Over the past few months, Ethereum's "censorship" issue has gotten worse as some validators in charge of maintaining the blockchain's ledger ignore specific transactions in order to adhere to rules. Purists of crypto's anti-censorship movement, though, may have cause for optimism.
I've read somewhere that like 66% of blocks added to the Ethereum blockchain in the last day were OFAC-compliant, excluding transactions involving individuals or organizations blacklisted by the Office of Foreign Assets Control of the U.S. Treasury Department.
Every week, there are various concerns regarding cryptocurrencies, the bear market, Solana's problems, the FTX scandal, and now this. I miss the days when the only issue was high gas fees, which we quickly resolved with Metis, Polygon, or any of these L2 protocols.
Whatβs the problem with MEV-Boost?
Since September when we experienced Ethereum Merge, the majority of blocks that are added to the blockchain go through MEV-Boost, a piece of middleware that enables validators, those who add and approve "blocks" of transactions to Ethereum's ledger, to request already-made blocks from a community of builders.
Initially, the purpose of MEV-Boost was to aid validators in obtaining MEV, or Maximum Extractible Value, which refers to the extra revenue that blocks builders and validators can earn by carefully rearranging or inserting transactions within a block.
As I heard others attribute the decline in censorship to the fact that validators are more willing to connect to relays that are not Flashbots, now that they have become more comfortable with the MEV-Boost space.
What do you think how will solve and do we need to worry about this?
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