AVAX blockchain explorer to close down as Etherscan charges draw controversy

by Jeremy

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

In keeping with the October 30 announcement, Snowtrace customers are required to avoid wasting their backup info, reminiscent of personal title tags and make contact with verification particulars, earlier than the mentioned date. Whereas the group 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 value between $1-$2 million per 12 months. Ohtama wrote

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

Phillip Liu Jr., head of technique and operations at Ava Labs, additionally commented that the protocol is “transferring onto one thing higher” and is “completely not” stop operations. For a price, Etherscan’s EaaS service gives 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 really useful to avoid wasting their knowledge, reminiscent of personal title tags, transaction notes, contract verification particulars, and so on., prior to shutting down. 

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