Looks like the popular and updated one is TimeSpeed and according to their FAQ
Time is controlled by the host player. So if the host player has TimeSpeed installed, their current time speed will apply for all connected players. The mod doesn’t need to be installed by farmhands (and it won’t do anything if they have it installed).
Which one is preferred? Does it work for multiplayer?
Looks like the popular and updated one is TimeSpeed and according to their FAQ