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Home Crypto Currency

The Ethereum protocol is under attack as a result of US sanctions

TechX Editor by TechX Editor
August 21, 2022
in Crypto Currency
Reading Time: 2 mins read
A A
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The Ethereum protocol is under attack as a result of US sanctions

Ethermine is no longer processing blocks that include Tornado Cash transactions, resulting in protocol-level censorship.

Right now, the possibility of a decentralized, open, and free internet is jeopardized. This is not hyperbole, fear mongering, or clickbait.

The largest Ethereum mining pool, Ethermine, no longer generates blocks containing Tornado Cash transactions. This is most likely due to OFAC sanctions and is an example of protocol-level censorship.

Takens Theorem, a cryptocurrency analyst, discovered that Ethermine has stopped processing Tornado Cash transactions and presented the chart below.

CryptoSlate examined on-chain data and determined that Ethermine did not generate a block containing a Tornado Cash transaction during the timeframe shown below.

https://twitter.com/matthew_d_green/status/1560749336174432256

We have to go back about ten days to find an Ethermine-generated block with a Tornado Cash transaction.

Ethermine mined block 15306892, which was created on August 9th. The Tornado Cash router processed a 10 ETH transaction in the block.

A review of the most recent Tornado Cash Router transactions revealed that Hiveon, P2Pool, 2Miners, and others dominated.

The United States recently sanctioned the use of Tornado Cash through OFAC, making it illegal for any U.S. entity to interact with the protocol.

To read our blog on “Amazon.eth domain from ethereum name received $1 million bid,” click here

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