Ethereum Institutional Backs Plan to Speed Up Ethereum

Ethereum Institutional, a non-profit organization, has signaled its support for reducing Ethereum block times. This decision comes as institutional activity on the smart-contract network continues to increase.

The organization cited this growing interest in supporting Ethlabs' motion to reduce block times and create a faster Ethereum. As competition from other networks grows, making Ethereum faster is seen as crucial.

Ethlabs had previously published an article quoting 20 decentralized finance (DeFi) founders showing broad support for EIP-8198, also known as 'Quick Slots.'