Ethereum Improvement Proposal EIP-7781: A Step Forward

- On October 5, 2024, EIP-7781 was introduced to reduce Ethereum’s block time from 12 seconds to 8 seconds.

- The proposal, proposed by Ben Adams, co-founder of Illyriad Games, could increase data capacity and improve network throughput by up to 50%.

- Developer Cygaar calls it the first major step toward improving Ethereum’s L1 performance, reducing network congestion and increasing data capacity.

- EIP-7781 also expands the temporary data structure “blobs,” which reduces fees on the L2 network.

- However, some developers are concerned about the impact on individual stakers, requiring more powerful hardware and higher bandwidth.

🚀 Ethereum is getting closer to its goals of scaling and improving user experience!