- Slot time reduction by half could enhance transaction efficiency.
- Beneficial for DeFi apps and Layer 2 protocols.
- Expected to impact liquidity flow and transaction costs.
Ethereum’s EIP-7782, proposed by Barnabé Monnot, advocates halving the blockchain slot time to enhance transaction efficiency across Ethereum, potentially impacting decentralized finance (DeFi) applications and Layer 2 solutions.
The slot time alteration may improve Ethereum’s transaction speed, affecting DeFi applications that depend on quick confirmation and lower fees.
Barnabé Monnot, an Ethereum core contributor, leads the proposal to reduce slot times. Storm Slivkoff, from Paradigm, supports it for latency reduction. Shorter slots might enhance the platform’s confirmation engine.
“Shorter slot times make Ethereum a better confirmation engine, which is arguably one of its main value propositions for apps and rollups settling on Ethereum L1. Everyone benefits directly.”
