Infura, a blockchain infrastructure provider owned by Consensus, plans to launch a decentralized version of its service by the end of 2023, which will be operated by multiple entities to provide flexibility against outages.
The decentralization effort is planned in stages, with a governance model for decentralized Infura possibly being a DAO or foundation.
Infura acts as a platform. Infrastructure-as-a-Service One of the most widely used in the blockchain space. It provides decentralized applications and web3 wallets like MetaMask with fast access to multiple blockchains.
The plan’s objective is to continue providing access to high-throughput blockchain APIs. At the same time reducing the risk of single point of failure.
Decentralized Infura deployments will go through a “federated phase,” expected to launch by the end of 2023. This phase will include a limited number of launch partners. And the next steps will be gradual.
“We are going to launch something later this year. And that will be a federated phase,” Tom Hay, head of decentralized infrastructure products at Infura, said in a statement. “The federated phase will last at least six months and will provide the network with insights into how to create a sustainable model. before introducing further decentralization.”
refer : theblock
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