This proposal responds to the increasing demand for faster transaction confirmations and improved network performance.
Enhancing Transaction Speed and Network Performance
At its core, EIP-7732 introduces the Enshrined Proposer-Builder Separation (EPBS). This is a pivotal change that divides block creation into two distinct roles: the consensus proposer and the execution proposer.
- The consensus proposer’s responsibility lies in selecting the execution proposer. It commits to producing a valid block containing essential data such as payment details or block hashes.
- To ensure timely execution, a group of validators known as the Payload Timeliness Committee (PTC) oversees the execution proposer’s adherence to their commitments.
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By separating the consensus and execution layers, this proposal aims to alleviate the computational burden on validators, thereby boosting network efficiency and speed. Currently, validators on the Ethereum blockchain must fulfill both roles within a constrained timeframe, potentially leading to inefficiencies and delays.
More About EIP-7732
EPBS allows validators to focus on validating consensus promptly while deferring execution validation to a later stage without compromising network integrity. This approach not only streamlines the validation process but also facilitates a trust-free exchange between builders and proposers. It ensures the inclusion of valid blocks and guarantees payments without requiring intermediary services, thereby simplifying the blockchain’s operational framework.
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By addressing the complexities associated with block validation and enhancing operational efficiency, Ethereum aims to cement its position as a leading blockchain platform capable of supporting a wide array of decentralized applications and use cases.
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