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05/07/24
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Ethereum Developers Introduce Another Improvement Proposal
Another Ethereum improvement proposal (EIP-7732) has been introduced by Ethereum developers towards overhauling the block validation process and speeding up the blockchain. This will bring remarkable changes to block validation, improving Ethereum’s performance and security through the separation of the process into consensus and execution.
The proposal comes as more users continue to ask for efficiency on the blockchain. Likewise, the blockchain’s co-founder Vitalik Buterin has been pushing to make transaction and confirmation times faster.
EIP-7732 is majorly based on the Enshrined Proposer-Builder Separation (EPBS) involving the division of block creation into the execution proposer and the consensus proposer. The execution proposer gets selected by the consensus proposer, followed by the production of a valid block containing important information like a payment or block hash.
The Payload Timeliness Committee (PTC) consists of validators whose responsibility is to ensure the submission of the promised block by the execute proposer on time. This proposal will decrease the validators’ computational load.
On the blockchain, validators are required to carry out the consensus and execution role within a short period, thereby delaying the process and creating inefficiencies. EIP-7732 would ensure that validators are focused on the validation of consensus instantly and deferring execution validation to a later time without putting network performance and security in jeopardy.
Another feature of the proposal is a trust-free exchange between builders and proposers, so payment is guaranteed, valid blocks are included and there is no need for middleware. “One of the important properties of a good blockchain user experience is fast transaction confirmation times,” said Buterin.
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