[Ethereum Institutional Supports Reducing Ethereum Block Time, EIP-8198 Proposes 10 Seconds] Odaily Planet Daily News: The nonprofit organization Ethereum Institutional posted on X, expressing support for the proposal EIP-8198 ('Quick Slots') by Ethlabs to reduce Ethereum block time. They stated that as more institutional activities migrate on-chain, it is necessary to enhance Ethereum's speed. The proposal plans to initially reduce Ethereum's block time from the current 12 seconds to 10 seconds. Ethlabs previously mentioned that 20 DeFi founders have publicly supported the proposal and are working to merge its specifications with Ethereum's main codebase to facilitate its inclusion in the upcoming Hegotá upgrade. (Cointelegraph)