Ethereum-Centric ConsenSys Buys Infura, an ETH Infrastructure Provider
The famous Ethereum (ETH) venture production studio and accelerator ConsenSys has recently announced a new acquisition. Now, the company bought Infura, a blockchain company that is focused on developing solutions that can improve the infrastructure of the Ethereum network.
According to a recent post made by Infura, the operations of the company will continue as usual under the leadership of the new management. Joseph Lubin, one of the co-founders of both Etheruem and ConsenSys, was an early investor of Infura and both studios had a very close relationship prior to the acquisition.
The goal of Infura is to provide Ethereum-based solutions for developers who are interested in creating decentralized solutions for Ethereum. This way, the company allows them to deploy crypto solutions without necessarily having to host a full node, something that can be expensive in some cases.
One of the main services that are offered by the company is Infura+. The service, which is paid with a subscription, enables the developers to remotely use the infrastructure provided by the company.
The service is not without its own controversies, however. Delphi Digital, a research company focused on crypto solutions, has recently published a report in which it accused the solution of the company of being too centralized.
According to the reports, the developers who used the infrastructure were failing to see that it would create a single point of failure because the service was operated only by the company, which is the opposite of what the decentralization is. This way, they could be open to more issues than other more decentralized solutions.