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Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong

Published 08/18/2022, 08:56 AM
Updated 08/18/2022, 11:20 AM
Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
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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.

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