Major Web2 Companies Partner to Decentralize Key Ethereum Infrastructure, Preventing Outages
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Microsoft, Tencent, and 16 other Web2 giants partner with Consensys to decentralize the Infura network, which powers much of DeFi.
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The Decentralized Infura Network (DIN) aims to prevent outages by allowing traffic to be re-routed across multiple providers.
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DIN launch scheduled for Q4 2022 will allow dApps to access Ethereum without relying on a single centralized provider.
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Infura currently powers most dApps' access to Ethereum blockchain data, posing centralization risks seen in 2020 outage.
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DIN partners currently in "federated" trial phase, but end goal is a decentralized governance model for the network.