Ethereum Institutional, a non-profit co-founded by former Ethereum Foundation members, has signaled support for Ethlabs' proposal (EIP-8198) to reduce Ethereum's block time from 12 seconds to 10 seconds through the Hegotá upgrade. The move aims to make Ethereum faster amid increasing competition from other blockchain networks.
Ethereum and Coinbase-backed Base have stopped collaborating on unified account abstraction proposals and will pursue separate standards. Ethlabs researcher Derek Chiang confirmed the breakdown in coordination efforts on September 14.
A new Ethereum-focused nonprofit called Ethereum Institutional has launched with backing from Standard Chartered, Consensys CEO Joseph Lubin, Tom Lee's BitMine, and SharpLink Gaming. The launch comes just nine days after EthLabs debuted, marking a rapid expansion of Ethereum's institutional support infrastructure.
