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ETHGas pitches reserved Ethereum blockspace to banks and trading firms

ETHGas is building a service that lets institutions book future Ethereum blocks, pick validators and screen counterparties for sanctions, while still settling on the public chain. Participating validators make up about 5% of the network, and compensation for missed commitments is currently set at zero, founder Kevin Lepsoe said. No bank has been named as using the product in production.

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