Infura is a Web3 platform that makes it easier for developers to work with the Ethereum blockchain. It offers "nodes-as-a-service," which means developers don't have to worry about managing complex Ethereum nodes. They can focus on building their projects instead.
What is Infura
Here's how it works:
- Ethereum API: Connects decentralized apps (dApps) to the Ethereum blockchain smoothly.
- IPFS API: Helps with distributed storage for dApps.
- Supports Multiple Networks: Works with various blockchain networks, not just Ethereum.
- Reliable and Scalable: Handles lots of traffic without problems.
- Plans for Decentralization: Aiming to become more decentralized in the future, in line with blockchain values.
In summary: Infura helps developers by removing the difficult parts of backend work. It's all about making blockchain development easier and more open to everyone.
Team of Infura
E.G. Galano
Co-Founder & General Manager
E.G. Galano, with over seven years as the Co-Founder & General Manager at Infura, has also served as a Cluster Architect at ConsenSys and Director of Site Reliability Engineering at KEYPR. His experience extends to roles at Sony Interactive Entertainment as a Senior Release Engineer and at Athena Engineering as a Software Programmer. Galano is a Computer Science graduate from the University of California, Riverside.
Michael Wuehler
Co-Founder
Michael Wuehler, co-founder of Infura and a seasoned Ethereum Blockchain Professional, has been instrumental in the Greater New York City Area's blockchain community. Apart from his ongoing roles at Infura and ConsenSys, he founded Ethereum NYC, a prominent technology meetup group with over 7,500 members that collaborates with major entities like Amazon, JP Morgan, and Spotify. Prior to his blockchain endeavors, Michael served as a Senior Vice President at Bank of America Merrill Lynch for over a decade. He holds an MBA from The University of Chicago Booth School of Business.
Funding of Infura
Undisclosed
Total Funds Raised
Infura is owned by ConsenSys, which has raised a substantial $725 million from top-tier funds and industry giants such as Microsoft, SoftBank, Temasek, and others.
Infura review
Pros
Nodes-as-a-Service
Infura provides an easy way for developers to interact with the Ethereum blockchain without the hassle of setting up their own nodes.
Ethereum API
Offers a reliable Ethereum connection, crucial for dApp functionality.
High Scalability
Infura's architecture allows it to handle high traffic and provides fast connections.
IPFS API
Supports distributed storage, enhancing web resilience.
Cost-Effective
Users pay only for what they use, making it affordable.
Multi-Blockchain Support
Offers connections to various blockchains, increasing its utility. blockchains, ensuring versatility and broader application.
Cons
Outage Risks
Previous outages have shown that Infura disruptions can significantly impact the Ethereum ecosystem.
Censorship Risks
Being centralized, Infura could be subject to external monitoring or censorship.
Dependency
Many services heavily rely on Infura, so any issues with it can broadly affect the blockchain ecosystem.
Opportunities
AirdropMainnet
Minimal cost: Free
Infura
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