By 2023’s close, Infura hopes to have rolled out a decentralized version of its service.
Consensus’ blockchain infrastructure service provider Infura has announced that by the end of 2023, it will provide a decentralized version of its service that will be administered by several companies to ensure the service is robust to outages.
The company informed The Block that it intends for the decentralization initiative to occur in stages. It is still unclear if the decentralized Infura will be governed by a DAO or a foundation.
Among the many blockchain-related IaaS systems, Infura is a popular choice. It allows web3 wallets like MetaMask, which are used for decentralized apps, to quickly access various blockchains.
The strategy’s goal is to reduce the likelihood of a catastrophic failure while maintaining high-throughput access to blockchain APIs. The company has begun its early access program.
Decentralized Infura will first enter a “federated phase,” with full deployment anticipated by the year 2023. There will be a select group of launch partners involved in this stage, followed by iterative stages where the architecture is refined.
Infura’s autonomous infrastructure product lead, Tom Hay, said in a statement, “We hope to launch something later this year, and that will be a federated phase.” “The federated phase will last at least six months and will teach the network how to create a sustainable model before introducing additional decentralization.”
The team stressed that it has not yet determined whether the decentralized version of Infura would be administered by a foundation or a decentralized autonomous organization.