**Ethereum Network Set for Major Upgrade with EIP-7781**

Big news for Ethereum! A new proposal, EIP-7781, introduced by Ben Adams on Oct. 5, aims to cut block times by 33%, boosting data capacity and overall throughput by 50%. This could make Ethereum faster and more efficient.

- **Key Points:**

- Block times reduced from 12 to 8 seconds.

- Increased data capacity and reduced layer-2 network fees.

- Enhanced performance for decentralized exchanges like Uniswap v3.

Justin Drake from the Ethereum Foundation supports the proposal, highlighting potential savings of $100M in CEX-DEX arbitrage annually. However, concerns remain about increased hardware demands for solo stakers.

Stay tuned as Ethereum continues to evolve!