The APIS provides developers with a user-friendly platform that offers a solution for indexing, querying, and writing operations for public blockchains. These public blockchains the APIS currently supports are the Ethereum, Binance Smart Chain, Fantom, and Bitcoin blockchains, as well as numerous Ethereum layer-two solutions. On the APIS protocol, open-source developers create API packages that serve each category of blockchain applications from DeFi to Oracles to NFTs to File Storage.
Historically, cryptocurrencies have been complex to use and understand. A decentralized application developer must set up or connect to a node of multiple blockchains or layer-twos, acquire education on native remote procedure calls (RPCs), maintain databases for popular token addresses and smart contracts on main nets and test nets, write application binary interfaces, and receive frequent smart contract audits.
Developers searching to remake the future of the Web end up spending a colossal amount of time on common chores. With the fast-moving decentralized finance and NFT landscape, the future growth of DAOs and additional Web3 use cases, and the coinciding need for compliance and performant applications, developing in the Web3 space can feel extremely challenging.
The APIS ecosystem allows complex tasks to be completed with only a few API calls. The APIS suite includes tools for both veteran Website 2.0 developers and no-code entrepreneurs to build the future of the internet. The APIS’s goal is to save time and stress so that these developers and entrepreneurs focus on building experience in Dapps that their users will love.
These creators will play a vital role in the growth of the Web 3.0 space. The supply of blockchain-fluent developers can’t keep up with the demand of it as both the space and the knowledge to enter mature together. The cryptocurrency market just joined the $1 trillion club, not including private businesses whose businesses depend highly on blockchain technology.
Nonetheless, common consensus presents us with the information that blockchain-fluent developers are only in thousands worldwide. We know that there are a significant number of developers seeking to enter the public blockchain sphere. These are the people willing to develop, launch and move forward the crypto ecosystem. Our job is to enable them to do so as easily as possible, both in terms of dollar and time costs.
Let’s look at an instance that we’ve been doing this for years just as friends to other developers. A developer desires to create a native token for a swift proof of concept. However, he or she can’t find a smart contract builder that would be willing to help him at a pocket-friendly and reasonable price. He therefore decides to learn to develop the smart contract on his own. However, learning smart contract development sacrifices weeks if not months of time, as the contracts must be as secure as possible. The developer will also need to install a client wallet, retain some cryptocurrency to transfer to the network to pay fees (i.e. Ethereum gas), and program a Solidity or Serpent Blockchain-based smart contract to deploy the token. And finally, they’ll have to use a third-party node linked to a blockchain node through remote procedure calls or, even worse, set up their nodes.
All the aforementioned cumbersome activities, however, can be accomplished by using the APIS with a simple API call. The APIS uses API endpoints that the developers are used to seeing in development from their days in Web 2.0 application development.
The APIS radically smoothens the supply and demand mismatch of the dapp development. The platform is targeting every possible public blockchain use case, with an initial focus on decentralized finance and NFTs, but plans to expand to other burgeoning use cases of pubic blockchain technology. Current examples of our DeFi tools include conducting trades in different exchange platforms, investing in Yearn Vaults, borrowing against pre-defined collateral, and sending payments to family, friends, and even business clients.
The APIS is the read-write protocol for public, global blockchain development.