ConsenSys, the leading blockchain technology company, is preparing to introduce a decentralized version of Infura by the close of this year, a move that could significantly reshape the way Web3 applications access blockchain data.

The plan to create a decentralized version of Infura was first announced a year ago. Infura stands as the primary gateway for a multitude of DApps (decentralized applications) to fetch real-time on-chain information from the Ethereum blockchain.

However, concerns that with its exclusive control under ConsenSys, Infura's decentralization may represent a solitary point of failure. This was manifestly evident in November 2020 when the MetaMask wallet became non-functional due to an Infura outage, causing disruptions for centralized exchanges and various DeFi …