A month after the Ethereum merger, 51% of Ethereum reportedly followed Office of Foreign Assets Control (OFAC) standards, insights from blockchain development Labyrs data showed that MEV-relays Boost take control of market share, according to Cointelegraph.
As reported by Cointelegraph, via Twitter users expressed their feelings on how the numbers represent a major step towards censorship with more blocks under scrutiny. OFAC is responsible for enforcing US economic sanctions, while MEV-Boost relays are centralized entities that function as trusted mediators between block producers and block builders. Through this procedure, all Ethereum proof-of-stake (PoS) validators can outsource their block production to other builders.
Based on information from Cointelegraph, the metric tracks the number of blocks built by OFAC-compliant MEV-boost relays since the merger. Due to Ethereum’s upgrade to consensus PoS, MEV-Boost has been updated for a more representative distribution of block proposers across a small group of proof-of-work (PoW) miners. Lachan Feeney, CEO of Labrys, pointed out that when it comes to hard censorship, we would not get to the point where sanctioned transactions would be included in the blockchain regardless of the time period.
Additionally, Cointelegraph noted that data from Labrys’ page mentioned the presence of seven MEV-Boost relays, including Flashbots, BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, BlockNative, Manifold, and Eden. “Of the 7 major relays available, only 3 do not censor per OFAC compliance requirements. OFAC-compliant relays will not include any transactions that interact with the Tornado Cash smart contract or other sanctioned wallet addresses designated by OFAC,” the company concluded.
(With information from Cointelegraph)
Also Read: Sir Anthony Hopkins’ NFT Collection Sells Out in 10 Minutes
follow us on TwitterFacebook, LinkedIn