- Ethereum’s EIP-7732 proposal aims to improve block validation and speed up the blockchain.
- The proposal introduces Enshrined Proposer-Builder Separation to boost security and performance.
- EIP-7732 addresses the demand for faster transaction confirmation times on the Ethereum network.
Ethereum developers have proposed a new improvement, EIP-7732, designed to enhance block validation and speed up the blockchain. This proposal aims to improve the security and performance of the blockchain by separating the block validation process into two distinct parts: consensus and execution.
Technical Details of the Proposal
The core feature of EIP-7732 is the Enshrined Proposer-Builder Separation (EPBS), which divides block creation into two roles. The consensus proposer selects the execution proposer, who then commits to creating a valid block with key information such as a payment or block hash. A group of validators, known as the Payload Timeliness Committee (PTC), ensures that the execution proposer delivers the block on time.
Importance of EIP-7732
This proposal aims to reduce the computational burden on validators by separating consensus and execution tasks, thereby increasing efficiency and speed. Currently, validators handle both tasks in a short timeframe, which can cause delays and inefficiencies. EPBS allows validators to immediately validate consensus and defer execution validation, maintaining network performance and security.
Additionally, EIP-7732 proposes a trust-free exchange between builders and proposers, ensuring guaranteed payment and inclusion of valid blocks, thus eliminating the need for middleware.
Vitalik Buterin’s Vision
Ethereum co-founder Vitalik Buterin has been advocating for faster transaction confirmation times. He highlighted the importance of a good blockchain user experience, emphasizing the need for swift transaction confirmations. Although Ethereum’s transaction times have improved post-Merge, some applications still require even faster speeds.
Buterin’s push, combined with the changes proposed in EIP-7732, suggests that faster transaction speeds could soon be realized. However, achieving this might require another hard fork with backward-incompatible changes.
