The APIS will be introducing their blockchain access middleware meant for developers who want to integrate blockchain into their applications without blockchain expertise. Unlike The Graph, a project that reads data from the Ethereum blockchain, the APIS platform also provides write access so developers can build complete applications and even deploy blockchain infrastructure, such as smart contracts. The APIS platform’s alpha launch is accompanied by a video demo covering how to query Ethereum ERC-20 and ERC-721 contracts, including tokens such as DAI, USDC, YFI, and even digital collectibles such as Crypto Kitties and original artwork.
Phase 1: Connect to native blockchain RPCs for Ethereum, Bitcoin, Binance Smart Chain, and Solana
Phase 2: Unified interfaces with REST APIs for multiple blockchains, DeFi & yield farming support
Phase 3: SDK release and dApp tutorials, incentives, and ecosystems with API token
Phase 4: APIS Nodes for decentralization
1) How To Call For Data
The developer API is used for two different types of on-chain token data calls in this demo.
https://www.youtube.com/watch?v=nvTwyfzNsiw&feature=youtu.be
In the first example, the sample transaction is brought up using the methods API call to read the matching events [such as token transfers] from smart contracts on the Ethereum network. The Cryptokitties ERC-721 sender address, transaction hash, and the contract address can all be used to specify the appropriate scope of data, in addition to gas cost, transaction nonce, metadata, and other parameters that can filter query results. For instance, removing contract information allows outside developers to create customized lightweight on-chain data structures without going through a centralized provider or hitting rate limits.
The Rinkeby DAI contract is called in the second example. Using the developer console, the primary ERC-20 address is entered, and we demonstrate how the “method”: “transfer” and “method”: “approve” inputs can flag different types of transactions. One improvement APIS offers over current indexing and query methods are filtering “approve” and “transfer” transaction methods independently. Of course, this is only our alpha release, and more features are planned and in development.
2) Attracting Infrastructure Architects
There will be more additions to the platform as we move into Phase 2. For example, the APIS ecosystem will incentivize new tooling and reward those who create new API ID projects. The original developer will receive a 5% fee commission from all payments generated to the network by that ID. For the first year, that ID is in operation, measured in Ethereum block heights. Data customers will pay for queries using API tokens. Liquidity mining and DApps funding reserves contribute to a significant portion of the total APIS emissions, which will attract a wide range of developers and end-users to grow the ecosystem towards rational profit maximization. 10% of all tokens are earmarked for developer grants, hackathons, meetups, and decentralized community building measures.
The APIS will provide a developer-friendly, decentralized platform that acts as a turn-key solution for integrating public blockchains, allowing developers to frictionlessly construct API packages that serve any category of blockchain applications — from DeFi to oracles to file storage. With a strong user base and an easy-to-use developer API, APIS.finance will become a global, decentralized database for open finance and Web 3.0.
👋 About THE APIS:
The APIS is an indexing protocol for reading and writing to open networks. Making APIs open and accessible to power a decentralized world.
