Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.
The partnership will allow developers to create Web3 projects on Astar through Alchemy’s flagship API.
- Alchemy integrates with Astar, parachain of Polkadot.
- Desarrolladores en Astar podrán aprovechar la API aPI stands for Application Programming Interface. It is a set of routines, protocols, and tools for building software applications. APIs specify how software components should interact, such as what data to use and what actions should be taken. de Alchemy.
- The ‘Build2Earn’ feature will motivate developers with rewards.
The developer of Web3, Alchemy is expanding into the ecosystem of Polkadot by integrating Astar Network a network refers to all nodes in the operation of a blockchain at any given moment in time. a secondary chain, also called parachain parachains are application-specific data structures that run in parallel to each other within Polkadot. of Polkadot .
Alchemy y Astar a bridge that connects several blockchains such as Ethereum a decentralized open-source blockchain with smart contracts functionality. y Cosmos with the ecosystem of Polkadot announced the association on Wednesday in a communiqué .
The integration will allow developers to create Web3 projects through Astar taking advantage of the flagship offer of Alchemy call SuperNode an API (application programming interface) that facilitates the creation of decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. applications (dApps). . Developers will also be able to take advantage of features that were previously unavailable in Polkadot according to the announcement.
Excited to announce a new partnership with @AstarNetwork ! ????
This is our first step into the @Polkadot party ????
A short????on why we’re amped and how to start building ???? pic.twitter.com/Hlz9xYKhlu
— Alchemy | The web3 developer platform a place to buy, sell and store cryptocurrency (@AlchemyPlatform) August 3, 2022
“ Supporting the developer ecosystem is one of Astar’s core values and our collaboration with Alchemy will help bring even more incentive and innovation to the community. “said Sota Watanabe, founder and CEO of Astar in the statement.
Our collaboration will provide the resources needed to grow the Web3 developer community in Astar, Polkadot and beyond.
Astar is a smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. service that allows you to build dApps on the virtual machine of the Ethereum (EVM) and use cross-consensus messaging (XCM) from Polkadot . También ofrece interoperability blockchain interoperability, or cross-chain interoperability, is the ability to see and share information across multiple blockchains. with other parachains of Polkadot y a loja dApps as ArthSwap, Starlay Finance, AstridDAO, Algem, Sirius Finance y Zenlink as notes The Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. .
For its part, Alchemy is a node the most basic unit of blockchain infrastructure that stores data. infrastructure provider Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. which offers its API service in Ethereum , Polygon y Solana . Your SuperNode allows nodes to load large amounts of information, optimizing data analysis and, consequently, improving the scalability of the networks. According to The Block this product is used by popular platforms in Ethereum like 0x, Aave, dYdX , OpenSea y Nifty Gateway para necesidades de escalado.
Alchemy is integrated with Astar
According to Decrypt the partnership with Alchemy will also incorporate “ Build2Earn “ an initiative of staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. the dApp decentralized application, digital application that runs on a blockchain network and does not rely on a single computer. DApps are free from the control and interference of a central authority. the Astar which allows users to vote for their favorite applications from with the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. native, ASTR.
This model assumes that a portion of the rewards from each block are split between developers and participants who vote for dApps, creating a strong incentive for developers to get paid for their work, as that outlet points out.
“The idea is to distribute base revenue to developers based on their performance from blockchain rewards,” he told Decrypt Astar’s CMO, Valeria Kholostenko, who described the feature as ” only “because it allows the dApp programmers in Astar “ earn tokens while making smart contracts “.
The product manager of Alchemy Mike Garland, added in an interview with CoinDesk that the integration will further encourage developers to build applications on top of the protocol. ” Participating and helping to drive that ecosystem with our product will also be a great help, I think. “, he said about the association in general.
The news comes in the midst of a series of efforts to Alchemy to expand its Web3 development platform. In February, the company raised $200 million, which at the time raised its valuation from $10.2 billion. More recently, Alchemy announced its expansion into Solana and launched a $25 million grant initiative for Web3 startups.
- Polkadot to take on new system of governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. in pursuit of greater decentralization the handover of control from a central authority to several different custodians.
- Polkadot goes multi-chain after launching XCM, “cross-consensus messaging” system
- Stanford University, Coinbase is an American company that operates a cryptocurrency exchange platform. and Samsung Invest investing is when you put money in a financial scheme with the intent of making a gain. in Alchemy, the “Microsoft” of Blockchain
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva