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Infura Plans to Launch Decentralized Protocol for Web3 APIs

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Pavan A Follow

INDIA

Sep, 19 2022

Sep, 19 2022

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Infura, the blockchain development tool, will launch a decentralized protocol in 2023 in order to offer a decentralized management model for Ethereum's application layer. 


Decentralized Infrastructure Network is the working title of this network, which aims to strengthen Web3's foundation so billions of users can access information & services in the future. 


Web3 companies can launch their products using Infura's backend, thus connecting to blockchains without running their own nodes. 


Decentralized applications, or dApps, can be connected to Ethereum using Infura's software without setting up a full node, serving roughly 350,000 users and 430,000 developers. The convenience comes at a price, however, since Infura collects wallet addresses and IP data from users when users run full nodes. 


While Infura is working towards decentralization, the company is not planning to discontinue its more centralized offering, which relies on ConsenSys and Amazon's cloud. 


Eleazar Galano, the co-founder of Infura, says its decentralized protocol complements its centralized offerings. 


“What we're focused on decentralizing is the lower-level infrastructure layer beneath that so there's more interoperability between operators that serve this type of traffic,” Galano told CoinDesk.? 


Furthermore, he explained that it is not possible to decentralize the customer experience. There is a dedicated team of support engineers and customer success managers who are responsible for customer satisfaction. 


Infura platform is developed by ConsenSys, a Web3 API provider under the leadership of Joe Lubin, who is also the co-founder of Ethereum. Lubin said in a statement that ConsenSys is committed to decentralization, and the new network is a natural step towards that goal. 


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Pavan A

CBW - External Analyst

INDIA

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