ETHGas Plans to Sell Advance Ethereum Block Reservations to Institutional Traders
(10 hours ago) · 1 source · Summarized by CryptoBipto
ETHGas, a startup, is developing a service that would allow institutional traders to reserve Ethereum block space in advance. The product aims to attract Wall Street firms to public Ethereum by offering more predictable transaction execution. However, reports indicate that the service currently offers no compensation for missed trades.
WHY IT MATTERS
When you send a transaction on Ethereum, it goes into a waiting area called the mempool, and you compete with other users to get your transaction included in the next block — think of it like trying to get a seat on a crowded bus with no reservation system.
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SOURCES
- coindesk.com
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