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Explore the world of #Web3 with #DoerMarket ! 🌐 Our platform offers:
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✅ Expert Talent Pool: Connect with top Web 3.0 professionals! 🌟
✅ Diverse Services: From #blockchain to #NFTs. , we've got you covered! 🚀
✅ Global Reach: Collaborate worldwide! 🌍
Join us and experience the future. #BTC
In the #Koryntia team, we have members from various African countries. As a knowledge enthusiast, I enjoy unraveling the complexities of people's daily lives, delving into the challenges they face in their personal finances. It's an enriching experience that broadens my perspective. While one could delve into the realm of financial inclusion for years, there is unparalleled value in facing the issues firsthand alongside those on the ground. Who knows if we will ever have the opportunity to physically be there?
In our everyday existence, we shape our reality through our actions and perceptions. However, adopting a global mindset, encompassing diverse viewpoints from Latin America to the reaches of Southwest Asia, reveals the potential of cryptocurrencies and their transformative impact on societies. Obstacles that might seem insurmountable could arise from the comfort zones prevalent in Western countries, acting as a curtain obscuring reality, tinted by media biases.
Keep an open mind about DeFi.
#defi #cryptoonline #blockchain #Africa
In our everyday existence, we shape our reality through our actions and perceptions. However, adopting a global mindset, encompassing diverse viewpoints from Latin America to the reaches of Southwest Asia, reveals the potential of cryptocurrencies and their transformative impact on societies. Obstacles that might seem insurmountable could arise from the comfort zones prevalent in Western countries, acting as a curtain obscuring reality, tinted by media biases.
Keep an open mind about DeFi.
#defi #cryptoonline #blockchain #Africa
Blochchain Technology 👉
Blockchain technology is a decentralized and distributed ledger system that records transactions across a network of computers in a secure and transparent manner. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chronological and unchangeable chain.Key features of blockchain technology include:Decentralization: No single entity has control over the entire blockchain, making it resistant to censorship and tampering.Transparency: The entire transaction history is visible to all participants in the network, enhancing transparency and trust.Immutability: Once a block is added to the chain, it is nearly impossible to alter previous blocks, ensuring the integrity of the entire transaction history.Security: Cryptographic techniques secure transactions, making it challenging for malicious actors to manipulate the data.Blockchain is the underlying technology for cryptocurrencies, but its applications extend beyond finance. It's being explored for various uses such as supply chain management, smart contracts, and decentralized applications (DApps).#blockchain #Web3CreativeHub #TechnicalStudy
Blockchain technology is a decentralized and distributed ledger system that records transactions across a network of computers in a secure and transparent manner. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chronological and unchangeable chain.Key features of blockchain technology include:Decentralization: No single entity has control over the entire blockchain, making it resistant to censorship and tampering.Transparency: The entire transaction history is visible to all participants in the network, enhancing transparency and trust.Immutability: Once a block is added to the chain, it is nearly impossible to alter previous blocks, ensuring the integrity of the entire transaction history.Security: Cryptographic techniques secure transactions, making it challenging for malicious actors to manipulate the data.Blockchain is the underlying technology for cryptocurrencies, but its applications extend beyond finance. It's being explored for various uses such as supply chain management, smart contracts, and decentralized applications (DApps).#blockchain #Web3CreativeHub #TechnicalStudy
Scammers have used the " #MSDrainer " service to steal approximately $59 million in #crypto from victims over nine months, as per a report by #blockchain security firm #ScamSniffer. The scam operated via #GoogleAds , mimicking popular crypto platforms like Zapper, Lido, Stargate, DefiLlama, Orbiter Finance, and Radient.
The "MS Drainer" is a specialized tool functioning as a blockchain-based smart contract, allowing scammers to drain crypto from victim wallets without authorization. It charges a fee on the stolen amount, sharing it with developers.
Initially identified in March, the scam employed regional targeting and page-switching tactics to evade Google's ad audits, posting counterfeit ads to carry out phishing attacks. Scammers used web redirects, misleading users into accessing fake websites resembling official platforms.
Scam Sniffer uncovered 10,072 fake sites using "MS Drainer," peaking in November before a decline. Over 63,000 victims fell prey to the scheme, losing nearly $59 million in crypto.
The "MS Drainer" developer sold this tool for a flat fee of $1,499.99 on forums, offering additional "modules" at different prices.
