Infura Launches New Defi Infrastructure Network Supports Ethereum And Web3
Ethereum infrastructure development project Infura will launch a new decentralized infrastructure network capable of providing blockchain APIs with high performance and throughput without a single point of failure, overcoming the discontinuity or stoppage of operation.
At the ETHBerlin hackathon on September 16, the Ethereum engineering company Infura revealed plans to create a Decentralized Infrastructure Network sometime in 2019.
The “Decentralized Infrastructure Network” is the official name of the network. The access to Web3 products will be made available to “millions of future consumers” via this new network, “without outages and downtime due to a single point of failure“, according to a statement.
Infura is a Web3 powered service delivery project focused on Ethereum. It provides tools and infrastructure that allow developers to easily connect their applications to platform blockchains like Ethereum.
Infura co-founder E.G. Galano told Decrypt in an interview that he doesn’t want Web3 to be reliant on just one or a few infrastructure providers like Infura.
“As time goes on, the blockchain grows and grows, [and] it becomes more difficult for people to run their own infrastructure,(…). So you could fast forward in time, however many years and say, will it only be Infura? Will it only be a handful of entities like Infura? And that didn’t feel like the right thing.”
Galano said
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Infura Launches New Defi Infrastructure Network Supports Ethereum And Web3
Ethereum infrastructure development project Infura will launch a new decentralized infrastructure network capable of providing blockchain APIs with high performance and throughput without a single point of failure, overcoming the discontinuity or stoppage of operation.
At the ETHBerlin hackathon on September 16, the Ethereum engineering company Infura revealed plans to create a Decentralized Infrastructure Network sometime in 2019.
The “Decentralized Infrastructure Network” is the official name of the network. The access to Web3 products will be made available to “millions of future consumers” via this new network, “without outages and downtime due to a single point of failure“, according to a statement.
Infura is a Web3 powered service delivery project focused on Ethereum. It provides tools and infrastructure that allow developers to easily connect their applications to platform blockchains like Ethereum.
Infura co-founder E.G. Galano told Decrypt in an interview that he doesn’t want Web3 to be reliant on just one or a few infrastructure providers like Infura.
“As time goes on, the blockchain grows and grows, [and] it becomes more difficult for people to run their own infrastructure,(…). So you could fast forward in time, however many years and say, will it only be Infura? Will it only be a handful of entities like Infura? And that didn’t feel like the right thing.”
Galano said
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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