ETHGas "will implement a fee-free Ethereum network"

Ethereum (ETH) infrastructure project ETHGas said on the 5th that it is launching the construction of a real-time blockspace financial market to solve structural problems of the Ethereum network, such as transaction delays and gas fee (fee) volatility.

To solve this, ETHGas is building an infrastructure layer that implements a real-time Ethereum that does not incur gas fees. Currently, Ethereum users must pay gas fees to network validators to have transactions processed. However, gas fees vary frequently depending on network congestion and Ethereum price fluctuations, making it difficult for companies and developers to predict budgets.

ETHGas plans to remove such uncertainty by turning Ethereum blocks into tradable assets. Through this, validators can secure a predictable revenue structure by pre-selling future blocks, and protocol and institutional investors can be guaranteed block inclusion rights in advance for various purposes such as instant settlement·high-frequency trading·stablecoin transfers.

It is also operating a fee rebate program called the 'Open Gas Initiative'. Participating protocols reward specific user activities such as deposits, swaps, and staking in the form of subsidies, and ETHGas turns this into data and provides monthly reports. Afterward, each protocol pays rewards to users based on that data, and users can claim them in a single transaction.

ETHGas said, "Our goal is to develop Ethereum into an instant and accessible network," and "while maintaining security and decentralization, we will focus on raising the user experience to web and mobile levels."