Ethermine, the largest Ethereum miner, has announced that it will no longer build blocks that contain Tornado Cash transactions. This means that it will no longer accept payments that have been approved by the government. This is a standard example of screening done at the protocol level and is the result of penalties imposed by OFAC.
The most significant miner of Ethereum, Ethermine, has decided to stop performing allowed transaction.
Because of this, the prospect of the internet being decentralized, open, and free can be put in jeopardy with the simple click of a button. This is not meant to be misleading, an exaggeration, or clickbait in any way. Because of what Ethermine has done, we are all in danger.
A specialist in cryptocurrencies who goes by the name Takens Hypothesis discovered that Ethermine has ceased processing Tornado Cash transactions and shared the graph that can be found below. Sources that reviewed the data on the blockchain have reported that Ethermine did not create a block that contained a Tornado Cash transaction within the time period that is displayed below.
Ethermine, the company that has the title of being the largest miner of Ethereum, just made an announcement stating that it will no longer construct blocks that contain Tornado Cash transactions. This indicates that it will no longer process cash unless it has been granted permission by the administration. This is an example of the routine screening that is done at the protocol level, and it is the consequence of OFAC’s imposing fines.
Ethermine, the largest prominent miner of Ethereum, has made the decision to stop participating in transactions that are approved.
This implies that the possibility of the internet being decentralized, open, and free might be put in peril with the simple click of a button at any time. This is in no way intended to be misleading, an overstatement, or a sensational phrase of any kind. Because of Ethermine’s actions, each and every one of us is currently in jeopardy.
Ethermine has stopped sending Storm Cash deposits, as was discovered by a cryptocurrency expert who goes by the handle Takens Hypothesis. This individual also shared the graph that can be viewed below, which can be found here. After doing an analysis of the information contained on the blockchain, various sources have concluded that Ethermine did not generate a block that included a Tornado Cash transaction within the time period that is presented in the table below.