Key Takeaways
- It has been quite a couple of days since Ethereum transitioned to a Proof of Stake (PoS) model.
- The transition has been under continuous assessment and verification.
It has been quite a couple of days since Ethereum transitioned to a Proof of Stake (PoS) model. However, the transition has been under continuous assessment and verification as the CEO of Labrys, Lachlan Feeney, called attention to censorship on the Ethereum Network, emphasizing that 45% of validators abide by U.S. sanctions.
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45% of ETH validators now complying with US sanctions — Labrys CEO
In a recent interview with Cointelegraph, Lachlan Feeney, the co-founder of blockchain development company Labrys, said that validators are adding vital contributions to censorship within the Ethereum network via running Flashbots' software. Lachlan stated that the MEV-Boost relays majorly incorporated by ETH validators are monitored corporations, most of which are based in the U.S.
He continued by pointing out that, in contrast to earlier figures of 25%, up to 45% of ETH validators really use the program. The efficient extraction of the maximum extractable value (MEV) is the focus of MEV-Boost relays, which are centralized organizations. MEV-Boost relays must therefore adhere to penalties laid forth by the Office of Foreign Assets Control (OFAC). What are your thoughts about this? let us have them in the comment section below.