The "MS Drainer" is a specialized tool functioning as a blockchain-based smart contract, allowing scammers to drain crypto from victim wallets without authorization. It charges a fee on the stolen amount, sharing it with developers.
Initially identified in March, the scam employed regional targeting and page-switching tactics to evade Google's ad audits, posting counterfeit ads to carry out phishing attacks. Scammers used web redirects, misleading users into accessing fake websites resembling official platforms.
Scam Sniffer uncovered 10,072 fake sites using "MS Drainer," peaking in November before a decline. Over 63,000 victims fell prey to the scheme, losing nearly $59 million in crypto.
The "MS Drainer" developer sold this tool for a flat fee of $1,499.99 on forums, offering additional "modules" at different prices.
President Recep Tayyip Erdoğan of Turkey recently appointed Professor Fatma Ozkul, an expert in #crypto assets and #blockchain technology, to the central bank's rate-setting committee. This nomination, announced on December 22, adds Ozkul, who has been teaching at Istanbul’s Marmara University since 2012, specializing in accounting, finance, and auditing with a focus on blockchain technology and digital assets. She authored a book on crypto asset accounting in 2022.
Ozkul's appointment comes amidst the Monetary Policy Committee's responsibility to control inflation by setting the benchmark interest rate, which was increased to 42.5% on December 21 due to Turkey's inflation rate surpassing 61.98% in November.
Erdoğan has made other significant appointments, including Hafize Gaye Erkan, a former Goldman Sachs banker, as the central bank governor. In 2022, the central bank successfully conducted initial tests of the Digital Turkish Lira.
Turkey has experienced a surge in crypto adoption, ranking fourth globally in raw crypto transaction volumes, recording around $170 billion between July 2022 and June 2023, trailing only the US, India, and the UK. This increased interest in crypto investments is attributed to Turkey's inflation woes.
A survey revealed that over half of Turkish adults are now involved in the crypto market, marking a 12% rise in investors over 18 months. There's also a diversification in crypto investors' demographics, with growing female participation, especially among younger age groups. Nearly half of crypto investors aged 18 to 30 are female.
The Turkish government is considering regulatory measures for the crypto market, focusing on licensing and taxation to comply with #FATF regulations and remove Turkey from the "grey list."
Ozkul's appointment comes amidst the Monetary Policy Committee's responsibility to control inflation by setting the benchmark interest rate, which was increased to 42.5% on December 21 due to Turkey's inflation rate surpassing 61.98% in November.
Erdoğan has made other significant appointments, including Hafize Gaye Erkan, a former Goldman Sachs banker, as the central bank governor. In 2022, the central bank successfully conducted initial tests of the Digital Turkish Lira.
Turkey has experienced a surge in crypto adoption, ranking fourth globally in raw crypto transaction volumes, recording around $170 billion between July 2022 and June 2023, trailing only the US, India, and the UK. This increased interest in crypto investments is attributed to Turkey's inflation woes.
A survey revealed that over half of Turkish adults are now involved in the crypto market, marking a 12% rise in investors over 18 months. There's also a diversification in crypto investors' demographics, with growing female participation, especially among younger age groups. Nearly half of crypto investors aged 18 to 30 are female.
The Turkish government is considering regulatory measures for the crypto market, focusing on licensing and taxation to comply with #FATF regulations and remove Turkey from the "grey list."
Oasys, a leading blockchain platform in blockchain gaming, has teamed up with Datachain and Toki to boost Web3 game compatibility on its network. This is part of its ongoing efforts to grow its ecosystem with strategic partners.
#web3 #Oasys #blockchain
#web3 #Oasys #blockchain
Epic Games Store has changed its policy on blockchain games. This comes after some blockchain games with ‘Adults Only’ ratings were taken off the store for using Blockchain and NFTs.
#nft #blockchain #EpicGames
#nft #blockchain #EpicGames
A Primer on Layer 2 Scaling Solutions
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Layer 1: Overview of Blockchain Diversity
There are over 1,000 active blockchains, each with unique strengths and weaknesses.
Ethereum and Solana are highlighted as Layer 1 blockchains with distinct features.
Layer 2: Introduction to Layer 2 Protocols
Layer 2 protocols aim to enhance decentralized networks' efficiency without compromising security or decentralization.
Examples of Layer 2 tokens like MATIC, IMX, ARB, OP, and LRC are mentioned.
