Ethereum’s Fast Confirmation Rule Is Rolling Out: What Does It Bring?
Summary
The Ethereum network is rolling out the Fast Confirmation Rule (FCR), detailed by Julian Ma of the Ethereum Foundation, to significantly reduce deposit confirmation times between Layer 1 and Layer 2 networks and centralized exchanges, aiming for approximately 13 seconds—an 80-98% reduction.
This rule provides a strong guarantee against reorganization for a fast-confirmed block, similar to finality but based on different assumptions. The benefits are widespread: exchanges become more efficient off-ramps, L2 networks free up capital tied up during bridging, bridges gain faster asset movement, and RPC providers can offer quicker confirmations.
The FCR requires no hard fork, removing a technical barrier to adoption, and is currently being implemented by consensus layer client teams, with a rollout expected in the coming months.
(Source:BeInCrypto)