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ETHGas wants to bring Wall Street to public Ethereum by selling advance block reservations

Headline from CoinDesk

Image: CoinDesk

Key points

  • ETHGas aims to connect traditional financial institutions with the public Ethereum network by offering advance block space reservations.
  • This new service allows buyers to secure upcoming block transactions in advance.
  • However, the mechanism currently lacks a financial penalty or compensation requirement for network validators who fail to honor their processing commitments under the agreement.

Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.

Coins mentioned

Sources

  • CoinDeskETHGas wants to bring Wall Street to public Ethereum by selling advance block reservations · 1 hour agoRead on CoinDesk

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