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Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted. Infura, the Web3 infrastructure firm from Consensys, has just entered into multiple partnerships with Microsoft and Tencent. The move, which appears to be in line with its vision of achieving
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"There's that ethos in Web3 about decentralization being a core value," Thomas Hay, the lead product manager for Infura, told CryptoX. "We know there are advantages to a centralized service in terms of the ease of use and the ability to get up and running, but moving in the direction
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Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.The partnerships aim to increase decentralization on the Infura network — key to preventing outages of
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A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says. “We’re looking to launch something later this year, but then there’s going to be what they call a federated
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Censorship resistance is the foundation of crypto, so for many cryptocurrency purists, the Nov. 23 announcement by ConsenSys, the New York-based company behind the leading Ethereum browser wallet, informing its 20 million MetaMask users that their IP and wallet addresses would be collected was simply a gross violation of the
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Infura is developing a decentralized marketplace of data providers that will help to prevent Web3 app crashes in the future, according to a Feb. 6 Cointelegraph interview with Infura researcher Patrick McCorry.McCorry stated that the new “Dfura'' or “decentralized Infura” will help to ensure that blockchains remain decentralized by distributing
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Despite its push toward decentralization, Infura will not discontinue its more centralized product, which utilizes a single provider, ConsenSys, and Amazon-hosted cloud services. Instead, the decentralized protocol will exist alongside the company’s existing offerings. Source
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“MetaMask and Infura are unavailable in certain jurisdictions due to legal compliance,” the ConsenSys-controlled crypto wallet and infrastructure provider, respectively, said in a joint blog post time-stamped around 11:00 a.m. ET Thursday. Users from those areas would get an error message, the blog post said. Source
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“The business fundamentals and operating environment are entirely different today than at the time of the transaction, though the group would like to apply a valuation that might be achieved today to a set of projects that were pre-monetization during the darkest days of COVID when the transaction took place,”
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Infura, a blockchain development tool from ConsenSys, now has over 350,000 users for its service to connect to Ethereum and build decentralized apps (dapps).The product has seen the number grow from 100,000 less than a year ago, an increase of 250%, Consensys announced Tuesday.Infura allows developers to connect to the
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