Layer 3: Types of Layer 2 Scaling Solutions
Layer 2 encompasses various solutions such as sidechains (e.g., Polygon), parachains (e.g., Polkadot), ZK-rollups (e.g., Matter Labs, Starkware), and optimistic rollups (e.g., Arbitrum, Optimism).
Layer 4: Significance of Layer 2 Solutions
Layer 2 inherits security from the underlying main chain, offering higher transaction speeds and lower fees.
Specific applications can be optimized through Layer 2 solutions, improving user experiences.
Layer 5: Considerations and Other Layer 2s
Potential drawbacks include liquidity shifts and inheriting vulnerabilities from Layer 1 networks.
The article briefly mentions the Bitcoin Lightning Network as a Layer 2 solution for Bitcoin.
#sol #blockchain #Ethereum #newsTrading
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.
.
Layer 1: Overview of Blockchain Diversity
There are over 1,000 active blockchains, each with unique strengths and weaknesses.
Ethereum and Solana are highlighted as Layer 1 blockchains with distinct features.
Layer 2: Introduction to Layer 2 Protocols
Layer 2 protocols aim to enhance decentralized networks' efficiency without compromising security or decentralization.
Examples of Layer 2 tokens like MATIC, IMX, ARB, OP, and LRC are mentioned.
Layer 3: Types of Layer 2 Scaling Solutions
Layer 2 encompasses various solutions such as sidechains (e.g., Polygon), parachains (e.g., Polkadot), ZK-rollups (e.g., Matter Labs, Starkware), and optimistic rollups (e.g., Arbitrum, Optimism).
Layer 4: Significance of Layer 2 Solutions
Layer 2 inherits security from the underlying main chain, offering higher transaction speeds and lower fees.
Specific applications can be optimized through Layer 2 solutions, improving user experiences.
Layer 5: Considerations and Other Layer 2s
Potential drawbacks include liquidity shifts and inheriting vulnerabilities from Layer 1 networks.
The article briefly mentions the Bitcoin Lightning Network as a Layer 2 solution for Bitcoin.
#sol #blockchain #Ethereum #newsTrading
Understanding Matters Then You Can Make The Money 💰
Understanding Key ConceptsHere are some fundamental concepts to enhance your crypto knowledge:Blockchain Basics:Understand the foundational technology behind cryptocurrencies. Blockchain is a decentralized ledger that ensures transparency and security in transactions.Cryptocurrency Types:Explore various cryptocurrencies beyond Bitcoin (BTC), such as Ethereum (ETH), Binance (BNB), Ripple (XRP), Litecoin (LTC) and so on. Each has unique features and purposes.Wallet Security:Learn about the importance of secure wallets to store and manage your cryptocurrencies. Hardware wallets provide an extra layer of protection.Binance App has been the top and most trusted crypto exchange platform. It’s secured and trusted.Market Trends:Stay updated on market trends and fluctuations. Cryptocurrency prices are influenced by various factors, including market demand, News, regulatory developments and so on.Decentralized Finance (DeFi):Delve into the world of decentralized finance, where traditional financial services are provided using blockchain technology. Explore decentralized exchanges, lending platforms, and more.Initial Coin Offerings (ICOs) and Token Sales:Understand the concept of ICOs and token sales, which are fundraising methods for new crypto projects. Be aware of the associated risks and potential rewards.Smart Contracts:Explore how smart contracts, self-executing contracts with coded terms, are revolutionizing various industries by automating and ensuring trust in transactions.Regulatory Landscape:Stay informed about crypto regulations in your region. Governments worldwide are working on establishing frameworks to govern the use of cryptocurrencies.NFTs (Non-Fungible Tokens):Dive into the exciting world of NFTs, unique digital assets that represent ownership of specific items, art, or content on the blockchain.Crypto Community Engagement:Join online forums, social media groups, and attend local meetups to engage with the crypto community. Share insights, ask questions, and learn from others' experiences.Remember, the crypto space is dynamic, so continuous learning is essential. Whether you're a seasoned investor or a curious newcomer, staying informed will empower you to navigate the crypto frontier with confidence. #Cryptoeducation🔥 #blockchain #NFP #bnb #BTC
#DoYouKnow
What is #blockchain ?
It is decentralized and distributed digital ledger technology that is used to store information/data/transaction across multiple computers simultaneously to ensure transparency, security, and immutability. These transactions are grouped in blocks and are linked together using cryptography principles, creating a chain, hence named as BlockChain.
#SupportQualityContent
#learning
What is #blockchain ?
