EIP-7732 Could Answer Vitalik Buterin’s Call For Faster Ethereum
Ethereum developers introduced a new Ethereum improvement proposal, EIP-7732, on July 3, which seeks to overhaul the block validation process to improve the blockchain’s security and performance by separating the process into consensus and execution.
This heeds Ethereum co-founder Vitalik Buterin’s call for faster transaction confirmation times , responding to the growing demand for efficiency on the Ethereum blockchain.
“One of the important properties of a good blockchain user experience is fast transaction confirmation times,“ Buterin said.
Historically, Ethereum has lagged behind other blockchains in transaction speeds. Although they have improved to 5-20 seconds following the Merger, other chains are still twice as fast.
A May 2024 CoinGecko report highlighted Ethereum’s absence from the top 10 fastest blockchains, with Solana, SUI, and Binance Smart Chain leading in speed.
In the process, the consensus proposer chooses the execution proposer. The execution proposer then commits to creating a valid block that includes crucial details like payments or block hashes.
