• bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Faster Ethereum transactions

Faster Ethereum transactions proposed in new upgrade for improved network performance

Leila Al-Khatib

Faster Ethereum transactions could soon become a reality with a new proposal from Ethereum’s core developers.

The proposal, known as EIP-7782, aims to reduce Ethereum’s block slot time from 12 seconds to 6. This would significantly increase the speed of transaction confirmations. According to Ethereum core contributor Barnabé Monnot, this change benefits everyone using Ethereum Layer 1, especially decentralized apps and rollups.

He stated, “Shorter slot times make Ethereum a better confirmation engine, one of its main value propositions.”

This move aligns with Ethereum’s broader goal of improving Layer 1 performance and providing a smoother user experience. Faster Ethereum transactions mean lower costs and quicker confirmations. That’s particularly important for cross-chain protocols and trading platforms that depend on Ethereum’s reliability.

Speed boost for the Ethereum blockchain

The proposed changes include major adjustments to key blockchain operations. For example, the block proposal slot would shrink from 4 seconds to 3. Attestation and aggregation processes would be cut from 4 seconds to just 1.5 each. These changes are designed to complement Ethereum’s upcoming Glamsterdam upgrade.

Monnot believes this is the right time to highlight the value of faster Ethereum transactions. Other proposals for Glamsterdam (EIPs 7732 and 7886) are more focused on scaling. EIP-7782 offers a different benefit—latency reduction.

Storm Slivkoff, a research partner at Paradigm, agrees. He suggests that reducing slot time could be the most valuable feature of Glamsterdam. Especially now, with transaction fees dropping below $0.10, optimizing for quality rather than block size has become more important.

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Why speed matters more than size

Ethereum’s usage continues to rise. More than 20 million active addresses interacted with the network last week, a record number. Much of this traffic is on Layer-2 solutions like Base, which shows demand for speed and scalability.

Faster Ethereum transactions will enhance the core network’s competitiveness. As Ethereum evolves, performance upgrades like EIP-7782 can improve how users and developers interact with the system.

If adopted, EIP-7782 could redefine how Ethereum handles high volumes of data while improving usability and reducing costs.

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What is EIP-7782 and why does it matter?

EIP-7782 is a proposed Ethereum Improvement Proposal aiming to halve the block slot time from 12 to 6 seconds. This change would allow Ethereum to confirm transactions faster, making it more efficient for decentralized apps, rollups, and cross-chain protocols. By reducing delay in critical operations like attestation and aggregation, EIP-7782 could significantly enhance user experience on Layer 1. This proposal is especially relevant as Ethereum competes with faster Layer-2 networks and faces increasing institutional demand.

How would faster Ethereum transactions benefit users?

Shorter slot times mean that transactions get confirmed quicker. For users, this reduces wait times when interacting with decentralized applications or transferring funds. It also minimizes slippage and improves reliability for time-sensitive trades on decentralized exchanges. With lower confirmation delays, developers and protocols can build faster and more responsive applications. This improvement supports Ethereum’s evolution into a more scalable and user-friendly platform.

What is the Glamsterdam upgrade in Ethereum?

Glamsterdam is an upcoming Ethereum upgrade that includes multiple proposals focused on performance and scaling. EIP-7782, which targets latency improvements, is one of the standout proposals for this upgrade. While other changes in Glamsterdam look at restructuring and scaling, EIP-7782 brings focus on making transaction speeds faster. Combined, these upgrades aim to enhance Ethereum’s Layer 1 capabilities, ensuring it remains competitive with Layer-2 and other blockchain platforms.

Is Ethereum becoming more competitive with Layer-2 solutions?

Yes, Ethereum is actively working to close the performance gap with Layer-2 networks. By reducing slot times, Ethereum aims to deliver faster and cheaper transactions directly on its base layer. While Layer-2 solutions like Optimism and Base provide scalability, improving Layer 1 ensures a strong foundational network. Upgrades like EIP-7782 are part of Ethereum’s strategy to improve usability and attract more users and developers to its ecosystem.

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