Harry Johnson
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Infura's Decentralized Revolution: Building a Resilient Web3 Infrastructure
Infura, the gateway for most decentralized applications (DApps) to access real-time data on the Ethereum blockchain, is on the verge of a major transformation. Simon Morris, Chief Strategist at ConsenSys, announced at Korean Blockchain Week that a decentralized version of Infura is set to launch by the end of this year. This development aims to tackle the single point of failure issue, which became evident in November 2020 when MetaMask and other projects were disrupted due to Infura's downtime. The new approach involves creating a decentralized marketplace comprising up to five data providers distributed globally. Infura will be just one of these providers. This initiative promises a more reliable and censorship-resistant Ethereum ecosystem. Morris envisions a future where this infrastructure operates like TCP/IP, immune to regulatory pressure. While Web2 and Web3 providers show keen interest, negotiations with industry giants like Google Cloud and AWS remain speculative. The roadmap includes a federated phase to resolve issues before transitioning to a permissionless marketplace, potentially governed by a DAO or foundation, in 2024. The move towards decentralization in blockchain infrastructure is vital to safeguard against potential monopolies and ensure the resilience of Web3 services.
By Harry Johnson8 months ago in Trader