Vitalik Buterin, the visionary behind Ethereum, has recently introduced innovative proposals with the goal of slashing the time it takes to confirm transactions, heralding a major leap forward for the platform.
Ethereum’s mastermind, **Vitalik Buterin**, has crafted fresh tactics aimed at curtailing the duration needed for transaction verifications on the Ethereum ledger. He remarks that “certain applications” necessitate response times in the realm of “mere hundreds of milliseconds or potentially even less.”
In a blog entry dated **June 30**, Buterin observed that Ethereum’s performance has seen considerable enhancements over the past five years, yet he believes there’s still merit in further refining the user experience. Among the solutions he proposed is the implementation of **single-slot finality (SSF)**, which would supplant the existing intricate slot and epoch framework.
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Buterin also suggests the concept of “preconfirmations based on bids,” a system that would allow participants to pay extra fees to secure immediate transaction confirmations.
The essence of Buterin’s proposition is to forge a “uniform protocol” that would enable users to pay additional charges in return for a “swift assurance that their transaction will be processed in the forthcoming block.” This method’s distinctive trait is its applicability across various layer-2 solutions, including **Optimism, Arbitrum, or Base**.
When it comes to Bitcoin, the average time anticipated for block creation stands at about 10 minutes, a duration that’s impractical for daily transactions. Consequently, Bitcoin is increasingly being recognized as a repository of value rather than a transactional medium. On the other hand, Ethereum boasts a much quicker pace, with only about 12 seconds needed to produce a block.
**Average block generation time in Ethereum (in seconds) | Source: YCharts**
Still, this pace lags when compared to competitors like Solana, which churns out blocks in a brisk 0.4 seconds. Buterin concedes that a 12-second block interval may suffice for specific uses, such as Ethereum-based domain services and some payment types. Nonetheless, he points out that for those in pursuit of swifter alternatives, the current “slot-and-epoch architecture” remains the sole feasible choice.
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