Posted 12/6/2023, 4:36:00 PM
Ethereum Faces Growing Censorship as Majority of Blocks Exclude Sanctioned Transactions
- Ethereum is experiencing increased "censorship" - block builders are excluding transactions linked to US-sanctioned entities
- 72% of data blocks on Ethereum's MEV-Boost network are now "censored", up from 25% in Nov 2022
- This challenges Ethereum's original vision as an uncensored network where "code is law"
- Just 5 block builders control 90%+ of Ethereum blocks, and 4 of them are censoring transactions
- Solutions are being explored (e.g. by Vitalik Buterin) but they also raise potential downsides around fees, transparency, etc.