BlockBeats News: On October 7, developers claimed that the new ETH Workshop Improvement Proposal (EIP) will reduce ETH Workshop block generation time by 33% and increase data capacity - thereby increasing overall throughput by 50%. EIP-7781 was launched on October 5 by Ben Adams, co-founder of Illyriad Games, and aims to reduce block time on the ETH Fang network from the current 12 seconds to 8 seconds, increase aggregate-based latency, and increase the capacity of blobs (a temporary data structure used to drop Layer 2 network fees). In an October 6 article, anonymous developer Cygaar said that EIP-7781 would be the "first big step" in improving the base layer of the ETH Fang network, as most developers focused their attention on the ETH Fang L2 network as a scaling solution. In addition to increasing Mainnet throughput, the proposal aims to allocate bandwidth usage over time, eliminating the need to increase the number of individual blocks or blobs to drop peak bandwidth demand. ETH Lab Foundation Researcher Justin Drake expressed his endorsement of the EIP on GitHub, stating that its current proposal aligns with some of the broader goals proposed by ETH Lab co-founder Vitalik Buterin and ETH Lab Extensions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
The Ethereum community has introduced a new proposal EIP-7781, aiming to increase throughput by 50%
BlockBeats News: On October 7, developers claimed that the new ETH Workshop Improvement Proposal (EIP) will reduce ETH Workshop block generation time by 33% and increase data capacity - thereby increasing overall throughput by 50%. EIP-7781 was launched on October 5 by Ben Adams, co-founder of Illyriad Games, and aims to reduce block time on the ETH Fang network from the current 12 seconds to 8 seconds, increase aggregate-based latency, and increase the capacity of blobs (a temporary data structure used to drop Layer 2 network fees). In an October 6 article, anonymous developer Cygaar said that EIP-7781 would be the "first big step" in improving the base layer of the ETH Fang network, as most developers focused their attention on the ETH Fang L2 network as a scaling solution. In addition to increasing Mainnet throughput, the proposal aims to allocate bandwidth usage over time, eliminating the need to increase the number of individual blocks or blobs to drop peak bandwidth demand. ETH Lab Foundation Researcher Justin Drake expressed his endorsement of the EIP on GitHub, stating that its current proposal aligns with some of the broader goals proposed by ETH Lab co-founder Vitalik Buterin and ETH Lab Extensions.