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Wednesday, April 30, 2025

Blockchain Tool Developer Infura Plans to Launch Decentralized Protocol - Yahoo Finance

Blockchain development tool Infura plans to launch a decentralized infrastructure protocol early next year to address concerns that its product is too centralized to underpin the Ethereum ecosystems’ decentralized applications (dapps).
The introduction of a decentralized infrastructure protocol is a significant development in Infura’s plan to progressively decentralize its Web3 API services — a process that involves developing open-source code for the key components that power the tool as well as decentralizing the JSON RPC API that users utilize to connect to the Ethereum blockchain.
Infura enables roughly 350,000 users to easily connect dapps to the Ethereum blockchain without having to run a full node, which requires greater storage and has higher costs. That ease of access comes at a price, however. While running a full node enables users to protect sensitive activity, Infura collects wallet addresses and IP data from its users.
Despite its push toward decentralization, Infura...



Read Full Story: https://finance.yahoo.com/news/blockchain-tool-developer-infura-plans-1500007...

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