It is decentralized and distributed digital ledger technology that is used to store information/data/transaction across multiple computers simultaneously to ensure transparency, security, and immutability. These transactions are grouped in blocks and are linked together using cryptography principles, creating a chain, hence named as BlockChain.
#SupportQualityContent
#learning
🚀🚀🚀 #zkSync Era Resolves Network Glitch Triggered by Automated Safety Check 🚀🚀🚀
The zkSync development team recently fixed a glitch in the zkSync Era platform that occurred on December 25th at 05:50 UTC. The glitch, which lasted a couple of hours, was caused by an automated safety mechanism triggering unexpectedly. The team assured that no funds were at risk during this incident.
The glitch was traced back to a bug in how the operator computed the state update. Although the protocol's calculations were correct, there was a subtle bug in how the operator was also computing it. The team promptly identified and resolved the bug, and normal processing of transactions resumed after catching up with those that had to wait in the mempool.
The resolution was quickly implemented, and an updated version of the node software was released for other node operators to deploy the changes. The zkSync team acknowledged that the initial highly defensive posture might no longer be necessary given the network's maturity.
In a related development, the #NFT project Pudgy Penguins announced the upcoming alpha launch of its #Web3 game, Pudgy World, based on zkSync Era. The alpha is set to launch in Q1 of 2024, and players won't need to own Pudgy Penguins NFTs to participate, although NFT holders may receive certain benefits.
Pudgy Penguins CEO Luca Netz expressed excitement about the alpha launch, emphasizing that Pudgy Penguin owners could play the game without prior knowledge of the underlying #blockchain technology. The team also apologized to affected developers and users for any inconvenience during the incident, expressing gratitude for the community's patience and offers to help.
#BinanceSquare
The zkSync development team recently fixed a glitch in the zkSync Era platform that occurred on December 25th at 05:50 UTC. The glitch, which lasted a couple of hours, was caused by an automated safety mechanism triggering unexpectedly. The team assured that no funds were at risk during this incident.
The glitch was traced back to a bug in how the operator computed the state update. Although the protocol's calculations were correct, there was a subtle bug in how the operator was also computing it. The team promptly identified and resolved the bug, and normal processing of transactions resumed after catching up with those that had to wait in the mempool.
The resolution was quickly implemented, and an updated version of the node software was released for other node operators to deploy the changes. The zkSync team acknowledged that the initial highly defensive posture might no longer be necessary given the network's maturity.
In a related development, the #NFT project Pudgy Penguins announced the upcoming alpha launch of its #Web3 game, Pudgy World, based on zkSync Era. The alpha is set to launch in Q1 of 2024, and players won't need to own Pudgy Penguins NFTs to participate, although NFT holders may receive certain benefits.
Pudgy Penguins CEO Luca Netz expressed excitement about the alpha launch, emphasizing that Pudgy Penguin owners could play the game without prior knowledge of the underlying #blockchain technology. The team also apologized to affected developers and users for any inconvenience during the incident, expressing gratitude for the community's patience and offers to help.
#BinanceSquare
Democracy Goes Digital: Can Blockchain Secure the Vote in 2024's Super Election Year?
With over 64 countries, including giants like India and the US, holding elections in 2024, the world is preparing for a democratic super year. Amidst rising concerns over election integrity, a new whisper emerges: can blockchain revolutionize the way we vote?
Blockchain, the technology behind cryptocurrencies, offers a secure and transparent voting system. Votes cast are recorded on a tamper-proof ledger, reducing fraud and boosting trust. Pilot programs have shown promise, but challenges like scalability and digital inclusivity remain.
Despite hurdles, the urgency is clear. 2024 could be a turning point for digital democracy. With careful implementation and public education, blockchain may just become the missing piece in rebuilding trust and securing our votes. The future of democracy might just be a click away.
This Blog retains the crucial elements: the scale of 2024 elections, the potential of blockchain for secure voting, and the need for careful implementation.
#crypto2024 #blockchain
With over 64 countries, including giants like India and the US, holding elections in 2024, the world is preparing for a democratic super year. Amidst rising concerns over election integrity, a new whisper emerges: can blockchain revolutionize the way we vote?
Blockchain, the technology behind cryptocurrencies, offers a secure and transparent voting system. Votes cast are recorded on a tamper-proof ledger, reducing fraud and boosting trust. Pilot programs have shown promise, but challenges like scalability and digital inclusivity remain.
