Ethereum for banks: What ETHGas’s advance transaction bookings offer

ETHGas is selling banks and trading firms the possibility to reserve space in an Ethereum block beforehand. Its Institutional Blockspace offer aims to fulfil customer wishes on the choice of validators, as they settlet transactions on public network. Booking space before sending a transaction Ethereum handles its transactions in blocks. Each block has a limited capacity, and users pay fees to place their transactions. The ETHGas facility includes a marketplace where purchasers can commit to purchasing processing capacity in the future [i.e., book a place in a future batch]. Its institutional offering will add controls for regulated businesses, including selecting eligible validators and screening for sanctions compliance. ETHGas sells it as way for institutions to "use public Ethereum with additional controls".

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