Ethereum Improvement Proposal (EIP) 7781 aims to reduce slot times on the Ethereum network, escalate blob capacity, improve decentralized exchange (DEX) performance, and reduce gas fees.

What is the proposal to improve Ethereum – 7781?

EIP-7781 has attracted attention from the Ethereum (ETH) community due to its potential impact on the clever contract platform.

Proposed by Ben Adams, co-founder of Illyriad Games, the recent EIP solution provides a number of benefits, including reducing network slot durations from 12 seconds to eight seconds, resulting in a 33% escalate in transaction throughput without a corresponding escalate in the number of data blobs.

For the uninitiated, the number of data blobs in Ethereum refers to the number of pieces of data contained in a block for future exploit by rollups or Layer 2 scaling solutions. These blobs facilitate offload data storage and processing from the underlying Ethereum network, reducing congestion and improving scalability .

EIP-7781 also aims to distribute network bandwidth more evenly, effectively lowering peak bandwidth requirements without sacrificing network performance.

In his proposal, Adams explains:

This would be equivalent to increasing the number of droplets from 6 to 8 or the gas limit from 30M to 40M; however, this approach does not escalate peak throughput.

Commenting on the proposal, Ethereum Foundation researcher Justin Drake said he supports reducing the slot duration to eight seconds. Drake added that this proposal will facilitate DEXs such as Uniswap v3 becomes 1.22 times more productive, saving approximately $100 million annually in CEX-DEX arbitrage, resulting in better trade execution for users.

Similarly, pseudonymous programmer Cygaar common his thoughts on EIP-7781, saying that if approved, the proposal could escalate Ethereum’s throughput by up to 50%. The developer also confirmed that the proposal will facilitate reduce Ethereum gas fees.

Cygaar warned, however, that reducing slot time should not be at the expense of a significant escalate in hardware requirements for individual validators.

To clarify this concern, shorter block times could result in faster data growth on the Ethereum blockchain, requiring more powerful hardware and faster internet to keep up with faster updates. This can pose a challenge for single players and node operators.

EIP-7781 is a concern for solo players

While EIP-7781 promises to solve several ongoing challenges on the Ethereum network, there are concerns about its impact on solo players.

For example, Cinnehaim Ventures partner Adam Cochran excellent that the proposal “seems reasonable in terms of throughput for solo players” as long as the gas limit per block remains unchanged. Cochran added:

I’d like to see some tests of hardware I/O and rate return ping times to make sure it doesn’t cut off some home rates, but it seems like it should be within range for most.

It is worth recalling that Ethereum co-founder Vitalik Buterin recently recommended lowering the ETH requirement for solo players from 32 ETH to 16 or 24 ETH.

Buterin emphasized the importance of solo players in securing the Ethereum network, suggesting that a larger percentage of solo players could provide an additional layer of protection against network attacks. At the time of publication, the price of ETH is $2,469, up 1.7% in the last 24 hours.

Featured image from Unsplash, chart from Tradingview.com