According to BlockBeats, on July 4, Ethereum developers launched a new Ethereum Improvement Proposal (EIP) EIP-7732, which aims to completely reform the block verification process and speed up the blockchain.
The proposal makes significant changes to block validation, improving the security and performance of the blockchain by splitting the process into consensus and execution.
EIP-7732 responds to the growing need for efficiency on the Ethereum blockchain and follows Ethereum co-founder Vitalik Buterin’s push for faster transaction confirmation times. A core element of EIP-7732 is its established proposer-builder separation (EPBS), which is the process of splitting block creation into consensus proposers and execution proposers.