Tag: Blocks

Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin

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Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.” Vitalik Buterin made the comment in reply to a Twitter poll from latetot.eth, discussing a hypothetical scenario whereby a validator censors a transaction that doesn’t align with their beliefs. The thread, published on Oct. 17, asked what should happen if a solo validator, in a country at war with another, decides not to process a block because it includes donations to the…

48% of Ethereum Blocks Face Censorship From OFAC-Compliant Flashbots – Technology Bitcoin News

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For a couple of years now, MEV-Boost relays or Flashbots have become popular tools in order to gather the maximum value that can be extracted from Ethereum’s block production. However, in recent times, Flashbots have been controversial as people believe the technology threatens Ethereum’s censorship-resistance. This is because Flashbots account for 48% of blocks that are compliant with government-enforced regulations. Nakamoto Coefficient or Government Coefficient? — Crypto Users Complain That OFAC-Compliant Flashbots Have Stained Ethereum’s Censorship-Resistance While Ethereum has been complimented for meeting the demands of environmentalists, critics believe the…

Censored Ethereum Blocks Hit the 51% Threshold Over the Past 24 Hours

Chris Piatt, the co-founder of Eden Network, which also runs a censored relay, told CoinDesk, “I don’t think anyone who is deep in the Ethereum ecosystem is satisfied with the status quo (including Flashbots).” As for the continuous growth of censorship on Ethereum, Piatt added that his team has “no plans to change the way we attest to blocks that other validators/ builders have built on the validators that we run.” He added that he is “unaware of any plans on the part of our validator partners to do so”…

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

One month after the Merge, 51% of Ethereum blocks were compliant with OFAC standards, according to blockchain development Labrys’ data, as MEV-Boost relays take over market share.  On Twitter, users highlighted how the figures represent a milestone towards censorship, as more blocks are under surveillance: We reached another sad milestone in censorship: 51%This means if the censoring validators would now stop attesting to non-censoring blocks they would eventually form the canonical, 100% censoring chain. pic.twitter.com/JrYUjowLpt — Martin Köppelmann (@koeppelmann) October 14, 2022 OFAC stands for the Office of Foreign Assets Control,…

Russia blocks OKX website for alleged unreliable financial information: Reports

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The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked at “the request of the Prosecutor General’s Office for the dissemination of unreliable socially significant information of a financial nature.” Roskomnadzor told local news outlet RBC that OKX had “published information related to the activities of financial pyramids, as well as information on the provision of financial services by persons who do not have the right to provide…

While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years – Mining Bitcoin News

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The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this year. Foundry is the leader this year, but all-time statistics show the pool is the 15th largest, and has only found 1.55% of the more than 755,000 blocks discovered. Unknown Hashrate Discovered a Majority of Bitcoin Blocks During the Last 13…

Flashbots build over 82% relay blocks, adding to Ethereum centralization

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Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is a centralized entity dedicated to transparent and efficient Maximal Extractable Value (MEV) extraction, which acts as a relay for delivering Ethereum blocks. Data from mevboost.org show that there are six active relays currently delivering at least…

What is Art Blocks and how do you invest in generative art?

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Art Blocks is a platform that enables its users to mint what it calls “generative art.” Generative art refers to art that, in whole or in part, has been created with the use of an autonomous system. In Art Blocks’ case, the autonomous system is their smart contracts on Ethereum. It curates and promotes selected creators and collections, enticing users to mint NFT collections that are vastly different from the goofy animal profile pics that have become so obsequious.   Footprint Analytics – Transaction volume, last 30 days   Since…

Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces – Bitcoin News

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The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for the pro-Russian separatist forces in the east. Ukraine Seizes Crypto Donations Funding Russia’s Invasion The Security Service of Ukraine (SBU) has for the first time implemented a mechanism to curb fundraising through cryptocurrency for the troops fighting on the Russian side in the ongoing hostilities…