The post Consensys invites Big Tech to decentralized infrastructure network appeared on BitcoinEthereumNews.com.

One of the core value propositions of blockchain technology is its resilience, which follows from decentralized and redundant infrastructure. Yet components vital to the everyday use of crypto rails, such as RPC nodes, often still rely on a centralized architecture, making them vulnerable. To address this, Infura, a leading Web3 API provider and a part of Consensys, revealed its collaboration with 18 major internet infrastructure companies, including Microsoft and Tencent Cloud. This alliance, kicked off at Devconnect in Istanbul, aims to establish the Decentralized Infrastructure Network (DIN). DIN, described as a decentralized RPC-as-a-service, is a new venture that provides developers with a robust, scalable, and highly reliable blockchain infrastructure. RP-what-now? To get the gist of an RPC node’s role, ​​imagine a blockchain as a large, bustling restaurant kitchen where dishes (transactions and blocks) are continuously being prepared, served and recorded (the blockchain ledger). In this kitchen, the chefs (nodes) are busy preparing dishes, with each dish representing a piece of transactional data or a block in the blockchain. Now, as a customer (user), you can’t just walk into the kitchen to order a dish, or check on the progress of the Beef Wellington. Instead, you interact with a waiter (the RPC node) as your point of contact. When you want to place an order (make a transaction), or check if that take out order you phoned in earlier is ready (query transaction data), or pay your check (add a new block), you call the waiter. The waiter takes your request, goes into the kitchen, and conveys it to the chefs. They find the right dish in the restaurant’s culinary oeuvre (locate the correct data in the blockchain), prepare it (process a transaction) and eventually you enjoy a nice meal (transaction confirmed). In technical terms, the RPC node acts as an…

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Filed under: News - @ November 16, 2023 1:14 am