Decentralized Infura to Launch Global Marketplace for Reliable Ethereum Access and Censorship Resistance
Summary:
Decentralized Infura is set to launch a decentralized marketplace with multiple data providers, including itself, to make Ethereum access more reliable and censorship-resistant. The aim is to create a TCP/IP-like architecture that cannot be easily regulated, with a trial period expected to last six months. The transition to a permissionless marketplace of data providers is expected in 2024.
Decentralized Infura is set to launch by the end of this year, with major Web2 cloud providers becoming part of the network, according to Simon Morris, Consensys' head of strategy. The plan is to have a trial period, known as the federated phase, lasting approximately six months. Infura, which is currently controlled solely by Consensys, acts as an access point for most DApps to access real-time on-chain data from the Ethereum blockchain. However, its centralized nature poses a single point of failure. To address this issue, work is underway to create a decentralized marketplace with multiple data providers, including Infura, distributed globally. The aim is to make Ethereum access more reliable and censorship-resistant. This new architecture is being designed to resemble TCP/IP, which cannot be easily regulated. Morris mentioned that both crypto native companies and large Web2 cloud providers have shown interest in joining the decentralized network. Although the specific involvement of Google Cloud or AWS was not confirmed. The federated stage, still under centralized control, will be crucial for addressing any issues and ensuring proper system functioning. The transition to a permissionless marketplace of data providers is expected to take place around 2024. By decentralizing Infura's data providers, the risk of monopolies being shut down by a single court order is mitigated, especially for Web3 wallets such as MetaMask that heavily rely on Infura for data. The governance of the decentralized Infura could be handled by a decentralized autonomous organization (DAO) or a foundation, according to Morris.
Published At
9/8/2023 6:03:09 AM
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