On October 30, 2023, Snowtrace.io, a popular blockchain explorer tool dedicated to the Avalanche C-Chain, made an announcement about discontinuing its Etherscan-powered explorer. The discontinuation would be effective from November 30, 2023 (00:00 UTC). Snowtrace shared this news through a series of tweets from their official Twitter handle, @SnowTraceHQ. They expressed their gratitude to the Avalanche community (@avax) for their support over the past two years.

The Snowtrace team emphasized the importance of backing up essential information. They specifically urged users to save backups of Private Name Tags and Contract Verification details before the discontinuation date. To remind users, an official reminder was issued 17 hours before the post, stressing the urgency of backing up the mentioned information. The reminder also provided a link to a page on Etherscan’s website for further details regarding the discontinuation of the blockchain explorer.

Although the official announcement did not provide a clear reason for the discontinuation, some individuals in the crypto community speculated that the high service costs associated with Etherscan’s Explorer-as-a-Service (EaaS) framework could be a significant factor. Mikko Ohtama, Co-founder of Trading Strategy, estimated that the annual EaaS subscription cost could range from one to two million dollars, making it potentially expensive for Snowtrace to continue under the existing framework.

In response to the buzz surrounding the discontinuation, Phillip Liu Jr., the Director of Strategy and Operations at Ava Labs, commented on the situation. He mentioned that the protocol is transitioning to a “something better” and assured that operations would continue without any interruption. This indicates a probable shift to an alternative solution for blockchain exploration.

See also  South Korea to Require Firms' Crypto Holdings Disclosure

This episode highlights the dependencies and potential challenges faced by blockchain explorers relying on Etherscan’s EaaS framework. It emphasizes the importance of renewing service agreements, ensuring sufficient bandwidth, and maintaining adequate traffic to keep a block explorer operational. The discontinuation of Snowtrace serves as a strong reminder to users about the significance of backing up their data, particularly when utilizing third-party services for blockchain exploration.

While the future of Snowtrace remains uncertain, the proactive communication from its team regarding the discontinuation and the emphasis on data backup demonstrate a responsible approach in handling such transitions. The focus now shifts towards the emergence of alternative solutions to fill the void left by Snowtrace’s discontinuation and how Ava Labs plans to navigate this change.

Image source: Shutterstock



### News source: blockchain.news

By Team