ETHGas implements 'Realtime Blocks' on the Ethereum mainnet..."Transaction speed greatly increased"

Source
Bloomingbit Newsroom

Summary

  • ETHGas said it implemented the 'Realtime Blocks (Realtime Blocks)' technology on the Ethereum mainnet.
  • This technology is expected to significantly reduce transaction delays by shortening the average block processing time from the existing 12 seconds to 0.1 seconds (100ms).
  • ETHGas currently operates the technology in about 3~4% of total blockspace, and said it plans to expand the scope in the future.

Ethereum infrastructure project ETHGas said on the 19th that it has implemented the 'Realtime Blocks (Realtime Blocks)' technology on the Ethereum mainnet, which can split blocks into 0.1 seconds (100ms) units. This technology is evaluated as a core infrastructure that significantly shortens Ethereum's existing average block processing time (about 12 seconds) and reduces transaction delays.

ETHGas operates a market where blockspace, the space required for Ethereum block processing, can be bought and sold in advance. In this experiment, the block buyer reordered the mempool in the order transactions arrived and processed one block by splitting it into small blocks of 100ms units. Through this, users can execute multiple transactions within a single block, and the transaction order is still guaranteed until the block's end.

If a 100ms unit block is not submitted properly, the corresponding validator's staked Ethereum or EigenLayer-based restaking assets will be slashed (penalized). ETHGas expects the uptime of Realtime Blocks to be at the level of 99.99%.

ETHGas also presented future improvement tasks for expanding Realtime Blocks technology, such as the reliability of off-chain configuration, multi-node-based leader election methods, response systems for abnormal block occurrences, solving blockspace shortage issues, and multi-relay operation.

ETHGas said, "Currently, the processing speed of Realtime Blocks is 240 times compared to existing Ethereum, 8 times compared to Solana and Monad, and 10~20 times faster than major Layer 2s," and "it is currently operating in about 3~4% of total blockspace and plans to expand the scope in the future."

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