a>.

Ethereum Proposes EIP-7732 to Revolutionize Block Validation and Improve Blockchain Speed

Crypto Intelligence

2024年7月6日公開の他の記事

Top Airdrops for This Month

Dogwifhat: How High Can WIF Price Trade in July?

5 Altcoins to Watch That Could Boom This Summer

Investors Expect Price Fluctuations Next Week

Solana-based memecoin Billy continues upward trend, soars over 44% days after listing

Will DOGE hit $0.125? Bulls back to support Dogecoin

ニュースレターを購読して暗号資産の最新情報を毎日入手！