Snowtrace.io to Discontinue Etherscan-Powered Services on November 30
Summary:
Avalanche (AVAX) blockchain explorer, Snowtrace.io, powered by Etherscan's Explorer-as-a-Service (EaaS), will discontinue its services on November 30th. Users are urged to backup important data prior to the shutdown. The exact reason remains undisclosed, but high EaaS service charges might be a factor. Phillip Liu Jr. from Ava Labs denied rumors of ceasing operations and hinted at transitioning to a better solution.
The widely known Avalanche (AVAX) blockchain navigator, Snowtrace.io, has announced that its website, which runs on Etherscan's Explorer-as-a-Service (EaaS) technology, will cease functioning as of November 30. The team at Snowtrace reassured users that only the version of the explorer that operates on the Etherscan platform will be affected. The announcement made on October 30 urged users to store all backup data including private name labels and verification details for contacts, prior to the specified date. While the exact reason for discontinuing the explorer remains undisclosed, speculation suggests that the EaaS service charges by Etherscan might be a contributing factor. Mikko Ohtama, the co-founder of tradingprotocol, estimated that an annual subscription to EaaS could lie in the range of $1-$2 million. He expressed that despite Etherscan's efficacious offering, the need for decentralizing smart contract verification shouldn't be overlooked. Ohtama expressed skepticism for its verification process, pointing towards the Malaysian privately-held entity that hosts the source code. Phillip Liu Jr., in charge of strategy and operations at Ava Labs, hinted towards transitioning to an improved solution, also dispelling any rumors about halting operations. The EaaS feature from Etherscan supplements blockchains with a block explorer and an API answer at a cost. Non-renewal of the EaaS service contract, inadequate bandwidth, or restricted traffic flow might lead to discontinuation of block explorers. In such cases, it's advisable for users to store all crucial data like private name tags, transaction notes, contract validation data etc., before the shutdown. Snowtrace.io’s Etherscan-powered service will halt operations on November 30, 00:00 UTC. The team expressed gratitude for the support received from Ava Labs and the community over the previous two years, wishing them well for the future journeys.
Published At
10/30/2023 5:46:19 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.