New developments in the Ethereum block space derivatives track. ETHGas project officially announces the launch of governance token GWEI, whose main responsibility is to serve as the core tool for protocol governance.

From the project's design logic, the GWEI token will support the operation of its core mechanism of "real-time, gasless Ethereum." In simple terms, it allows community participants to vote on important protocol decisions through decentralized governance.

These innovative projects indeed have some ideas for exploring the efficiency issues within the Ethereum ecosystem. Block space optimization and Gas cost management have always been the pain points most concerned by Ethereum users. By launching the governance token, ETHGas aims to establish a more flexible and transparent decision-making mechanism, which could provide some reference for the evolution of the entire ecosystem.