PANews reported on October 7 that according to Cointelegraph, developers claimed that the new Ethereum Improvement Proposal (EIP) will shorten Ethereum’s block time by 33% and increase data capacity - thereby increasing overall throughput by 50%.

It is reported that EIP-7781 was launched by Illyriad Games co-founder Ben Adams on October 5, aiming to reduce the block time on the Ethereum network from the current 12 seconds to 8 seconds, increase aggregation-based delays, and increase the capacity of blobs (a temporary data structure used to reduce Layer 2 network fees). In addition to increasing the throughput of the mainnet, the proposal also aims to distribute bandwidth usage over time, thereby reducing peak bandwidth requirements without increasing the number of individual blocks or blobs. Anonymous developer Cygaar said that EIP-7781 will be the "first big step" to improve the base layer of the Ethereum network, as most developers are focusing on the Ethereum L2 network as an expansion solution.