Ethereum’s upgrade to proof-of-stake (PoS) may make it more vulnerable to government intervention and censorship, according to the lead investigator of Merkle Science.
Speaking to Cointelegraph following the Ethereum Merge, Coby Morgan, a former FBI analyst, and the Lead Investigator for crypto compliance and forensic firm Merkle Science expressed his thoughts on some of the risks posed by Ethereum’s transition to PoS.
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In reaction, various entities have complied with the sanctions and prevented the sanctioned addresses from accessing their products and services.
The development has had a large effect on the Ethereum community, with EthHub co-founder Anthony Sassano tweeting on Aug. 16 that he would consider Ethereum a failure and move on if permanent censorship occurs.
I want to be very clear on this:
If the Ethereum base-layer ends up engaging in *permanent* censorship then I will consider the Ethereum experiment a failure and I will move on.
Thankfully, I believe the Ethereum community is strong enough to fight off base-layer censorship.
— sassal.eth (@sassal0x) August 16, 2022