The new Ethereum improvement proposal, EIP-7781, seeks to enhance network throughput by 50% by reducing slot times from 12 seconds to eight seconds, enabling more transactions.
With Ethereum facing increasing criticism for its scaling issues, the EIP-7781 proposal aims to improve its processing capacity and boost competition against faster blockchains like Solana.
A significant aspect of EIP-7781 is its capacity to increase the number of blobs per block, thereby augmenting storage for vital layer-2 networks like Arbitrum.
Supporters, including Vitalik Buterin, recognize the potential of EIP-7781 to resolve Ethereum's main blockchain limitations rapidly, allowing better transaction management and overall network efficiency.
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