{"id":22083,"date":"2023-09-08T07:00:42","date_gmt":"2023-09-08T07:00:42","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/decentralized-infura-launch-within-months-web2-cloud-giants-may-join-consensys\/"},"modified":"2023-09-08T07:00:45","modified_gmt":"2023-09-08T07:00:45","slug":"decentralized-infura-launch-within-months-web2-cloud-giants-may-join-consensys","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/decentralized-infura-launch-within-months-web2-cloud-giants-may-join-consensys\/","title":{"rendered":"Decentralized Infura launch within months, Web2 cloud giants may join: Consensys"},"content":{"rendered":"
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A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says. <\/p>\n
\u201cWe\u2019re looking to launch something later this year, but then there\u2019s going to be what they call a federated phase that they\u2019re expecting to like to last of the order of six months,\u201d ConsenSys Head of Strategy Simon Morris told Cointelegraph at Korean Blockchain Week, referring to a trial period while the network was still under centralized control. <\/p>\n
Infura is the access point for most DApps to access real-time on-chain data from the Ethereum blockchain, but given it is controlled solely by ConsenSys, it provides a single point of failure. In November 2020, the MetaMask wallet stopped working when Infura went down, and centralized exchanges and DeFi projects were affected too. Infura also came under fire from some users for complying with U.S. sanctions against Tornado Cash, but as a U.S.-based company, there is little else ConsenSys could do. <\/p>\n
\n2\/x<\/p>\n
Infura launched in 2016 with one mission: to make it easy for Web3 developers to access Ethereum and build the future they want to live in. <\/p>\n
Infura was the first blockchain API service of its kind. <\/p>\n