The Censorship Resistant Ethereum Protocol – Censors Headache

The Censorship Resistant Ethereum Protocol addresses the problem of censorship in cryptocurrency. It is designed to be resistant to collusion by most miners. This means that censors cannot exclude targeted transactions because most of them would act in unison. Even worse, colluding miners would be vulnerable to debilitating attacks. Censorship-resistant protocols have features that make them impossible to censor. Many static analyses are expensive and pose a DoS vector. A CREP is important for decentralized cryptoeconomic systems. A CREP prevents the censors from altering any transaction made on the blockchain. This means that any party can transact on the network without worrying about government interference. Censorship-resistant protocols also make it impossible for censors to prevent any transaction from taking place on the network. It is also crucial for functioning financial protocols such as contracts for difference. Turing Complete Turing-complete is an additional feature to the Ethereum virtual machine (EVM), meaning that it can encapsulate any type of computation. This means it can loop through two methods: using the JUMP instruction to conditionally jump to a different location within a data structure or through “recursion.” Additionally, Ethereum contracts can call other contracts, potentially looping through recursion. Moreover, malicious users can shut down full nodes and miners, using their ether balances and wa...