A massive surge is expected in the Ethereum network as the project’s co-founder and crypto enthusiast Vitalik Buterin has announced It has been revealed. A new feature of the Ethereum blockchain that promises to dramatically speed up transaction confirmation times. The new Single Slot Finality (SSF) feature has the potential to make Ethereum transactions extremely instantaneous, by simplifying the process of building consensus on the network.
Ethereum Network Transactions See Major Upgrade
As Ethereum ethusd continues to evolve, Vitalik ButerinCisco’s announcement underscores ongoing efforts to address issues related to efficiency and scalability. The introduction of Single Slot Finality (SSF) is a critical step in improving the network’s ability to process more transactions quickly and securely.
Buterin unveiled the latest innovative solution in a blog post titled “Epoches and Timelines All the Way Down: Ways to Give Ethereum Users Faster Transaction Confirmation Times.”
currently, EthereumGasper consensus is based on a slot and epoch structure. Using this system, a subset of validators can broadcast a head-of-chain vote every 12 seconds, and all validators have 32 slots (6.4 minutes) to vote. After two epochs (12.8 minutes) have passed, these votes are reinterpreted as messages in a PBFT-like consensus mechanism that provides a strong economic guarantee known as finality.
Due to the lengthy procedures of the current approach, users have become increasingly uncomfortable with it over the past few years. This is because the voting method by period and the mechanism for determining the end by period are complex and common with interaction flaws, and 12.8 minutes is too long, as no one wants to wait that long.
However, with the introduction of Single Slot Finality, all of this is about to change, as SSF will replace this approach with a process more like Tendermint consensus where block N is finalized before block N+1 is created. The main distinction with Tendermint is that users can maintain an “idle leak” method, which keeps the chain alive and helps it recover in the event that more than a third of the verifiers go offline.
Although the new feature promises a fast transaction time for Ethereum NetworkThere are also challenges you may face. Using the initiative ignorantly would mean that every Ethereum participant would have to publish two messages every 12 seconds, which could impose a significant burden on the chain.
Two distinct pre-confirmation systems
According to the blog post, SSF has two distinct methods that include Rollup and Based.
The swarm of confirmations creates a division of concerns within the Ethereum ecosystem. As a result, Ethereum’s layer-one solutions will focus on censorship resistance, trust, stability, and preserving and enhancing a certain core of functionality, while layer-two will focus on engaging directly with users by making various technological and cultural compromises.
Meanwhile, the strategy of pre-confirmations based on Ethereum Proposers will evolve into highly skilled players for EV purposes. By providing incentives for these experienced proposers to take on the task of providing pre-assurances as a service, the approach leverages this expertise.
Featured image by Adobe Stock, chart by Tradingview.com
