{"id":17566,"date":"2024-10-07T11:47:29","date_gmt":"2024-10-07T08:47:29","guid":{"rendered":"https:\/\/forklog.com\/en\/nethermind-developer-proposes-ethereum-performance-boost\/"},"modified":"2024-10-07T11:47:29","modified_gmt":"2024-10-07T08:47:29","slug":"nethermind-developer-proposes-ethereum-performance-boost","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nethermind-developer-proposes-ethereum-performance-boost\/","title":{"rendered":"Nethermind Developer Proposes Ethereum Performance Boost"},"content":{"rendered":"<p>Benjamin Adams, a developer at Nethermind, has proposed <a href=\"https:\/\/github.com\/ethereum\/EIPs\/pull\/8931\">EIP-7781<\/a>, which suggests reducing Ethereum&#8217;s slot time from 12 to eight seconds.<\/p>\n<p>This change aims to accelerate block creation and enhance the network&#8217;s overall efficiency.<\/p>\n<p>The developer estimates that the blockchain&#8217;s throughput could increase by 33% without raising the number of BLOB objects.<\/p>\n<p>Ethereum Foundation researcher Justin Drake has endorsed Adams&#8217; idea. He noted that the proposal is akin to increasing the gas limit to 45 million and the number of BLOBs per block to nine. Among other benefits, he highlighted:<\/p>\n<ul class=\"wp-block-list\">\n<li>an approximately 1.22 times increase in the efficiency of decentralized exchanges like Uniswap v3;<\/li>\n<li>an annual saving of around $100 million on arbitrage between <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> and DEX;<\/li>\n<li>a one-third reduction in the time taken for the network to process first-layer smart contracts;<\/li>\n<li>smoothing peak block verification loads at the <span data-descr=\"Beacon Chain\" class=\"old_tooltip\">execution layer<\/span>.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf the project is approved, it would be a huge first step in improving Ethereum&#8217;s performance,\u201d wrote Web3 researcher known as Cygaar.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">There&#8217;s a new EIP to increase Ethereum&#8217;s throughput by 50%.<\/p>\n<p>\u2014 12 second block times -> 8 seconds<br \/>\u2014 6 data blobs per block -> 9 blobs per block<br \/>\u2014 DEXes become around 1.22x more efficient<\/p>\n<p>If approved, this would be a huge first step in improving Ethereum L1&#8217;s performance. <a href=\"https:\/\/t.co\/MkX5gbiBFR\">pic.twitter.com\/MkX5gbiBFR<\/a><\/p>\n<p>\u2014 cygaar (@0xCygaar) <a href=\"https:\/\/twitter.com\/0xCygaar\/status\/1842985189124997362?ref_src=twsrc%5Etfw\">October 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among the drawbacks, Drake mentioned the tightening of timings. Commentators also questioned what hardware requirements Adams&#8217; EIP would impose on validators.<\/p>\n<p>Adam Cochran, a partner at Cinneamhain Ventures, also highlighted technical aspects.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Honestly this seems reasonable in terms of bandwidth on solo stakers too as long as the gas limit per block stays the same.<\/p>\n<p>Would want to see some tests on I\/O hardware and staker return ping times to make sure it doesn\u2019t cut off some home stakers but, seems like it should be\u2026<\/p>\n<p>\u2014 Adam Cochran (adamscochran.eth) (@adamscochran) <a href=\"https:\/\/twitter.com\/adamscochran\/status\/1842987569514242105?ref_src=twsrc%5Etfw\">October 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI would like to see specific tests on I\/O hardware and staker return ping times to ensure it doesn\u2019t exclude some home validators. But it seems like it should be within the norm for most,\u201d the expert emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, Ethereum co-founder Vitalik Buterin suggested lowering solo staking requirements to strengthen the network&#8217;s decentralization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benjamin Adams, a developer at Nethermind, has proposed EIP-7781, which suggests reducing Ethereum&#8217;s slot time from 12 to eight seconds. This change aims to accelerate block creation and enhance the network&#8217;s overall efficiency. The developer estimates that the blockchain&#8217;s throughput could increase by 33% without raising the number of BLOB objects. Ethereum Foundation researcher Justin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1134],"class_list":["post-17566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17566"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17565"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}