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Vitalik Says New Ethereum Rule Could Cut Confirmations To 12 Seconds

Vitalik Buterin has endorsed a new "fast confirmation rule" (FCR) for Ethereum, which could reduce confirmation times to about 12 seconds. This change provides a strong guarantee that a block will not be reverted, assuming a supermajority of honest validators and network latency under ~3 seconds. While not full economic finality, it offers significant security for many use cases like exchanges, bridges, and Layer-2 systems. The rule, proposed by researcher Julian Ma, cuts deposit times from Ethereum mainnet to L2s and exchanges by 80-98%, drastically improving user experience and operational efficiency. FCR relies on counting attestations rather than block depth, making it faster and provably secure under specific conditions. It can be implemented without a hard fork and includes a fallback to finality if network conditions worsen.

bitcoinist03/18 16:02

Vitalik Says New Ethereum Rule Could Cut Confirmations To 12 Seconds

bitcoinist03/18 16:02

Vitalik Buterin Introduces Ethereum’s Fast Confirmation Rule to Boost Transaction Speed

Vitalik Buterin has proposed a new Fast Confirmation Rule (FCR) mechanism to significantly improve transaction speed and reliability on the Ethereum network. The proposal aims to give users high confidence that transactions won’t be reversed after just one slot (approx. 12 seconds). Currently, transfers between Ethereum’s mainnet and Layer 2 solutions or exchanges can take minutes, but the FCR could reduce this wait time by up to 80–98%. This would enhance capital efficiency, improve liquidity, and reduce risks for bridges and transaction processors. The mechanism relies on the assumption that most validators act honestly and offers fast confirmations (under 3 seconds), though it is not as robust as full economic finality. It is expected to be implemented in the coming months without requiring a hard fork. The update aligns with Buterin’s broader vision for Ethereum as a censorship-resistant and privacy-focused sanctuary technology.

TheNewsCrypto03/18 08:24

Vitalik Buterin Introduces Ethereum’s Fast Confirmation Rule to Boost Transaction Speed

TheNewsCrypto03/18 08:24

Trump Moves To Install Pro-Bitcoin Leader At The Federal Reserve

President Trump has nominated pro-Bitcoin Kevin Warsh to lead the Federal Reserve, replacing Jerome Powell. The nomination has been sent to the Senate Banking Committee for review, though political opposition may slow the process. Warsh, a former Fed governor, has referred to Bitcoin as "new gold" and expressed openness toward it. Markets reacted positively, with Bitcoin surpassing $70,000. Warsh's background in both public service and private finance makes him appealing to some senators but raises concerns about the Fed's independence for others. His potential appointment is viewed as favorable for risk assets like Bitcoin, though confirmation faces hurdles from lawmakers seeking delays due to ongoing investigations.

bitcoinist03/05 19:02

Trump Moves To Install Pro-Bitcoin Leader At The Federal Reserve

bitcoinist03/05 19:02

US Senate Confirms Crypto-Friendly Lawyer Mike Selig As New CFTC Chair

The US Senate confirmed Mike Selig as the new chairman of the Commodity Futures Trading Commission (CFTC) on December 18, 2025, with a 53–43 vote. Selig, a crypto-friendly lawyer and former chief counsel to the SEC’s crypto task force, will lead the agency as it expands its role in digital asset oversight. His term runs through April 2029. The confirmation was part of a broader package of nominations under the Trump administration, which also included Travis Hill as FDIC chair. Selig will initially be the sole commissioner at the understaffed CFTC, raising concerns about the pace of new rulemaking. Industry groups expect his appointment to bring clearer regulatory guidance for crypto markets. Acting CFTC Chair Caroline Pham is set to join MoonPay following the transition.

bitcoinist12/20 01:01

US Senate Confirms Crypto-Friendly Lawyer Mike Selig As New CFTC Chair

bitcoinist12/20 01:01

US Senate confirms pro-crypto Selig to lead CFTC, Hill for FDIC

The US Senate confirmed crypto-friendly lawyer Mike Selig as the new chair of the CFTC and elevated Travis Hill to lead the FDIC as part of a broader nomination package. Selig, who has prior regulatory experience, pledged to prioritize crypto oversight. Hill, who had been acting FDIC chair, has also expressed support for the industry. The CFTC may gain more direct authority over crypto markets through pending legislation, while the FDIC will play a key role in stablecoin regulation and banking access. Selig will serve until 2029, and Hill until 2030. Industry representatives from Coinbase and the Digital Chamber welcomed the appointments, expecting fair and clear regulation.

cointelegraph12/19 05:02

US Senate confirms pro-crypto Selig to lead CFTC, Hill for FDIC