Vitalik Buterin’s Take On Possible Ethereum Censorship By OFAC
Vitalik Buterin, the co-founder of Ethereum, frowns deeply on the possibility of Ethereum censorship by the US Treasury Department’s Office of Foreign Assets Control (OFAC). He maintained that such an action amounts to an attack on the network. Hence, it could bring results in different dimensions. Buterin disclosed his stance concerning this in a tweet. […]
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The minting of OFAC-compliant Ethereum blocks on a daily basis has grown to 73%, adding to the community's growing censorship concerns. Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73% of its blocks.Ethereum sporting 73% OFAC-compliant blocks. Source: mevwatch.info In Oct. 2022,....
Did Buterin come to his senses? Did Ethereum developer Péter Szilágyi’s thread convince him that something was rotten at the core of his protocol? Or is this some kind of sick joke? The title of the latest post on Vitalik Buterin’s blog is “In Defense of Bitcoin Maximalism.” Is this an April Fools prank? Or […]
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds. Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to “what some Bitcoiners are falsely claiming,” not a single transaction on Ethereum has been stopped as a result of Office of Foreign Assets Control (OFAC) sanctions.....
One month after the Merge, MEV-boost relays expanded its market share as block builders, data shows. One month after the Merge, 51% of Ethereum blocks were compliant with OFAC standards, according to blockchain development Labrys' data, as MEV-Boost relays take over market share. On Twitter, users highlighted how the figures represent a milestone towards censorship, as more blocks are under surveillance:We reached another sad milestone in censorship: 51% This means if the censoring validators would now stop attesting to non-censoring blocks they would eventually form the canonical, 100%....