In order to fully decentralize the backend of ShapeShift it is vital to have a source of reliable, indexed, and decentralized node data for all chains that are supported by the ShapeShift interface. If anyone is going to host decentralized copies of indexed node data, there needs to be an incentivization structure in place to reward them for their work. FOXChain, a purpose-built blockchain built on the cosmos SDK, has been proposed to solve both problems.
For more information on the FOXCHAIN workstream, check out the proposal that created it or reach out to FOXCHAIN’s workstream leader, .