Ethereum co-founder Vitalik Buterin proposes a shift to single-slot finality to enhance transaction speed, potentially reducing confirmation times to milliseconds. Learn about the benefits, challenges, and future prospects of this innovative approach for the Ethereum network.
is looking to speed up transactions on the Ethereum network by using tools that would potentially cut layer-1 confirmations from a few seconds to milliseconds.a blog post on June 30 titled “Epochs and slots all the way down: ways to give Ethereum users faster transaction confirmation times.”
“There is value in improving user experience further, and there are some applications that outright require latencies on the order of hundreds of milliseconds or even less.” According to Buterin, the Ethereum Foundation has grown increasingly uncomfortable with the current slot-by-slot voting mechanism and the epoch-by-epoch finality approach.
“The main deviation from Tendermint is that we keep the ‘inactivity leak’ mechanism, which allows the chain to keep going and recover if more than 1/3 of validators go offline,” Buterin noted.Buterin emphasized that SSF has a significant challenge associated with potential implications, such as every Ethereum staker needing to publish two messages every 12 seconds, increasing congestion on the network.
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