Access to multiple chains — made easy.
Background
Developers of decentralized applications require accurate and efficient APIs. Certain blockchain query and indexing solutions are controlled by centralized entities, which presents a set of advantages as well as disadvantages. Besides this, other entities have been established to address different needs. At Infura, they provide a web3 node provider which alleviates the requirement for developers to spin up their own nodes.
On the other hand, Consensys is a tool for developers to provide different project resources, both open-sourced and private. As the Web3 stack continues to grow, developers must have the proper tools to read and write blockchain data on public ledgers. For instance, there may be a need for ERC-20 and ERC-721 tokens to interact, or a developer may need to track balances on certain blockchains. The number of side and parachain projects (such as Polkadot DOT, other Layer-2 focused deployments) signals a greater need to look beyond ETH and BTC for calling data and signing transactions.
APIS provides a solution.
The lack of truly open-source and chain agnostic read and write toolkits is one of the blockchain stack’s biggest weaknesses. While current solutions provide ease and speed for search results, there is a lack of cross-chain capabilities for transactions and the following disadvantages.
Bad data prevention
Data can be returned for several competitive and non-malicious reasons, and providers may experience downtime or even extract higher fees for priority delivery. To circumvent this, parties who depend on reliable on-chain data will develop and operate proprietary indexing servers. APIS offers server infrastructure services so users on the platform can focus on building their business out. This compounds the problem of privately available tooling that has no extrinsic value.
The requirement for heavy resources
There are serious engineering and hardware resources involved in building public tools, and in many cases, these options still fail to provide important security properties required for decentralization.
High barrier of entry
New DApps like TheGraph, while reading and writing information on Ethereum reliably, is prohibitively difficult for even intermediate users to use. An application like The Graph is not a Dapp but a tool that helps to receive Dapps platforms’ data.
Lack of Cross-Chain Operability
Using The Graph as an example, it currently does not support reading data onto the Ethereum network or reads from other blockchains.
APIS is unique and dynamic because it is an indexing protocol for querying public networks, such as Ethereum and IPFS. The network is open to anyone who can build and publish open GraphQL and REST APIs, called IDs, which can be queried by any third-party developer in the world. As Web3 matures and potentially revolutionizes the present internet, data will be stored and processed on open networks with verifiable integrity. APIS makes querying this data fast, reliable, and secure as the new stack for a radically better Web3 internet.
The APIS platform intends to solve these issues by providing middleware for decentralized querying, indexing, and writing data to multiple blockchains. Bitcoin, Ethereum, Binance Smart Chain, and Solana are currently supported with plans to integrate new projects with help from our team and developer community.
At APIS, there will be several APIS Gateways and Nodes to interact with and query other blockchains. APIS is a software that connects to different blockchain nodes, thereby demonstrating cross-chain interoperability. They will be run independently like Ethereum nodes run on computer hardware, connected through the network, and have a validator similar to Chainlink project. The network is open-sourced, meaning that anyone can build and publish open RESTful APIs, called IDs, which can be queried by any third-party developer in the world. Also, developers are given the capability to add a wrapper around the APIs, for instance, GraphQL.
Furthermore, we can facilitate better data parsing tool sets using REST APIs and not stress the differences in blockchain language and refer to server-side logic. To generate new cross-chain tools on the The APIS network, anybody who wishes to build a new ID is incentivized by the API token reward to contribute to the protocol and build a useful tool for others. If the ID sees traffic, a fraction of the fees will go to the original developer. All in all, The APIS is a breeding ground for innovation and will foster further mainstream adoption.
The APIS platform provides DApps developers with middleware for decentralized querying, indexing, and writing data to multiple blockchains. With our platform, we offer an alternative to centralized solutions that are also plagued by many critical flaws despite their ease and speed.
We are open to answering any of your questions regarding DApp development and how APIS can work for you. Moving forward, we will be updating our channels with informative content, including hands-on tutorials, along with sharing tips and tricks with our community. For example, in the video below, our CEO, Calvin Pak, and CTO, Shain Lafazan, explain how a wallet can easily be created.
Check it out now: https://www.youtube.com/watch?v=iz3TzQTJLbI&t=261s
With the Web3 stack growing, so is the need for a proper toolkit. By reducing the complexities inherent in developing on a blockchain, we hope to empower and inspire more future developers for the greater good of the blockchain galaxy. That’s what we at APIS will offer.
About THE APIS
APIS offers a developer-friendly platform that serves as a turn-key solution for indexing and read/write operations for public blockchains, namely Ethereum and Bitcoin. Open-sourced, developers will create API packages that serve every category of blockchain applications — from DeFi to Oracle to File Storage.
👋 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.
