Vitalik Buterin Suggests Increasing Transaction Speed, ENS Price Rises 30 Percent

Ethereum (ETH) founder Vitalik Buterin made a new suggestion to increase transaction speed by shortening the confirmation time of transactions.

In yesterday's blog post, Vitalik Buterin evaluated the transition from the current epoch-and-slot mechanism in Ethereum to the single-slot finality (SSF) system.

In Ethereum, the term “slot” refers to the 12-second period given to ETH validators to mine a block. An "epoch" occurs in every 32 slots.

He suggested switching to the SSF system

Vitalik Buterin said that Ethereum developers are uncomfortable with the current slot-by-slot mechanism and epoch-by-epoch approach, which adds too much complexity.

The Ethereum founder suggests instead switching to a system called single-slot finality, similar to Tendermint's consensus mechanism. However, SSF also has some problems of its own.

For example, every Ethereum user staking under the SSF system will have to publish two messages every 12 seconds, which will lead to congestion of the Ethereum network.

“There are some smart ideas to prevent this, such as the recent Orbit SSF proposal,” Buterin said. "But even though this may enable 'accuracy' to be achieved more quickly and improve the user experience, it does not change the fact that users will have to wait 5-20 seconds," he said.

He commemorated ENS, the price started to rise

The founder of Ethereum said that today, a 12-second block time is sufficient for some applications such as Ethereum Name Service (ENS), and for applications where this is not sufficient, the only solution is the slot-and-epoch architecture.

Vitalik Buterin has praised the Ethereum Name Service implementation several times in the past. Buterin said in May 2024 that Ethereum Name Service is the most successful project in the Ethereum ecosystem, excluding financial applications.

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