Ethereum continues to evolve by proposing a new update that promises to cut block time to 6 seconds. This significant change is expected to heighten competition in the blockchain market.
EIP-7782 Proposal
Ethereum developer Barnabé Monnot has proposed a new development to the Ethereum protocol in EIP-7782 that introduces a groundbreaking initiative to cut down block time to 6 seconds, a 50% decrease from its current timing of 12 seconds. This upgrade, dubbed the Glamsterdam upgrade, is slated for 2026 and will be built on Fusaka, a prior enhancement.
Benefits of the Upgrade
This upgrade incorporates Verkle trees for improved efficiency. Under this upgrade, the block proposal subslot timing will be decreased by 1 second, the attestation proposal subslot will decrease from 4 seconds to 1.5 seconds, and the aggregation proposal subslot duration will decrease from 4 seconds to 1.5 seconds. This will result in faster blocks and quicker confirmations.
Future of Ethereum
These changes aim to solidify Ethereum's position as the leading smart contract platform. If successfully implemented, Ethereum could set a new standard in blockchain performance. Discussions in the crypto community highlight the potential impact of such an upgrade on the market.
With the EIP-7782 proposal, Ethereum seeks not only to enhance network efficiency but also to strengthen its competitive advantages in the cryptocurrency landscape.
