New Ethereum proposal aims to increase throughput by 50%

Introduced on Oct. 5 by Illyriad Games co-founder Ben Adams, EIP-7781 aims to slash block times on the Ethereum network.

If approved, EIP-7781 will reduce block times from 12 seconds to 8 seconds, increase the latency of based rollups, and boost the capacity of blobs — a temporary data structure to reduce layer-2 network fees.