The new Ethereum patch – EIP-7781 – includes, among others: increase the capacity of blobs (the piece of data that is eventually deleted) and increase the efficiency of decentralized exchanges. The question is whether the change will come into force and… will not affect ETH stakers.
Ethereum with a new change?
Illyriad Games co-founder Ben Adams is behind EIP-7781. The fix can reduce block commit times from 12 to 8 seconds and increase blob capacities (a temporary data structure that is then deleted). In practice, all this is intended to reduce layer 2 network fees and increase the throughput and capabilities of decentralized exchanges (so-called DEXs).
In an October 6 post, developer Pseudonymous Cygaar said EIP-7781 would be a “huge first” step toward improving the base layer of the Ethereum network.
Justin Drake, a researcher at the Ethereum Foundation, endorsed the EIP on GitHub, adding that the proposal is consistent with some of the broader goals proposed by Vitalik Buterin and Ethereum scaling organizations. He believes that reducing block issuance time will make decentralized exchanges like Uniswap v3 “1.22 times more efficient” and could help save “approximately $100 million in CEX-DEX arbitrage per year.”
The proposal would also improve the user experience of smart contracts on the Ethereum network by reducing block confirmation times by 33% and eliminating “peak load.”
Not everything is so colorful!
It is worth noting, however, that several developers have warned that reducing block emission times may harm stakers – especially smaller network participants. So will this lead to greater blockchain centralization?
Cinnehaim Ventures partner Adam Cochran believes that the new EIP seems “reasonable,” although he added that he would “like to see some tests” to “make sure (the amendment) doesn’t cut off some home stakers.” “.
The new EIP comes just three days after Buterin discussed the idea of reducing the minimum amount required to become a validator on the Ethereum network from the current 36 ETH to 24 or even 16 ETH. This is intended to contribute to improving network security and decentralization.
