What is ETHGas?

ETHGas is a protocol established to enhance Ethereum's blockspace infrastructure by breaking it down into tradable units. This system allows for real-time block production and aims to create a market for gas as a financial commodity, thereby facilitating faster block times and a futures market for gas.

The protocol includes an initiative for gas abstraction, intended to minimize gas volatility for users and transfer costs to protocols. ETHGas positions blockspace as a commoditized asset, drawing parallels to energy and metals markets in traditional finance.