Vitalik Buterin, one among the co-founders of the Ethereum blockchain, said decentralization applications (DApps) could mitigate web infrastructure outages, comparable to when web service provider Cloudflare experienced a large outage in November.
In a post on Thursday[building] the world computer that serves as a central a part of the infrastructure of a freer and more open Internet.” According to the co-founder, this began with DApps, which “run without fraud, censorship or third-party interference” and will be deployed on the blockchain at scale.
“Applications where as a user you don’t even notice if Cloudflare goes down – or if Cloudflare gets hacked entirely by North Korea,” Buterin said. “Applications whose stability transcends the rise and fall of corporations, ideologies and political parties. And applications that protect your privacy. All of this – for finance, but in addition for identity, governance and another civilizational infrastructure that folks wish to construct.”
Source: Vitalik Buterin
The Cloudflare outage, which caused about 20% of the platform's web sites to go down in November, was attributable to a software bug. A “feature file” utilized by its bot management system in response to cyberattacks grew beyond its normal limit, in keeping with an organization post-mortem report.
With many crypto platforms affected by the identical outage, in addition to an outage attributable to Amazon Web Services in October, many questioned the reliability of the centralized web infrastructure. Websites like Coinbase, Blockchain.com, BitMEX and Ledger went offline.
“Decentralization undermines not through co-optation, but through convenience,” researchers Yoav Weiss and Marissa Posner of Buterin and the Ethereum Foundation said in a manifesto published Nov. 11. “It tends – robotically and repeatedly – towards a dependency on trust.”
Buterin brings idea of Ethereum on-chain gas futures to market
The Ethereum co-founder is a daily on social media, providing insight into the crypto industry and technology through his blog and other media. In early December, he argued that the crypto market needs a “good, trustworthy on-chain gas futures market” that offers users security over blockchain transaction fees.
