Ethereum developers propose EIP-8198 to reduce block times

Ethereum developers are exploring EIP-8198, or 'Quick Slots,' to reduce block times from the current 12 seconds to 10 seconds and potentially further. The proposal aims to remove the hard-coded 12-second block time in the software, allowing for gradual adjustments that maintain decentralization and censorship resistance. Proponents argue that faster block times will improve market efficiency for DeFi protocols, reduce price risk for arbitrageurs, and enhance the user experience for tokenized assets and ETFs. The initiative is supported by various infrastructure teams and researchers as a way to make Ethereum a more competitive global settlement layer without compromising its core security attributes.