Let the deposit and withdrawal of Ethereum go down, what is Infura?
On November 11, multiple investors reported that multiple trading platforms such as cryptocurrency exchanges Binance, Upbit, and Bithumb were suspected of suspending the deposit and withdrawal services of ETH and ERC20 tokens. The Ethereum wallet MetaMask also has abnormal balance display and data delays.
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What is Infura? Why does it have such an impact?
According to the conventional definition, Infura is an IaaS (Infrastructure as a Service) product, a managed Ethereum node cluster, which can deploy the Ethereum smart contracts you develop to the nodes provided by infura without building your own Ethereum nodes , thus greatly reducing the threshold for accessing Ethereum data.
In layman's terms, Infura is a platform that allows your DAPP or exchange to quickly access Ethereum, without the need to run Ethereum nodes locally.
From the operation of Ethereum to the present, a large number of transactions have been packaged, resulting in a sharp increase in the size of the full node. It often takes several days to download and synchronize a full node, and there will be occasional information out of sync, so most of the time If you want to do full-node development, you can use the nodes provided by infura.
If you’ve used MetaMask, you’ve already come across Infura, as it is the Ethereum provider behind MetaMask, so when Infura’s Ethereum API service was down, MetaMask was also affected.
From a programmer's point of view, Infura is a Web3 Provider behind which is a load-balanced API node cluster. The advantage of using it is that you never have to worry about the failure of connected nodes, Infura will take care of it all. In addition, Infura can also easily access IPFS.
On October 22, Infura tweeted that it released the Filecoin Network API Beta, allowing developers to connect to the Filecoin mainnet through this API and build Filecoin-based applications.
Last but not least: Infura is currently free.
In October 2019, Ethereum startup ConsenSys announced the acquisition of Ethereum infrastructure provider Infura.
In the latest news, Infura said it "has provided additional online processing capacity to the affected components and continues to analyze the root cause of the outage. System recovery operations are in progress."
V God said in the community that there may be a problem with the old version of geth, but the Ethereum network is fine.
Finally, it is worth mentioning that in this turmoil, some wallets and exchanges were not affected, such as Bitcoin Wallet, Math Wallet, and Huobi Exchange, because they did not all use Infura services, but built Your own API data service and service nodes should send them little red flowers, but it seems that the infrastructure must be gradually "decentralized".
