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Crypto protocols require end-to-end decentralization


The crypto ecosystem has made strides in decentralizing blockchains, but the recent CloudFlare incident has shown that true resilience requires decentralized frontend and storage layers as well, blockchain infrastructure platforms would argue.

Decentralized blockchains through consensus, a robust set of validators, and smart contracts are important, but they represent only one part of the equation,” an EthStorage spokesperson explained to Cointelegraph on Wednesday

“True resilience requires rethinking the entire stack – not just the blockchain layer,” they said, highlighting that remote method calls, domain systems, APIs, indexing and storage must also be decentralized.

This type of “end-to-end decentralization” ensures that protocols cannot be captured by a single point of failure, Ethstorage said.

Source: Ethstorage

blockchain.com, Coinbase, Ledger, bitmex, Toncoin, Arbiscan, and Defillama are among the crypto protocols affected by Cloudflare Network Outage on Tuesday, affecting nearly 20% of internet traffic.

A similar number of crypto protocols were also affected by Amazon Web Services Outage a month ago.

EthStorage, Protocol Labs by IPFS and FileCoin, and Arweave are among crypto platforms building decentralized HTTP and storage solutions for crypto protocols to respond more resiliently to internet failures.

Filecoin also discussed the Cloudflare incident, says: “Outages like yesterday show how much traffic flows through a number of centralized networks,” while addition that “relying on a single cloud provider creates limitations for any society that depends on stable data access.”

Ethstorage says that many crypto protocols rely on Web2 infrastructure for frontend and support layers that are out of comfort and familiarity.

Many teams assume that decentralized alternatives are slower, more expensive, harder to maintain, and less user-friendly, but Ethstorage says these assumptions are “outdated.”