{"id":7908,"date":"2022-10-18T04:33:53","date_gmt":"2022-10-18T04:33:53","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=7908"},"modified":"2022-10-18T04:33:54","modified_gmt":"2022-10-18T04:33:54","slug":"not-even-a-single-tx-has-been-censored-on-eth-cyber-capital-founder","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=7908","title":{"rendered":"&#8216;Not even a single TX has been censored on ETH&#8217; \u2014 Cyber Capital founder"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that \u201cnot even a single\u201d transaction has been censored on the network.\u00a0<\/p>\n<p>In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to \u201cwhat some Bitcoiners are falsely claiming,\u201d not a single transaction on Ethereum has been stopped as a result of Office of Foreign Assets Control (OFAC) sanctions. <\/p>\n<p>Bons was referring to recent reports suggesting Ethereum has become too reliant on OFAC-compliant Miner Extractable Value (MEV)-Boost relays since the Merge. <\/p>\n<p>Last week, it was reported that more than 51% of Ethereum blocks are now complying with the U.S. sanctions after transitioning to proof-of-stake (PoS).\u00a0<\/p>\n<p>The crypto-fund manager argued that despite the increasing presence of OFAC-compliant MEV-Boost relays, it only becomes censorship when producers refuse to build on non-compliant blocks, though that would result in forking and splitting of the chain, explaining: <\/p>\n<p>\u201cEven with 50% OFAC compliance, a non-compliant ETH TX will be confirmed within 30 sec! Compared to BTC&#8217;s more variable 10min!\u201d<\/p>\n<p>Bons further argued it only takes one contributing validator to include what may be an OFAC-sanctioned transaction in the canonical chain. <\/p>\n<p>\u201cThis means that a very small minority of validators\/miners can counter such censorship over both ETH &amp; BTC! Easily less than 1% can prevent censorship,\u201d he explained.<\/p>\n<p>Having attributed most of this backlash to \u201cBitcoiners,\u201d Bons also argued that Ethereum with its new PoS consensus mechanism is \u201cless vulnerable\u201d and \u201cfar more secure\u201d than Bitcoin under proof-of-work (PoW) because institutional players are not economically incentivized to try split the chain.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong> <\/strong><strong><em>Ethereum may now be more vulnerable to censorship \u2014 Blockchain analyst<\/em><\/strong><\/p>\n<p>Ethereum developers have also working to improve Ethereum\u2019s censorship resistance too \u2014 with Ethereum developer Terence Tsao of Prysmatic Labs on Oct. 17 announcing that he and fellow developer Marius van der Wijden had begun building a solution to address the issue:<\/p>\n<p lang=\"en\" dir=\"ltr\">Together with the legend @vdWijden, we have started prototyping features to enable the proposer to select between a local block and a builder block with the highest fee.<br \/>The first step for censorship resistance\ufe0fhttps:\/\/t.co\/HyzUBZuB6V https:\/\/t.co\/GGuAIegW5H<\/p>\n<p>\u2014 terence.eth (@terencechain) October 17, 2022<\/p>\n<p>Ethereum co-founder Vitalik Buterin recently proposed a Partial Block Auction solution, where a block builder only has the right to decide some of the contents of the block.<\/p>\n<p>Ethereum research and development organization Flashbots is also looking to soon roll out its fully decentralized and EVM-compatible block builder \u2014 Single Unifying Auctions for Value Expression (SUAVE) \u2013 in order to combat censorship issues.<\/p>\n<p lang=\"en\" dir=\"ltr\">Ethereum protocol upgrades in order of importance over the next 6-12 months:<\/p>\n<p>&#8211; Beacon Chain withdrawals<br \/>&#8211; PBS\/crLists\/related censorship-resistance upgrades<br \/>&#8211; Proto-danksharding (EIP-4844)<\/p>\n<p>Just my humble opinion &#8211; censorship resistance is more important than scaling right now<\/p>\n<p>\u2014 sassal.eth \ufe0f (@sassal0x) October 15, 2022<\/p>\n<p>On Aug. 8, the United States Treasury Department added more than\u00a040 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash\u00a0to the Specially Designated Nationals list of OFAC, effectively barring U.S. residents from using the mixing service.\u00a0<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/not-even-a-single-tx-has-been-censored-on-eth-cyber-capital-founder\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that \u201cnot even a single\u201d transaction has been censored on the network.\u00a0 In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to \u201cwhat some Bitcoiners [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-7908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7908"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7908\/revisions"}],"predecessor-version":[{"id":7910,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7908\/revisions\/7910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/7909"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}