Building a Decentralized Network Infrastructure by Infura
Infura, a leading Web3 API provider owned by ConsenSys, has announced the development of a Decentralized Infrastructure Network (DIN). This network is designed to address concerns about centralization within the Web3 ecosystem and potentially decentralize it.
The DIN is being engineered by Infura, a company known for providing scalable blockchain infrastructure and APIs for decentralized applications. The network aims to strengthen the foundation of Web3, allowing billions of future users to access information and services.
Infura currently serves as the backend for numerous Web3 companies, enabling them to launch their products and connect to blockchains without running their own nodes. However, as Infura onboards more companies, Web3 becomes more centralized. In response, Infura has suggested that decentralization could be achieved if every person ran their own node.
Recognizing the need for a more decentralized solution, Infura believes that their upcoming DIN could be the answer. The company is currently working on the protocol for the DIN and has launched an early access program for Web3 infrastructure providers to join in developing the network.
The DIN is intended to be a part of the infrastructure of the Web3 ecosystem. Its launch is expected in the first half of 2023. Joseph Lubin, CEO of ConsenSys, stated that decentralization is the overarching goal of ConsenSys, and that the DIN via Infura is a natural continuation of that goal.
The development of the DIN by Infura is a significant move towards decentralizing the Web3 ecosystem. While other projects, such as Pocket Network's Decentralized Infrastructure for Cosmos, are also working towards this goal, Infura's DIN could potentially have a significant impact due to its scale and the company's established position in the Web3 space.
Infura's announcement of the DIN marks a step forward in the ongoing quest for a more decentralized Web3 ecosystem. As the development progresses, it will be interesting to see how this new network evolves and contributes to the decentralization of the Web3 world.
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