Ethereum developers introduced a new Ethereum improvement proposal, EIP-7732, on July 3, which seeks to overhaul the block validation process to improve the blockchain’s security and performance by separating the process into consensus and execution.

This heeds Ethereum co-founder Vitalik Buterin’s call for faster transaction confirmation times, responding to the growing demand for efficiency on the Ethereum blockchain.

“One of the important properties of a good blockchain user experience is fast transaction confirmation times,“ Buterin said.

EIP-7732 aims to enhance Ethereum's security and performance by revamping the block validation process, aligning with Vitalik Buterin's push for faster transaction confirmations to meet increasing efficiency needs on the network.