Maker

<ul><li>Spark Protocol blocks US and VPN users, sparking crypto community controversy.</li><li>Chris Blec criticizes Spark Protocol&#39;s move as a &#39;war on privacy.&#39;</li><li>According to Blec, developers are prioritizing money over user privacy.</li></ul>Prominent privacy and decentralization advocate, Chris Blec, has voiced strong disapproval of the decision taken by MakerDAO&#39;s decentralized lending platform, Spark Protocol. The platform has implemented restrictions that block US-based users, including those utilizing Virtual Private Networks (VPNs), from accessing its services.The decision to block VPN users is believed to be part of MakerDAO&#39;s broader strategy to prevent US users from accessing its crypto lending platform. This was outlined in a <a href="https://www.sparkprotocol.io/terms-of-use.html" rel="noopener noreferrer nofollow">May 9 update</a> to Spark Protocol&#39;s terms of service.Blec contended on Twitter that the decision was equivalent to a &#34;war on privacy,&#34; which goes against the spirit of decentralization:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bdc84222bbd449c68eecba5d747bf810.png" />Spark Protocol, introduced in May by Phoenix Labs, a blockchain research and development company founded by the Maker Foundation, offers users annual returns on DAI lending. The platform was created as a soft fork of Aave v3 and utilized TRM&#39;s blockchain intelligence services to block wallets involved in legally dubious activities.However, the platform&#39;s recent steps to restrict US users have raised several eyebrows. Notably, the protocol&#39;s terms of service page clearly stated that using a VPN to mask a user&#39;s US residence is strictly forbidden and could lead to a permanent ban of the website from that specific blockchain address.Read full article at<a href="https://cryptotale.org/chris-blec-slams-spark-protocol-for-war-on-privacy-amid-vpn-block-controversy/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Chris Blec Slams Spark Protocol for 'War on Privacy' Amid VPN Block Controversy

CryptoTale

Outros artigos publicados em 7 de ago. de 2023

The Singapore Red Cross is Now Accepting Cryptocurrency Donations!

Energy Transfer Stock: Will ET Stock bounce back from $12.00?

AGNC Investment Stock Price Prediction: Will AGNC Hit $15?

Crypto Whales are to meet at Blockchain Life 2023 in Dubai

Crypto Analyst Suggests Potential LTC Short Sell at This Level as Litecoin Price Wavers Following...

MakerDAO's Lending Protocol Spark Now Offers 8% APY on $DAI Deposits

Join our free newsletter for daily crypto updates!