Ethereum Developers Propose Plan to Cut Settlement Time to Four Minutes
Key Facts
Ethereum developers have proposed a plan to reduce transaction settlement time to four minutes to increase efficiency for money transfer services. CoinDesk reported that a new technical draft aims to reduce the time it takes for Ethereum transactions to reach finality by fourfold.
The proposal targets lowering capital requirements for services that currently tie up funds while waiting for blockchain payments to clear. This technical upgrade is intended to improve the utility of the Ethereum network for financial transfers as developers continue to focus on enhancing speed and cost efficiency.
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Update: The Ethereum Glamsterdam upgrade is scheduled to launch on the Hoodi testnet on October 26, 2026. The upgrade will feature a 200-million gas limit, marking a practical step toward implementing the network's proposed technical enhancements.