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Is there anti-censorship? Tether CTO Paolo Ardoino hints that smart contract public chains are not sustainable.

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Is there anti-censorship? Tether CTO Paolo Ardoino hints that smart contract public chains are not sustainable.

Tether CTO Paolo Ardoino stated that many projects are planning to use IPFS (InterPlanetary File System), a decentralized storage, as the front-end storage for DeFi protocols to enhance censorship resistance. However, he personally believes that the front-end is not the weak point. He bluntly said:

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Tether's CTO, Paolo Ardoino, stated that many projects are planning to adopt IPFS decentralized storage - InterPlanetary File System as the front-end storage for DeFi protocols to enhance censorship resistance. However, he personally believes that the front-end is not the weak link. He bluntly expressed:

"Perhaps we have just discovered that a globally shared state world computer operating on a decentralized transmission layer blockchain is not sustainable."

Smart contract public chains led by Ethereum ignited another wave of blockchain applications after the emergence of Bitcoin, becoming the primary domain for most cryptocurrency applications today. Ethereum's vision is also described as a "decentralized world computer," where many decentralized applications can run on it. However, the recent scrutiny storm triggered by Tornado Cash has led many DeFi protocols to choose to open-source their front-end interfaces to avoid scrutiny or sanctions on the front-end web pages operated by the team; addresses related to Tornado Cash are directly listed on the sanctions list, prompting ecosystem participants to cooperate with regulations. This has made many people ponder how to truly achieve censorship resistance.

Circle, a competitor of Tether, saw a decline in USDC market value after complying with U.S. sanctions, once again widening the market value gap with USDT.