Despite hurdles, the urgency is clear. 2024 could be a turning point for digital democracy. With careful implementation and public education, blockchain may just become the missing piece in rebuilding trust and securing our votes. The future of democracy might just be a click away.
This Blog retains the crucial elements: the scale of 2024 elections, the potential of blockchain for secure voting, and the need for careful implementation.
#crypto2024 #blockchain
#HappyNewYear2024 🎄
May your #wallets be #bullish , your transactions seamless❗
Let's 2024 be the year of #blockchain brilliance, #NFT adventures and bullish moments that make your heart skip a beat❗
More than Crypto here🙌
May your #wallets be #bullish , your transactions seamless❗
Let's 2024 be the year of #blockchain brilliance, #NFT adventures and bullish moments that make your heart skip a beat❗
More than Crypto here🙌
the Epic Games Store, a digital marketplace for games, updated its policies to enable some blockchain games to return to its platform.
#blockchain #EpicGames #gaming
#blockchain #EpicGames #gaming
Delphi Digital’s Report Anticipates a Promising Year for #Web3 Gaming
Delphi Digital recently released a report titled "The Year Ahead for Gaming 2024," asserting that key markets for #blockchain games include the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China, and the United Arab Emirates.
Key insights shared by Stacy Muur, a Web3 marketer, emphasized the stability of the total combined market capitalization of 183 projects, fluctuating between $4 billion and $7 billion throughout the year. Despite being 86% lower than the all-time high in 2022, Muur highlighted significant growth potential.
The report highlighted the #OP Stack framework as the preferred choice for fully on-chain crypto gaming developers. OP Stack, an open-source development stack, simplifies the creation of Layer 2 chains for developers.
Major gaming companies are showing increased interest in entering the Web3 market, and Web3 developers are drawn to Web3 mobile gaming due to improved onboarding processes and "more relaxed regulations."
Data reveals a surge in the total number of gaming-focused networks, with 76 new networks, including general-use L1s and L2, emerging in 2023. Blockchain gaming, during the same period, generated on average 23 times more on-chain transactions than #DEFI protocols.
Approximately 1.2 million daily unique active wallets are engaging with gaming protocols, resulting in a daily transaction range of 15 to 25 million.
The report anticipates AI-driven generation agents creating entirely new player experiences, citing projects like Parallel, AI Arena, Geppetto AI, AVALON, and TODAY at the intersection of artificial intelligence and crypto gaming.
Source - coinedition.com
#BinanceSquareTrends
Delphi Digital recently released a report titled "The Year Ahead for Gaming 2024," asserting that key markets for #blockchain games include the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China, and the United Arab Emirates.
Key insights shared by Stacy Muur, a Web3 marketer, emphasized the stability of the total combined market capitalization of 183 projects, fluctuating between $4 billion and $7 billion throughout the year. Despite being 86% lower than the all-time high in 2022, Muur highlighted significant growth potential.
The report highlighted the #OP Stack framework as the preferred choice for fully on-chain crypto gaming developers. OP Stack, an open-source development stack, simplifies the creation of Layer 2 chains for developers.
Major gaming companies are showing increased interest in entering the Web3 market, and Web3 developers are drawn to Web3 mobile gaming due to improved onboarding processes and "more relaxed regulations."
Data reveals a surge in the total number of gaming-focused networks, with 76 new networks, including general-use L1s and L2, emerging in 2023. Blockchain gaming, during the same period, generated on average 23 times more on-chain transactions than #DEFI protocols.
Approximately 1.2 million daily unique active wallets are engaging with gaming protocols, resulting in a daily transaction range of 15 to 25 million.
The report anticipates AI-driven generation agents creating entirely new player experiences, citing projects like Parallel, AI Arena, Geppetto AI, AVALON, and TODAY at the intersection of artificial intelligence and crypto gaming.
Source - coinedition.com
#BinanceSquareTrends
Cradles introduces an innovative Ticket System and Cradles Power (CP), changing the gaming experience by transforming how players earn and accelerate in-game rewards.
#blockchain #nft #gaming #Cradles
#blockchain #nft #gaming #Cradles
🏛️ The Bank of Spain (BDE) has chosen partner companies, including Cecabank, Abanca, and Adhara Blockchain, to conduct a pilot test of CBDC (central bank issued digital currency). The wholesale CBDC pilot aims to explore interbank payment processing and is set to be completed within six months. 💱📊 #CBDC #blockchain
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🌬️ Embrace the Winter Bliss! ❄️🎉
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🎁 Claim Your Free Reward of up to $50! 🤑💵
Celebrate Winter with Your Crypto Gift! 🎁❄️
Don't forget to Like & Follow for more exciting offers!
