Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
2022.08.18 19:57
Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
In light of the recent ban on crypto mixing tool Tornado Cash and the subsequent arrest of the Tornado Cash developer, there has been a growing debate over whether crypto services providers would choose decentralization or censorship as form of compliance.
The question has become more prominent as Ethereum is moving from its current proof-of-work (PoW) blockchain to a proof-of-stake (PoS) mining consensus. With the transition less than a month away, a user pointed out that more than 66% of validators on the Beacon Chain (Ethereum PoS chain) will adhere to the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) regulations.
