The nonprofit group Ethereum Institutional has thrown its support behind Ethlabs’ proposal to shorten block times on the Ethereum network. Their stance is tied to the recent surge in institutional activity moving onto the smart contract blockchain. The proposed changes specifically target the ETH ecosystem.

What Happened

Ethereum Institutional is backing Ethlabs’ initiative to reduce the time between Ethereum block production. The main argument: more institutional players are getting involved on the smart contract blockchain. Their statement makes it clear—they’re on board with the idea of speeding up block times.

Block Time, Explained

Block time is the interval between the addition of new blocks to the chain. It sets the pace for how quickly data gets added and determines how often the network processes new batches of transactions. In this case, the conversation is all about block time on Ethereum.