Feeling generous? Tips are welcome! 😉
#blockchain #CryptoGifts #XRP #ADA #BTC
🌟 Exclusive Offer: Use code #CryptoBoom for a chance to win $BTC, $ETH, and more!
Click Here To GRab Free USDT
Hurry! Grab your digital treasure chest before the offer vanishes! 💰🔐 #UltimateCryptoReward
🌬️ Embrace the Winter Bliss! ❄️🎉
Ready to Heat Up Your Wallet? 🔥💰
🎁 Claim Your Free Reward of up to $50! 🤑💵
Celebrate Winter with Your Crypto Gift! 🎁❄️
Don't forget to Like & Follow for more exciting offers!
Feeling generous? Tips are welcome! 😉
#blockchain #CryptoGifts #XRP #ADA #BTC
💰 Crypto Joke Time! 💰
Why did the blockchain developer break up with their significant other? 🤔
Because they needed space(blocks) in the relationship! 😂
#Cryptohumor #BlockchainLaughs #blockchain #jokeoftheday
Why did the blockchain developer break up with their significant other? 🤔
Because they needed space(blocks) in the relationship! 😂
#Cryptohumor #BlockchainLaughs #blockchain #jokeoftheday
🙄🙄🙄 High number of #Ethereum! blocks censoring #US sanctioned users 🙄🙄🙄
A significant portion of Ethereum's #blockchain exhibits censorship based on compliance with US sanctions. Labrys and Rated Network data indicate that around 42% of blocks post Ethereum's September 15, 2022, transition from proof-of-work to proof-of-stake have involved wallets sanctioned by the Specially Designated Nationals List. This figure recently peaked at nearly 50%.
The US Treasury Department's enforcement agency, the Office of Foreign Assets Control (OFAC), manages the Specially Designated Nationals List. In contrast to permissionless networks like Bitcoin, where any user can broadcast any transaction, OFAC-compliant relays on Ethereum selectively censor wallet addresses listed in US sanctions.
The widely-used software Maximum Extractable Value Boost (MEV-Boost) defaults to censoring these wallets, and many relays adopt its settings. MEV-Boost also outsources block production to its third-party marketplace, maximizing revenue through tactics like front-running, back-running, sandwiching, and other quantitative trading methods, exploiting everyday Ethereum users.
Prominent MEV-Boost relays include Flashbots, the largest, along with others like BlockNative, Manifold, Eden, BloXroute Max Profit, BloXroute Ethical, and BloXroute Regulated.
Relay operators adhering to US sanctions control which users can broadcast transactions on the Ethereum blockchain. Despite sanctions, some users attempt inclusion by routing transactions through non-OFAC-compliant pathways.
Source - protos.com
#CryptoNews🔒📰🚫 #BinanceSquare $ETH
A significant portion of Ethereum's #blockchain exhibits censorship based on compliance with US sanctions. Labrys and Rated Network data indicate that around 42% of blocks post Ethereum's September 15, 2022, transition from proof-of-work to proof-of-stake have involved wallets sanctioned by the Specially Designated Nationals List. This figure recently peaked at nearly 50%.
The US Treasury Department's enforcement agency, the Office of Foreign Assets Control (OFAC), manages the Specially Designated Nationals List. In contrast to permissionless networks like Bitcoin, where any user can broadcast any transaction, OFAC-compliant relays on Ethereum selectively censor wallet addresses listed in US sanctions.
The widely-used software Maximum Extractable Value Boost (MEV-Boost) defaults to censoring these wallets, and many relays adopt its settings. MEV-Boost also outsources block production to its third-party marketplace, maximizing revenue through tactics like front-running, back-running, sandwiching, and other quantitative trading methods, exploiting everyday Ethereum users.
Prominent MEV-Boost relays include Flashbots, the largest, along with others like BlockNative, Manifold, Eden, BloXroute Max Profit, BloXroute Ethical, and BloXroute Regulated.
Relay operators adhering to US sanctions control which users can broadcast transactions on the Ethereum blockchain. Despite sanctions, some users attempt inclusion by routing transactions through non-OFAC-compliant pathways.
Source - protos.com
#CryptoNews🔒📰🚫 #BinanceSquare $ETH
