SnowTrace Departs from Etherscan’s Service Amid Fee Concerns

Avalanche’s favored blockchain explorer transitions as industry moves towards cost-effective, decentralized solutions

SnowTrace, a renowned blockchain explorer for the Avalanche network, is shutting down its services reliant on Etherscan’s Explorer-as-a-Service (EaaS) toolkit come November 30. The decision, although not explicitly outlined, resonates with growing concerns over Etherscan’s escalating service charges. Users are now prompted to secure their data, an act shedding light on the unforeseen inconveniences tied to centralized service dependencies.

Critics underscore the pressing need for decentralized solutions. Mikko Ohtama, a notable figure in the trading strategy domain, voices the broader concern, pinpointing the hefty annual subscription of EaaS, ranging between $1 million and $2 million. He emphasizes the essentiality of decentralizing smart contract verification processes, an opinion gaining traction within the crypto community.

Phillip Liu Jr. from Ava Labs, reflecting on the scenario, assures the continuity of the protocol’s operations. His comments hint at a transition towards a “better” solution, subtly indicating a potential shift to decentralized platforms. The undercurrents of change are palpable as blockchain entities evaluate the sustainability and autonomy offered by decentralized services over centralized ones, especially in light of soaring service fees.

The unfolding SnowTrace episode is emblematic of a larger discourse within the blockchain community. It accentuates the continual tug-of-war between centralized and decentralized infrastructures, with the latter poised as a viable alternative to circumvent high service fees and ensure operational autonomy. This scenario delineates a pivotal moment in the blockchain narrative, potentially catalyzing a broader shift towards decentralized blockchain explorers and services.

Source: https://cointelegraph.com/news/avax-blockchain-explorer-to-shut-down-etherscan-fees-draw-controversy 

Image: https://unsplash.com/photos/young-female-engineer-it-with-laptop-fix-problem-between-server-racks-in-data-center-dDr0UxdDZNU 

Secret3 is committed to responsible and ethical reporting.

dYdX Takes a Giant Leap with Layer-1 Blockchain Launch

dYdX Takes a Giant Leap with Layer-1 Blockchain Launch

Decentralized Exchange dYdX Unveils its Independent Blockchain to Foster

Excitement Brews as Istanbul Gears Up for ZkDay Conference and Pitch Competition

Excitement Brews as Istanbul Gears Up for ZkDay Conference and Pitch Competition

The Crypto Community Gathers for a Deep Dive into Zero-Knowledge Technology and

You May Also Like