Censorship Climbs on Ethereum as Block Builders Bar US-Sanctioned Transactions

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By BitcoinWiki News

Key Takeaways:

– Censorship on the rise in Ethereum
– Key players blocking transactions tied to US sanctions
– Undermining Ethereum’s decentralized ethos
– OFAC sanctions on Tornado Cash
– Code added to US blacklist
– Ethereum censorship dashboard by Toni Wahrstätter
– Spike in censorship of transactions tied to US sanctions
– Five major block builders contribute over 90% of Ethereum blocks
– Decentralized appeal of Ethereum being compromised
– Power of block builders to selectively exclude addresses
– Centralization of key transaction functions
– Security risks posed by centralization
– Ethereum’s leadership exploring ways to curb censorship trends
– Vitalik Buterin proposing updates to inhibit transaction blocking
– Challenge to Ethereum’s decentralized ethos
– Community confronting difficult questions about the future direction of Ethereum

Summary: The rise of censorship in Ethereum is challenging its decentralized ethos, as key players are censoring transactions tied to US sanctions. This trend is a departure from the original vision of Ethereum as a decentralized blockchain. The censorship of transactions linked to US sanctions has increased significantly in recent months, raising concerns about the concentration of power in the hands of a few block builders. This centralization not only goes against Ethereum’s founding principles, but also poses security risks and questions about fairness and transparency. Ethereum’s leadership is exploring ways to address these concerns and curb censorship trends, as the community grapples with the future direction of the technology and its core values.

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