AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Snowtrace.io, a well-liked blockchain explorer instrument for Avalanche (AVAX), will shut down its web site, powered by Etherscan’s Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace workforce clarified that solely its explorer powered by Etherscan can be shut down.

Based on the October 30 announcement, Snowtrace customers are required to save lots of their backup info, akin to non-public title tags and phone verification particulars, earlier than the stated date. Whereas the workforce didn’t explicitly state the explanation for shutting down the explorer, some have pointed to Etherscan’s service charges for its EaaS toolkit. Mikko Ohtama, co-founder of tradingprotocol, claims that an annual subscription to EaaS can price between $1-$2 million per yr. Ohtama wrote: 

“EtherScan is an excellent product, however sensible contract verification is one thing that must be decentralised. Regulators and different should not going to be kosher with, how do you examine this? The supply code is hosted by a personal firm in Malaysia”

Phillip Liu Jr., head of technique and operations at Ava Labs, additionally commented that the protocol is “shifting onto one thing higher” and is “completely not” stop operations. For a price, Etherscan’s EaaS service supplies blockchains with a block explorer and utility programming interface (API) resolution. A block explorer could also be discontinued as a result of non-renewal of an EaaS service settlement, inadequate bandwith, or restricted site visitors. In such situations, customers are beneficial to save lots of their information, akin to non-public title tags, transaction notes, contract verification particulars, and many others., previous to shutting down. 

The occasion of Snowtrace by @etherscan can be discontinued on 30th November (00:00 UTC)

Thanks @avax and the group for the final 2 years of help and we want you the very best shifting ahead pic.twitter.com/WdBOzIWOz9

— Snowtrace.io (@SnowTraceHQ) October 30, 2023

Journal: Ethereum restaking: Blockchain innovation or harmful home of playing cards?