Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: ABCbits on October 08, 2024, 11:50:51 AM
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New EIP-7781 to make Ethereum faster by 33%
A new EIP to make Ethereum faster
Everyone wants the Ethereum network to be faster. This can be achieved in one of three ways:
- Reduce slot times (i.e. the time intervals between newly proposed blocks).
- Make blocks bigger by increasing gas limits.
- Improve blob (Binary Large OBject) transactions capacity, a temporary form of data structure introduced in EIP-4844 that allowed L2s to settle to Ethereum more cheaply.
This weekend saw the emergence of the newly proposed EIP-7781 (https://github.com/ethereum/EIPs/pull/8931) aimed at the first... Read more here (https://blockworks.co/news/0xresearch-newsletter-eip-7977).
Proposal behind this EIP means more blocks will be created. I read some people say ETH gas/TX fee is rather high, so let's see how much average gas/TX fee could be reduced if this EIP is accepted. Your opinion is greatly appreciated.