Ethereum tool developer Infura has outlined its vision to create a Decentralized Infrastructure Network in 2023, as per the Tweet.
This is to enable network nodes to run effectively so developers and users of apps like MetaMask don’t have to do it themselves. For Ethereum and other blockchains like Polygon and Near, this would be like Amazon Web Services.
“In the past, this complexity presented itself as a centralization hurdle as it restricts who can run such a service as part of a decentralized infrastructure network”, the blog read.
Access to Web3 products will be made available to “millions of future consumers” via this new network, “without disruptions and downtime due to a single point of failure,” according to a statement.
In recent years, several teams have overcome these technological, logistical, and financial hurdles. There is now a flourishing ecosystem of highly reliable infrastructure providers and this makes it the perfect time to take the next step in the journey toward progressive decentralization.
Infura, a part of ConsenSys, offers Web3 businesses the backend infrastructure they need to introduce their goods. It gives companies a method to connect to decentralized ledgers like Ethereum without having to manage their own nodes.
Joseph Lubin founded ConsenSys, which also runs MetaMask, the most well-known self-custody cryptocurrency wallet. Infura offers services to more than 430,000 developers globally and its competitors include Alchemy and Blockdaemon.
Apart from that, Infura is also exploring issuing a token, so clients could pay for usage, Galano said. Infura is already accepting applications from operators interested in joining its early access program.
Infura Handles Over 50% of Transactions On The Ethereum Network
“It helps solve one of the concerns about the centralization problem with Ethereum,” Eleazar Galano a co-founder of the startup said. “What we are doing is, when people are accessing the data it can be done in a decentralized way.”
Galano also claimed that more than 50% of transactions on the Ethereum network have at times gone through Infura.
Nevertheless, its proposal to offer a decentralized version of the service, in the first half of 2023, might therefore have major implications for Ethereum stakeholders. Investors and authorities alike are keeping a clsoe watch on that.