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Usha Yadav
Sep 17, 2022
by Usha Yadav

Infura Plans to Launch a Decentralized Infrastructure Protocol Next Year

Infura Decentralized Infrastructure

Table of contents

  1. Decentralized Infrastructure Protocol
  2. Ethereum and IPFS Networks
The need for decentralized alternatives to centralized institutions and services is constantly growing. Users suffer from the status quo's data breaches and downtime. Decentralizing blockchain API access is essential for enhancing network uptime and, more crucially, granting individuals control over their data. As part of its roadmap for the new year, Infura, a blockchain development tool, will launch a decentralized infrastructure protocol addressing concerns about its product's incapacity to underpin Ethereum's dApps.

Decentralized Infrastructure Protocol

Approximately 350,000 people may quickly connect dApps to the Ethereum blockchain using Infura instead of hosting a full node, which necessitates more good storage and is more expensive. But there is a cost associated with such accessibility. Users can protect their sensitive activities by running a complete node. However, Infura also logs IP addresses and wallet addresses from its users.

Infura will not abandon its more centralized offering, which uses a single provider, ConsenSys, and cloud services hosted by Amazon, despite its quest for decentralization. Instead, the decentralized protocol will coexist with the business's current products.

Ethereum and IPFS Networks

Infura introduced its service in 2016 to make Web3 developers' lives easier and to make it easier to access the Ethereum and IPFS networks. Since then, over 430,000 developers have created various products using Infura's Ethereum API, including decentralized banking applications, NFT marketplaces, and DAOs.

For well-known Web3 products like MetaMask, the Ethereum Name Service, and Layer 2 scaling solutions, Infura offers the backend of the fundamental infrastructure. Although it began on Ethereum, the Web3 developer community has since spread to several other alternative networks. Infura supports a growing number of blockchain APIs because it understands that the emergence of a multi-chain world is inevitable.

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Ethereum Infura Decentralized Infrastructure Protocol IPFS Networks
Infura Plans to Launch a Decentralized Infrastructure Protocol Next Year
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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