SnowTrace, a well-known blockchain explorer tool catering to the Avalanche ecosystem, has announced its decision to shut down its website by 30 November.
The team did not offer a detailed explanation for this move. However, some industry observers have pointed fingers at the service fees associated with Etherscan’s Explorer-as-a-Service toolkit.This includes private name tags and contact verification details. Some suggest that the cost of using Etherscan’s EaaS toolkit could be a key factor behind this decision.
He emphasized the need for decentralization in smart contract verification. Ohtama also expressed doubts that regulators and others would accept a scenario where critical verification processes are conducted by a private company based in Malaysia.Additionally, Phillip Liu Jr., the head of strategy and operations at Ava Labs, a prominent blockchain platform and technology provider, commented on the situation.
An update from Avalanche’s official X account announced that the Avascan explorer team would take over from the Etherscan-based block explorer.
Source: Digital Coin News (digitalcoinnews.net)
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