Infura to launch open source decentralized protocol for Web3 APIs

Quick Take

  • Infura invites qualified infrastructure providers to participate in a new decentralized protocol slated for launch early next year.

  • The blockchain software company will continue to develop and provide its centralized Web3 API services.

ConsenSys powered Web3 API provider Infura will look to deploy a decentralized protocol early next year in the interest of offering a more decentralized model for the management of Ethereum’s application layer, Coindesk reports.

The progressive update will see Infura augment its Web3 API services by developing open-source repositories for the protocol’s core processes, and decentralizing the JSON RPC API responsible for connecting users to Ethereum. Infura’s first step will be to establish an open-source initiative to engage the wider DeFi community according to Infura co-founder Eleazar Galano, who today inv