Ethereum

Boost

Bitcoin

Block

<a href="https://coinmarketcap.com/currencies/ethereum/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

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

Crypto Intelligence

发布于 2024年7月5日的其他文章

Viral Telegram Clicker Game Hamster Kombat Reaches 239 Million Users In 81 Days

Boost Your Portfolio With MoonBag: The Top Crypto Presale Generating Massive Hype Amidst Hedera B...

Best cryptos to own in 2024

From Hyper-Casual to Immersive: The Journey of SNORT — On The Run

Bitcoin Falls Below $55K After Mt. Gox Transfers 47229 BTC

US Regulators Causing Panic of Crypto Banking Services, Former Solicitors General Accuses

订阅我们免费的电子期刊，获取每日最新加密领域动态！