As more and more businesses are transitioning their financial operations to the blockchain, decentralized networks are becoming overwhelmed with the volume of transactions on-chain. The public blockchain network operates through a public peer-to-peer distributed ledger, which enables data and transactions to be stored globally on thousands of public servers.
Running and maintaining a node for a public blockchain network is time-consuming, expensive, and resource-intensive. Nodes are often upgraded routinely, sometimes weeks apart, and require either a complete node rebuild or a client upgrade. Further, the majority of public networks are only a few years old, and blockchain nodes are relatively new, thus they were not created with efficiency in mind.
Nodes are fundamental to a blockchain’s resiliency. Blockchains cannot function properly without nodes, and without a robust network of nodes, a decentralized network is at risk. A node may frequently time out and crash when doing certain blockchain transactions that require analyzing millions of transactions and blocks. Because of this, developers must closely monitor the health and uptime of these nodes. Nodes occasionally lag behind the network for a variety of reasons, including peering, internal state issues, and soft-forking on outdated branches. If these problems arise, they will have an effect on users, and businesses are oftentimes left supplying stale and obsolete data without weighing the consequences for user experience.
Even if node management is difficult to maintain and requires a significant amount of developer and hosting resources, these issues can be easily fixed by adopting a SaaS model. In order for the client to focus purely on their own product and customer experience, a SaaS product that addresses the complexity of node operations and maintenance can free up resources for developers and reduce expenses.
Introducing Chain Cloud
In order to unlock the full capabilities of public blockchain networks and smart contracts on an infrastructure level, Chain released Chain Cloud. With access to over 18 EVM-compatible blockchain networks and the ability to launch nodes in minutes, developers can begin to focus on their applications and users, while dedicating fewer resources towards maintaining the nodes running their applications. While businesses are making the switch to Web3, developers also need to be equipped with the tools necessary to scale their team’s projects without spending hours maintaining node infrastructure.
Self-Regulating Software for Developers
In order to implement Chain’s mission to spread the widespread use of blockchain technology, Chain Cloud empowers the community of developers to build on several public blockchain networks with its free Standard RPC API. Chain Cloud’s Standard RPC API is intended to provide the community with free access to a number of public blockchain networks. This service provides developers with quick, dependable API endpoints so they can build on already-existing public blockchains.
The RPC layer of Chain Cloud is based on a globally dispersed network of nodes and participants, resulting in a completely decentralized RPC API with a fail-safe architecture. The underlying technology runs on several nodes spread across various data centers and household networks.
The protocol makes use of an internet monitoring system to guarantee the architecture's scalability and high availability. By doing this, it is ensured that every RPC API endpoint is always in sync with the underlying nodes. Chain Protocol routes network traffic to give developers access to the fastest and most efficient routes.
Cloud Dashboard and Marketplace
Clients that operate on the Chain Protocol can deploy their nodes in any supported region globally through Chain Cloud’s interactive dashboard. Chain Cloud utilizes multiple cloud platforms and bare metal providers across many geographic regions and networks. Nodes are constantly monitored through comprehensive tools, and can be viewed directly on the Cloud Dashboard. These data points and metrics are measured so that clients can view bandwidth, memory, disk space, and CPU load on-demand.
These real-time alerting modules enable the platform to scale as needed to avoid mistakes before they happen, including block heights, and to guarantee that nodes are always in sync with the public networks.
UI of Chain Cloud’s Marketplace
To execute enterprise services or connect to the Chain Protocol, Chain Cloud nodes are exclusively the client's property. Clients benefit from a dedicated node without the hassle of managing a server. Each node has its own set of authentication keys and distinct addresses.
When protocol updates are developed and implemented, the updates show no disruption visible to the customer. Maintenance or upgrades to client nodes is automated based on node monitoring to constantly uphold the highest standards of network health, which is readily available with monitoring reports.
Transitioning Legacy Systems to a Private Blockchain Network
Chain Cloud has a variety of solutions for traditional enterprises who wish to adopt blockchain technology into their daily operations. Chain Cloud offers Enterprise Nodes, which are dedicated nodes that are deployed through the marketplace, and are not connected to any external protocol, nor do they require staked assets. These nodes are designed to grant access to the sole developers for the individual project(s).
Developers can build robust and scalable Web3 and blockchain applications to run their product without any DevOps present. Enterprise nodes can also be used to stake and delegate native tokens in their respective networks.
For developers seeking private and secure endpoints that offer low latency, Chain Cloud’s Premium RPC API gives access to a wide range of services that provide developers with an ultra-fast, secure and private network to build on. To learn more about the advanced API endpoints and real-time analytics provided by Chain Cloud Premium, visit docs.chain.com/docs/cloud/ for detailed documentation.
Chain is a blockchain infrastructure solution company that has been on a mission to enable a smarter and more connected economy since 2014. Chain offers builders in the Web3 industry services that help streamline the process of developing, and maintaining their blockchain infrastructures. Chain implements a SaaS model for its products that addresses the complexities of overall blockchain management. Chain offers a variety of products such as Ledger, Cloud, and NFTs as a service. Companies who choose to utilize Chain’s services will be able to free up resources for developers and cut costs so that clients can focus on their own products and customer experience. Learn more: https://chain.com.
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