According to the Gate News bot, CoinTelegraph reported that core developer Barnabé Monnot discussed Ethereum Improvement Proposal 7782 on June 21, which suggests reducing the slot time (the frequency of new block creation) to 6 seconds by adjusting the timing of various Blockchain operations.
Monnot explained: "Shorter time periods improve confirmation services, therefore it is possible to increase service prices."
The "service price" of Ethereum refers to the economic value that the network can obtain by providing core services as a settlement and confirmation layer.
The proposal was initially put forward in October 2024 and is planned to be included in the Glamsterdam update scheduled for release by the end of 2026. "By then, we will have completed a significant amount of healthy scaling," he added, "and may reach a block with 3 times the current Gas limit and 8 times the blob supply."
The Everstake team of the Ethereum staking protocol explained on Monday that the frequency of new block proposals can be doubled, thereby increasing network speed and bringing various benefits.
Shorter slot times mean faster transaction inclusion speeds, which will improve user experience through a more responsive chain.
After the transactions are packaged, the wallet will display fresher data, and the on-chain data will also be updated more frequently. This will bring a smoother experience for wallets and DApp Layer-2 networks. With more Block producers per minute, it also makes it more difficult for anyone to review transactions.
This has several benefits for trading and decentralized finance, such as the faster price update speed of decentralized exchanges, leading to fewer losses for arbitrage traders who exploit price discrepancies.
Monnot stated that as market efficiency improves, transaction fees will decrease, and the liquidity of automated market makers will also enhance. "Faster slots can bring higher liquidity, which means lower transaction costs for users and stronger network effects for Ethereum."
However, this may come with some trade-offs, such as the impact on slower or poorly connected validators, who may struggle to meet the stricter time requirements.
More frequent consensus message passing may also lead to higher bandwidth requirements and make network congestion more likely during peak usage periods. Additionally, extensive testing is needed to avoid network instability and disruptions to smart contracts.
EIP-7782 suggests adjusting three key sub-slot times: the block proposal time is reduced from 4 seconds to 3 seconds, the proof time is reduced from 4 seconds to 1.5 seconds, and the aggregation time is reduced from 4 seconds to 1.5 seconds, totaling a reduction of 6 seconds.
Monnot said that shortening the sub-slot means less time to execute each task.
He concluded: "In my opinion, shortening the time slot by 2 times after this run is a great option for Ethereum, and Glamsterdam should seriously consider this."
Glamsterdam update is still in the early design phase, focusing on Gas optimization and protocol-level efficiency improvements, essentially making the use of Ether faster and cheaper.
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RagingMagic
· 3h ago
Core developer Barnabé Monnot discussed Ethereum Improvement Proposal 7782 on June 21, which suggests reducing the time slot duration (the frequency of new block creation) to 6 seconds by adjusting the timing of various blockchain operations.
Ethereum (ETH) developers have halved the block time to 6 seconds, doubling the number of blocks.
According to the Gate News bot, CoinTelegraph reported that core developer Barnabé Monnot discussed Ethereum Improvement Proposal 7782 on June 21, which suggests reducing the slot time (the frequency of new block creation) to 6 seconds by adjusting the timing of various Blockchain operations.
Monnot explained: "Shorter time periods improve confirmation services, therefore it is possible to increase service prices."
The "service price" of Ethereum refers to the economic value that the network can obtain by providing core services as a settlement and confirmation layer.
The proposal was initially put forward in October 2024 and is planned to be included in the Glamsterdam update scheduled for release by the end of 2026. "By then, we will have completed a significant amount of healthy scaling," he added, "and may reach a block with 3 times the current Gas limit and 8 times the blob supply."
The Everstake team of the Ethereum staking protocol explained on Monday that the frequency of new block proposals can be doubled, thereby increasing network speed and bringing various benefits.
Shorter slot times mean faster transaction inclusion speeds, which will improve user experience through a more responsive chain.
After the transactions are packaged, the wallet will display fresher data, and the on-chain data will also be updated more frequently. This will bring a smoother experience for wallets and DApp Layer-2 networks. With more Block producers per minute, it also makes it more difficult for anyone to review transactions.
This has several benefits for trading and decentralized finance, such as the faster price update speed of decentralized exchanges, leading to fewer losses for arbitrage traders who exploit price discrepancies.
Monnot stated that as market efficiency improves, transaction fees will decrease, and the liquidity of automated market makers will also enhance. "Faster slots can bring higher liquidity, which means lower transaction costs for users and stronger network effects for Ethereum."
However, this may come with some trade-offs, such as the impact on slower or poorly connected validators, who may struggle to meet the stricter time requirements.
More frequent consensus message passing may also lead to higher bandwidth requirements and make network congestion more likely during peak usage periods. Additionally, extensive testing is needed to avoid network instability and disruptions to smart contracts.
EIP-7782 suggests adjusting three key sub-slot times: the block proposal time is reduced from 4 seconds to 3 seconds, the proof time is reduced from 4 seconds to 1.5 seconds, and the aggregation time is reduced from 4 seconds to 1.5 seconds, totaling a reduction of 6 seconds.
Monnot said that shortening the sub-slot means less time to execute each task.
He concluded: "In my opinion, shortening the time slot by 2 times after this run is a great option for Ethereum, and Glamsterdam should seriously consider this."
Glamsterdam update is still in the early design phase, focusing on Gas optimization and protocol-level efficiency improvements, essentially making the use of Ether faster and cheaper.