Ethereum: New EIP Could Enhance Layer 1 Speed By 33%

Quick Summary:

A new Ethereum Improvement Proposal (EIP), EIP-7781, introduced on October 5 by Illyriad Games co-founder Ben Adams, could significantly boost Ethereum’s transaction throughput by reducing the network’s slot time from 12 seconds to 9 seconds.

The proposed change is aimed at increasing transaction throughput by approximately 33%.

By smoothing out bandwidth needs, Ethereum could maintain greater efficiency and reduce stress on node operators, particularly those with limited bandwidth capacity.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: ETH news ETH Ethereum ETH Price Ethereum news Ethereum EIP 7781 Ethereum price EIP-7781

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 14:30:08 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22925128

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News Last Updated: 8 hours ago

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