- Only 29% of all blocks on Ethereum are being censored due to OFAC sanctions.
- The percentage of OFAC-compliant blocks was much higher in 2022.
- OFAC-compliant blocks can always increase.
Ethereum is the most widely-used blockchain in the crypto industry. It’s so popular that there are even blocks that are supposed to be censored due to regulations.
However, Ethereum is known for being censorship-resistant. And on Wednesday, it proved to be just that.
Ethereum’s OFAC-Compliant Blocks Drop to 29%
Ethereum has just become more censorship-resistant. On Thursday, Ethereum’s OFAC-compliant blocks dropped to just 29%.
OFAC stands for Office for Foreign Assets Control, which is an agency of the U.S. Department of the Treasury that administers and enforces economic and trade sanctions in order to support national security and foreign policy…
