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Consensys and the Decentralized API Revolution

Sep 12, 2023
2 min read

Consensys is gearing up for a groundbreaking change as it plans to launch a decentralized version of the leading API provider, Infura, by the end of this year. This has been reported by Cointelegraph, citing Simon Morris, the head of Consensys' strategic division. 

Infura serves as a crucial remote procedure call (RPC) endpoint for most decentralized applications (dApps) on the Ethereum (ETH) platform and is the world's first and largest application programming interface (API) provider in the Web3 field.

However, the centralized nature of Infura poses a risk to the entire network. The launch of a decentralized infrastructure, which Consensys announced back in 2022, aims to solve this issue. Besides reducing the risk of network failure, the new infrastructure will significantly simplify access to the blockchain for application developers. The ultimate goal of this initiative is to create an equivalent of TCP/IP to eliminate censorship at the system level, although providers will still be subject to some risk.

The head of Consensys' strategic division highlighted that Web2 providers have shown interest in the project. However, neither Google Cloud nor Amazon Web Services has officially declared their participation.

It is worth recalling that in November 2022, a scandal erupted around Consensys and Infura. Changes in MetaMask's privacy showed that the wallet collects and stores user data, including their IP address. This affected everyone who used Infura to access the network. Consensys tried to explain that the information is deleted after a week, but this led to a user exodus from the platform anyway.

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