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Ethereum’s OFAC-Compliant blocks drop to 47%
- Oluwapelumi Adejumo
- 2023-02-15
- 2493
- ETH
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Summary:Gnosis CEO Martin Koppelmann pointed out that while news of Ethereum being less OFAC-compliant is great, there is still a need for more "systemic solutions."
According to the information of MEV Watch, on February 13, the number of ETH blocks that meet the requirements of the Office of Property Manipulation Companies (OFAC) of other foreign countries fell to 47%, the lowest since October 11.
However, by the time of press release, this figure had risen slightly to 49%.
After the transfer of Ethereum to the PoS consensus mechanism, one of the most difficult problems raised by the cell members is that the total number of blocks that comply with OFAC is increasing.
Because OFAC added several addresses related to the Tornado Cash Blend Agreement to the blacklist, some Ethereum validators included transactions from such addresses in the block, which caused anxiety about the level of friction resistance of Internet censorship.
During this period, OFAC compliance management block reached the highest value of 79% on November 22, 2022. However, this figure decreased steadily this year and won the praise of the street.
The decrease of OFAC compliance management block is mainly due to more verifiers using MEV variable pressure solenoid valves, but these solenoid valves do not agree with trading.
At the same time, Gnosis CEO Martin Koppelmann stressed that although Ethereum is not very consistent with OFAC news, it is very good, but still needs more "overall solutions". Koppelman added that only three wireless repeaters formed "47% of the uncensored block area"
MEV Watch displays a ranking list of review violators, which shows that all of them operate on the verifier to review the physical line of MEV wireless relay. The roster includes centralized trading centers such as Binance, Bitfinex, Kraken and Coinbase. Other websites of the Board of Directors include Celsius Network, Cream Finance, Lido, etc.
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