Some examples of DeFi solutions include lending and borrowing services, token swaps, trading, payments, and crowd-funding services. Some examples of GameFi solutions include virtual worlds, the metaverse, and play-to-earn (P2E) gaming. There is a lot of invention and disruption taking place in the Ethereum ecosystem. Ethereum is home to lots of cutting-edge development and innovation that often paves the way for Web3 development as a whole — Ethereum was the first platform to host smart contracts, dApps, NFTs, and more.

Ethereum is supported by individual nodes that make up a peer-to-peer network protocol and database. Apart from maintaining a database of transactions like other blockchains that came before it, Ethereum is responsible for the innovation of smart contracts and programmability. Ethereum is home to the world’s very first dApps.

The runtime environment for smart contracts in Ethereum is called the Ethereum Virtual Machine (EVM). Every Ethereum node runs a copy of the EVM in order to maintain consensus across the blockchain. Everyone on the Ethereum network must agree on the state of the EVM because a copy of the state has to be kept with each individual node.

All dApps that are built on the Ethereum network share a pool of computing power, which has led to strain on the efficiency and affordability of the network as the popularity and success of the network has skyrocketed. The Ethereum developer community has recently been largely focused on implementing various scaling solutions to increase the throughput and usability of the Ethereum network. One popular example of an Ethereum scaling solution are Layer-2 (L2) networks which operate on top of the base layer Ethereum protocol — processing transactions more quickly and cheaply and only periodically syncing up with the Layer 1 as necessary for security. This is just one example of how Ethereum developers are constantly working to improve and develop the network to facilitate its continued growth and adoption.

01.Get started immediately

Setting up a full developer node on Ethereum entails a lengthy process of initially syncing with the network for the first time. As a developer using Ankr’s RPC endpoints, you can bypass this several-day process.

02.Reliable connections

Ankr’s public RPC for Ethereum uses a backbone of globally distributed underlying nodes and an intelligent load-balancer to efficiently distribute traffic amongst them for the fastest, most efficient connections possible.

03.Ecosystem growth

Ankr’s RPC helps to speed up the growth of the Ethereum ecosystem globally by catalyzing and facilitating easy, efficient dApp development.

04.Focus on development

Without the need to set up their own Ethereum node, developers can save a lot of time that would have been spent building, calibrating, and fixing issues with nodes.

05.Flexible scaling for builders

The Ankr RPC gives developers the chance to expand and scale their infrastructure. The nodes serving Ankr’s Ethereum RPC are enterprise-grade nodes capable of handling much more traffic than at-home setups.

APIs, or Application Programming Interfaces, can be described as means of communication between one application and another over a shared network, thereby eliminating the need to build special connection tools.

APIs, or Application Programming Interfaces, can be described as means of communication between one application and another over a shared network, thereby eliminating the need to build special connection tools.

A very good use-case of APIs in blockchain is displaying price feeds of different cryptocurrencies. Price data is obtained from various data sources and calls have to be made to those sources to fetch the data, which is usually done via APIs. Some data sources might even rely on other data sources to update their data, which also entails the usage of APIs. But requesting data isn’t the only thing that can be done with APIs on the blockchain. For example, APIs can also be used with certain trading systems to execute sets of instructions automatically.

Ankr’s Advanced APIs are specialized APIs that developers can use to make all kinds of useful data queries in the development of their dApps.

These APIs were born out of the need for advanced functionality as requested by Ankr’s builder community to help ease development. These Advanced APIs are a collection of RPC methods created to simplify querying blockchain data. Searching for data across blockchains is hard, which is why Ankr did the heavy lifting so that developers can query on-chain data in a fast and straightforward way.

If you have used different blockchain explorers like EtherScan or BscScan, you may have experienced the difficulty and hassle of switching between respective block explorers.

To address this challenge, we devised AnkrScan as a solution to have multichain access from a single block explorer complete with functionalities such as analytics, search, and APIs. Imagine not having to visit multiple different block explorers on different chains to view transactions, contracts, or other on-chain data. With AnkrScan, you can query information across multiple chains simultaneously.

AnkrScan is currently being improved with additional types of search parameters that enable developers to make use of indexing tools instead of searching through all transactions.

For example, one of these indexing tools entails returning all transactions for a single block rather than searching for individual transactions. This way, the process of identifying transactions across blocks is faster because the complexity and quantity of data are reduced.