The Ethereum (ETH) Finds out if it’s true next month place. From that moment on, miners will no longer be the ones securing the network and processing transactions. auditors, who have obtained ETH in the network, will take this role. However, a difficult situation arises for the network, about which a huge debate erupted on crypto Twitter this week.
Is Ethereum No Longer Censored Resistant?
The above question is the sore point that is being discussed now. Blockchain networks like Bitcoin (BTC) and Ethereum depend on a number of pillars that form the basis of their existence. One such pillar is decentralization, which results in transactions on the network being censorship-resistant. This means that no party or group can choose whether or not to process certain transactions.
Because parties are like cryptocurrency exchange Queen Piece They got a lot of ETH on the new network through ETH for their customers, they have a big finger in the pie. In fact, the situation now is that 66% of the auditors on the beacon chain (the new Ethereum network) are under the supervision of the US Office of Foreign Assets Control (OFAC).
This is the same regulator that Tornado Cash crypto mixer uses Black list. Therefore, 66% of validators should in principle not process Tornado Cash transactions anymore. As a result, there is a reasonable chance that the network will be censored by this group of auditors. This is of course not just about Tornado Cash. In the future, US authorities may order censorship of more applications or transactions, which this group must then comply with.
Start with the current major.
– eylonverse X 🏴 (@TheEylon) August 14, 2022
Ethereum developers discuss the issue
So there is a problem. Not an urgent problem that threatens the existence of the network, but for a blockchainThe network is a point that must be resolved. The developers behind the network discussed this at the last 145th Ethereum Core developer meeting and came up with the following conclusion:
“If a representative or a cartel tries to circumvent the rules to comply with the sanctions, he hopes [ontwikkelaar] Micah that the core developer community will take action to prevent chain censorship.”
This naturally raises the question of what that would look like in practice. If a party like Coinbase actually monitors transactions and the developers decide to make an update that penalizes such practices, then of course it is still important to get the majority of the auditors behind them to get that update. And with 66% having to comply with US sanctions, this is tough.
Meanwhile, Coinbase CEO Brian Armstrong has already allowed I know They would prefer to stop the strike if the US authorities ordered censorship of certain transactions. He was asked if his company would comply with the sanctions or suspend strike services for all of its customers and stop the strike.
“It’s a hypothesis that we hope we won’t actually run into. But should that happen, we’d choose option B [stoppen met staken]I suspect.”
“I think” doesn’t really inspire confidence. What do you think, is this a serious problem for Ethereum, or will the network come out stronger? Let us know in dispute Where we discuss topics like this!
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