Altcoin News: ConsenSys Acquires Infura Infrastructure Developer

October 4, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

ConsenSys, an ecosystem development company for Ethereum’s second-largest cryptocurrency, has acquired Infura, an infrastructure blockchain solution developer that it previously sponsored.

According to the publication in Infura blog, the company will continue to carry out its activities, and now as ConsenSys units.

“ We’ve found the ConsenSys incubation model to be conducive to our growth, and we are all thrilled to have our continued home inside ConsenSys,” the company writes.

Infura provides solutions that allow developers to launch their decentralized applications without having to support a full node. This feature of Infura at the same time raises a number of complaints, as it leads to increased centralization of the network. For example, Delphi Digital, in its study, previously stated that due to the existence of Infura, developers rely entirely on ConsenSys and the Amazon Web Services infrastructure, which creates a single point of failure, which should not be in decentralized systems.

Also this week, ConsenSys supported the Ethereum SKALE Network blockchain scaling project.

Author: Marko Vidrih