ConsenSys to Introduce Decentralized Version of Infura
ConsenSys, the blockchain technology company, is set to launch a decentralized version of Infura by the end of this year. Infura currently serves as the main gateway for DApps to access real-time data from the Ethereum blockchain. However, concerns have been raised about its centralization, as demonstrated by a recent outage that affected the MetaMask wallet and caused disruptions for centralized exchanges and DeFi projects. Infura also faced criticism for complying with U.S. sanctions. The new decentralized Infura will feature a marketplace with multiple global data providers, aiming to enhance Ethereum’s accessibility and resilience against censorship. ConsenSys plans to start with a six-month trial phase before transitioning to a permissionless marketplace. Both Web2 and Web3 providers have expressed interest in joining the initiative.
Hot Take
The introduction of a decentralized version of Infura by ConsenSys is a significant development for the blockchain industry. By addressing concerns over centralization and single points of failure, this move will enhance the accessibility and reliability of Ethereum-based applications. It also highlights the growing interest in Web3 architecture and the potential for a paradigm shift in the way data is accessed and controlled. As the trial phase begins and more providers join the marketplace, we can expect to see increased innovation and competition in the blockchain infrastructure space. This is a step towards a more decentralized and resilient future for blockchain technology.
By
By
By
By
By