Ethereum’s four-minute settlement plan could lower the cost of moving crypto

A new draft proposes a fourfold cut in the time Ethereum transactions take to become final. The draft says the change could free up money that money transfer services keep tied up while customers’ payments clear. It sets a target for Ethereum transaction finality and focuses on the period when transfer funds are unavailable for money transfer services. The stated aim is to reduce that period to one quarter of its current length.