Bybit's Lazarus Lab has released a report after reviewing 166 blockchain networks, discovering 16 networks with built-in “asset freezing” mechanisms. Additionally, 19 other blockchains can also activate similar features with just a few minor changes in the protocol.
These mechanisms come in various forms: some, like BNB Chain and VeChain, use fixed programming codes, allowing for centralized intervention when necessary; others, like Sui and Aptos, use configuration files to manage or pause transactions; while some blockchains allow freezing through smart contracts on-chain. The report highlights concerns about decentralization, indicating that even public blockchains can contain elements of centralized control in certain cases.
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