On the 21st, Ethereum researchers submitted a draft proposal to reduce the average time for transaction finality—when transactions can no longer be altered—from approximately 16 minutes to about 4 minutes. However, the design is incomplete, and the implementation timeline is not yet determined.
The proposal is driven by the situation where remittance agents transferring funds to Layer 2 chains provide funds to customers upfront and receive reimbursement after transaction finality.
Research by the Ethereum Foundation suggests that funds held up while awaiting reimbursement contribute to the costs for these agents...