Censorship resistance in cryptocurrency

What exactly is censorship resistance?

Before discussing censorship resistance, we need to know what censorship means financially. So, financial censorship is when someone prevents you from doing something with your money - such as spending it on something, cancelling a transaction you make with someone else, or freezing your cash. Governments have always been the main censors, but banks, credit card companies and Web2 platforms are increasingly likely to block financial activities. Censorship resistance is the ability to execute financial transactions regardless of what other organisations desire to happen. The three pillars of resistance to crypto censorship are:

·      freedom to send and receive assets

·      freedom from having your assets taken away or frozen by a third party

·      transactions that cannot be changed after they have happened

Gold is hard to censor in traditional finance whilst almost all government-issued fiat currency is heavily censored. Cash is harder to censor b…