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Vitalik Buterin Addresses ETH And Censorship Situation Following The Merge

Ethereum’s founder Vitalik Buterin addresses the way in which ETH can resist censorship after the Merge. Ethereum has been making a lot of headlines due to the following upgrade.

Ethereum and censorship

Ethereum (ETH) creator Vitalik Buterin says that ETH can remain censorship resistant after moving to proof-of-stake.

After The Merge, Ethereum’s proof-of-work (PoW) miners will be replaced by staking providers, as the online publication the Daily Hodl notes,

This will largely be big crypto exchanges that may be susceptible to regulation or censorship from authorities.

In a new dual interview with Coinbase CEO Brian Armstrong, Buterin says that if staking providers on the upcoming Ethereum network are faced with censorship from authorities, he believes that the “honorable” thing for them to do would be to quit staking rather than comply.

“Obviously, I’m fully supportive of people’s need to comply with the regulators in whatever jurisdiction that they’re in. But if in whatever jurisdiction you’re in it happens to be impossible to simultaneously do that and be a good citizen of the Ethereum network then the honorable thing to do is to shut down.”

Buterin continued and said the following:

“But I think also it’s a very correct comment from a purely legal standpoint that, as far as I can tell, we are very far away from that point.”

ETH products grew in August

Not too long ago, we also revealed the fact that the upcoming Merge has contributed to a rise in Ethereum investment products and trading volume, new reports reveal. The crypto market AUM figures continue to drop amid the bear market

“Ethereum investment products increased by 2.36% to $6.81 billion in assets under management (AUM) throughout August, outperforming Bitcoin products which saw a 7.16% drop off to $17.4 billion,” according to data coming from Cointelegraph.

Stay tuned for more news, and make sure to keep your eyes on the market.

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