Visualy ®
October 30, 2023

The Controversy Surrounding AVAX Blockchain Explorer Shutdown Amid Etherscan Fee Controversy

18min

In the ever-evolving landscape of blockchain technology, recent developments in the world of Avalanche (AVAX) have stirred quite a buzz. Snowtrace.io, a popular blockchain explorer tool catering to AVAX users, has announced its imminent shutdown. However, this isn't just a routine closure – it's a decision born out of controversy surrounding the fees imposed by Etherscan's Explorer-as-a-Service (EaaS) toolkit. In this article, we dive deep into the details of this unfolding story.

1. The Shutdown Announcement

Snowtrace.io, a well-regarded name among AVAX enthusiasts, has declared that it will cease operations and shut down its website on November 30. Importantly, this shutdown pertains specifically to its explorer service that relies on Etherscan's EaaS toolkit.

2. The Need for User Precautions

In their October 30 announcement, the Snowtrace team issued a vital advisory to its users. They urged all users to safeguard their essential data before the impending shutdown. This includes preserving private name tags and contact verification details. While the official statement did not explicitly state the reasons for this decision, the community's speculations have centered around the substantial fees charged by Etherscan for its EaaS toolkit.

3. The Etherscan Fee Controversy

Mikko Ohtama, co-founder of tradingprotocol, shed light on the contentious issue of Etherscan's fees. He revealed that the annual subscription fees for Etherscan's EaaS can soar to a staggering $1 to $2 million. While acknowledging Etherscan's product quality, Ohtama emphasized the need for decentralization in smart contract verification. He pointed out that regulators and other stakeholders may raise concerns about centralized verification processes and hosting source code by private companies, as is the case with Etherscan in Malaysia.

4. AVAX's Response

Despite the looming controversy, Phillip Liu Jr., the head of strategy and operations at Ava Labs, the organization behind AVAX, expressed confidence in the protocol's future. He assured the community that AVAX was not abandoning its journey but rather "moving onto something better." This statement suggests that AVAX has strategic plans to navigate the situation and continue its growth trajectory.

5. Etherscan's EaaS Service

Etherscan's EaaS service is known for providing blockchain projects with essential tools, including a block explorer and an application programming interface (API) solution. However, it's crucial to note that the discontinuation of a block explorer powered by Etherscan can result from several factors. These may include non-renewal of an EaaS service agreement, bandwidth limitations, or restricted traffic. Users are encouraged to take precautions by safeguarding their data, such as private name tags, transaction notes, and contract verification details, in the event of a shutdown.

Conclusion

The AVAX blockchain explorer's shutdown, coupled with the controversy surrounding Etherscan's fees, has sent ripples through the blockchain community. While this chapter unfolds, AVAX remains steadfast in its commitment to provide its users with an improved experience. The cryptocurrency world is ever dynamic, and as one door closes, another opens. Stay tuned for more updates as this story continues to evolve.

Latest posts

Newsletter

Stay updated with our latest news!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Instagram

Follow Us