Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks are still produced within 30 seconds.

Ethereum bulls have responded to claims that the network has become susceptible to censorship after the merger, with one arguing that “not even a single” transaction on the network has been censored.

In a 19-part thread for his 29,100 followers on Oct. 17, Cyber ​​Capital founder and chief investment officer Justin Bons argued that contrary to “what some Bitcoiners falsely claim,” not a single transaction on Ethereum has been detained as a result of Sanctions from the Office of Foreign Assets Control (OFAC).

Bons is referring to recent reports suggesting that since the merger, Ethereum has become too reliant on OFAC-compliant miner extractable value (MEV) booster relays.

Last week, it was reported that more than 51% of Ethereum blocks are now compliant with US sanctions after switching to proof of stake (PoS).

The crypto fund manager argued that despite the increasing presence of OFAC-compliant MEV-Boost relays, censorship only exists if producers refuse to build on non-compliant blocks, although this results in forking and chain splitting, explained:

“Even with 50% OFAC compliance, a non-compliant ETH TX is confirmed in 30 seconds! Compared to more variable BTC in 10 minutes!”
Bons further argued that only one contribution validator is needed to record what may be an OFAC-sanctioned transaction on the canonical chain.

“This means that a very small minority of validators/miners can counter such censorship on ETH and BTC! Merely less than 1% can bypass censorship,” he said.

After attributing most of this backlash to “bitcoiners,” Bons also argued that Ethereum, with its new PoS consensus mechanism, is “less vulnerable” and “much more secure” than Bitcoin.

dial down

under proof-of-work (PoW) because institutional actors are not economically incentivized to try to break up the chain.

Related: Ethereum May Be More Vulnerable To Censorship Now – Blockchain Analyst

Ethereum developers have also been working to improve Ethereum’s censorship resistance. Ethereum developer Terence Tsao of Prysmatic Labs announced on Oct. 17 that he and his fellow developer Marius van der Wijden have started building a solution to address the issue:

Together with the @vdWijden legend, we started prototyping functions to allow the proposer to choose between a local block and a constructor block with the highest fee.
The first step to censor the resistance️

— terence.eth (@terencechain) October 17, 2022
Ethereum co-founder Vitalik Buterin recently proposed a partial block auction solution, in which a block builder only has the right to decide some of the block contents.

Ethereum research and development organization Flashbots is also soon considering its fully decentralized, EVM-compliant block generator, Single Unifying Auctions for Value Expression (SOAVE), to combat censorship issues.

Ethereum protocol updates in order of importance over the next 6-12 months:

– Beacon chain removal
– PBS/crLists/censorship resistance related updates
– Wet Proto-Damage (EIP-4844)

Just my humble opinion: censorship resistance is more important than scale right now

— sassal.eth️ (@sassal0x) October 15, 2022
On August 8, the United States Department of the Treasury added more than 40 cryptocurrency addresses allegedly linked to the controversial Tornado Cash mixer to OFAC’s list of Special Designated Nationals, effectively preventing US residents from entering the United States. use the mixing service.

Source: CoinTelegraph