SnowTrace, the prominent Avalanche blockchain explorer developed and managed by the Etherscan team has made a surprising announcement. In the wee hours of October 30, 2023, SnowTrace attached a notice on the website stating that it would cease its operations at 07:00 a.m. on November 30th [Vietnam time]. This development has triggered a wave of speculations within the community, primarily revolving around the funding status of the Avalanche team.
The announcement next outlines the necessary steps website users must take before the deactivation date. Users are urged to download their private key, name tag, and contract verification details for personal storage. This precautionary measure is crucial to ensure that users retain control over their data and assets even after SnowTrace discontinues its services.
SnowTrace, serving as an Avalanche C-Chain block explorer, has been an essential tool for the crypto community, offering insights into the Avalanche network. Developed and operated by the respected Etherscan team, it has played a vital role in facilitating transactions, verifying contracts, and providing transparency to users and developers alike.
Idk bros, discontinuing http://snowtrace.io AVAX should have been announced months in advance and officially. Not on a 30-day notice as there are thousands of devs and users using it for their dapps. There should be a smooth transition if there is going to be something else to replace. This aint how you normally handle comms.
The decision to deactivate SnowTrace has sparked concerns, particularly regarding the financial backing of the Avalanche team. Speculations have arisen within the community, suggesting that this move might be connected to funding challenges faced by the Avalanche project. These rumors have led to questions about the sustainability and future developments of the Avalanche ecosystem. However, given the absence of official announcements clarifying the shutdown’s cause, these rumors should be considered speculative and not confirmed facts.
Avalanche: Users’ Assets Safeguard
In light of these developments, users are being urged to act swiftly. The notice emphasizes the importance of downloading private name tags and verifying contracts before the deactivation date. By doing so, users can safeguard their crucial information and assets, ensuring that they remain secure and accessible even in the absence of SnowTrace’s services.
As the community eagerly awaits further updates from the Avalanche team, these precautionary measures have become a focal point of discussion. The future trajectory of the AVAX network, its funding stability, and the implications of SnowTrace’s deactivation continue to captivate the attention of crypto enthusiasts and stakeholders alike.