After a month of community outreach,
@ethlabs_org is shipping a major piece on a faster Ethereum with faster L1 blocks, collecting perspectives from all corners of the ecosystem.
Ethereum core developers are in the final stretches of deciding what to include in Hegotá, the network's upcoming fork after Glamsterdam.
Our Hegotá proposal is EIP-8198: Quick Slots. It does two things:
1. Prepare the network to decrease the slot time, currently set at 12 seconds.
2. Perform a first decrease from 12 seconds to 10 seconds.
We presented this plan to major DeFi applications, Ethereum core infrastructure and many top builders, to get their thoughts on the value of a faster L1. This post is the result.
Beyond highly valuable data from broad user research, the post also stands as an effort to continue closing the loop between the network development process and the most direct consumers of the network's affordances.
Core developers have in my view already expressed relatively positive sentiment regarding the value of faster slots on the L1, showing clearly their understanding for the benefits and appreciation for the change.
But understandably, their bandwidth and the network's capacity to upgrade aren't infinite, and there are critical decisions to make today regarding the long-term survival of the protocol with the quantum threat.
The bar to clear in order to justify a change beyond those that are existential is very high, and we hope with this piece to show that opening the door for improved latency on Ethereum clears it.
As recounted in the piece, this is one of the highest-value items for the network to deliver, and without the groundwork performed by EIP-8198, the door will remain closed for much longer than necessary.
At Ethlabs, we are committed to seeing EIP-8198 through should its inclusion be decided.
We are working on specifications with the support of Ethereum Foundation engineers, and we are deeply engaged with the broader research and engineering allowing for the Ethereum consensus to thrive in the post-quantum age.
We are also engaged in technical outreach to understand how a slot time change affects deployed smart contracts and broader infrastructure.
It's time for a faster Ethereum!