- Willy Woo believes that Ethereum might already be under the control of the US government.
- 69% of Ethereum blocks already comply with OFAC.
- AWS hosts 52% of Ethereum nodes.
Ethereum, the world’s leading blockchain platform, might already be under the control of the United States government. Willy Woo, an On-chain analyst, says in his tweet that the majority dApps built upon the second-largest blockchain are centralized, and almost all the transactions on Ethereum are subjected to censorship. The liquidity metric pushes the point that Ethereum DeFi Apps are becoming more and more centralized.
Willy also included a screenshot in his tweet. He stated that 69% of Ethereum blocks are already in compliance with the Office of Foreign Asset Control (OFAC), as it has been three months since the Merge upgrade, which took place in September.
OFAC enforces United States economic sanctions. In the month of October 2022, the percentage of blocks compliant with the agency instantaneously rose from 9% to 51%. The said compliance has to do with Maximum Extractable Value (MEV) – Relays, on which the production of ETH blocks is outsourced.
Ethereum becoming centralized is a cause of concern for the entire crypto community. Along with this, people worry that almost 52% of Ethereum nodes are hosted by Amazon Web Services (AWS), which is a prominent and powerful infrastructure provider. Advertisements related to co-founder of Input Output Global Inc. Charles Hoskinson’s trolls on Ethereum Proof-of-Stake (PoS) model mention a comic by Scott Adams.
Source: https://www.thecoinrepublic.com/2022/12/26/ironically-ethereum-dapps-are-centralized-willy-woo/