ETHGas Seeks to Move Ethereum Beyond 12-Second Blocks, Rebuild It for Real-Time Finance

Interview With ETHGas Founder Kevin Lepsoe

Turning Blocks Into Tradable Assets

Faster Transaction Processing, More Stable Gas Fees

'Ethereum Will Become a Real-Time Financial System'

To Attend CIS 2026, Eyes Institutional Outreach

Kevin Lepsoe, founder of ETHGas. Photo: ETHGas

"Ethereum's blockspace is the most valuable commodity in the digital-asset market. We want to transform it into institutional-grade financial infrastructure and redesign Ethereum as the internet's real-time financial system."

Kevin Lepsoe, founder of ETHGas, made the remarks in a March 6 interview with Bloomingbit, saying the company aims to fundamentally reshape the execution economy of the Ethereum network.

Lepsoe, who spent 20 years in risk management at global investment banks including JPMorgan, is set to outline cooperation plans with traditional financial firms at Crypto Investment Show 2026, or CIS 2026, on March 17. The event, hosted by Xangle with Hanwha Investment & Securities as title sponsor, is aimed at exploring links between finance and Web3.

The core value of ETHGas is the creation of a marketplace for blockspace, Lepsoe said. The concept is to treat each block generated by Ethereum validators every 12 seconds as a tradable product.

Blockspace is the storage space where transaction data is recorded. Validators create and supply blocks, while users pay fees, or gas, to have their transactions included. In Lepsoe's view, Ethereum's fundamental value comes not from the token itself but from scarce digital resources such as blockspace.

He focused on the risk that if blockspace stops functioning, the value of Ethereum and the broader ecosystem built on it would be undermined. Through ETHGas, validators can sell their future blocks in advance and lock in revenue, while buyers secure the right to decide which transactions are included in those blocks. That structure could help curb unpredictable gas-fee volatility and create a transparent, liquid blockspace market that institutional investors can trust.

Improving Ethereum's long-standing 12-second block production structure is another key objective for ETHGas. Ethereum's block interval is currently fixed at 12 seconds, which Lepsoe described as a critical obstacle to network expansion. The long wait time, combined with gas-fee swings during that interval, hurts the user experience, he said.

To address that, ETHGas has proposed what it calls real-time technology. The system divides a single block into hundreds of mini blocks processed in 50- to 100-millisecond intervals and propagates state changes in real time. Users would not need to wait for the full block to be produced and could check transaction confirmation as much as 100 times faster.

Payments would be processed immediately, and decentralized finance positions would be updated in real time. Traders could reduce front-running risk while seeing execution results instantly. Over the next five to 10 years, Ethereum will evolve into an internet-based real-time financial system with financial friction removed, Lepsoe said.

Lepsoe also expressed optimism about the South Korean market. He described the local community as highly open and enthusiastic and said ETHGas plans to host ETHCapital Summit, an institutional-grade Ethereum conference, in Seoul soon. For investors who believe in financial efficiency, the institutional digital-asset market could be the most attractive opportunity, he said, adding that both beta strategies tied to industry-wide growth and alpha strategies targeting excess returns in specific sectors are possible.