in

Bware Labs Launches MVP of High Performance Decentralized Node Network

Bware Labs Launches MVP of High Performance Decentralized Node Network


June 14, 2021 – Bucharest, Romania


Bware Labs, a startup developing a decentralized API platform that aligns incentives between end users and node providers, has released the MVP – or functional prototype – of their platform to the public. Users can now set up a dedicated node endpoint with just four clicks, obtaining access to blockchain data through RPC or WSS APIs.

As part of this release, the end user will be able to connect to the app through a MetaMask wallet and generate dedicated endpoints allowing them to interact with Avalanche, Binance Smart Chain or Ethereum mainnets, all in just four clicks and less than 30 seconds. Although free to use, a maximum of three endpoints (one Avalanche, one BSC and one Ethereum ) can be generated for each MetaMask wallet.

In the MVP release, nodes are provided by Bware Labs to ensure smooth user onboarding and established performance standards. Once the platform reaches maturity, Bware Labs aims to create a two-sided market of node providers and consumers, creating a decentralized alternative to Infura or Alchemy. While requests are currently limited to 25 per second, Bware boasts half the latency of equivalent free plans by competitors and offers a choice from more supported blockchains.

In order to guarantee reliability in the Bware Labs ecosystem, node providers will be asked to stake native tokens, which will be susceptible to slashing, if the node underperforms. To reach the required stake, node providers will have the option to accept delegations and share reward fees with delegators – the only decentralized API platform to do so. Node users will pay the operators with a subscription model delivered through the MetaMask wallet. This realigns incentives between node operators, who are often conducting an altruistic task at no gain, with the node data users who are unwilling to host their own infrastructure.

Flavian Manea, co-founder and CEO of Bware Labs, said,

“Running blockchain nodes is critical to ensure the security of the network, but without a proper incentive structure in place, especially in the PoW-based Ethereum, centralization occurs naturally as only major ecosystem players are able to devote resources for hosting nodes.”

Nicholas Mussallem, head of product at Ava Labs, said,

“As an advisor of Bware Labs, I am very pleased with the progress the team is making towards releasing a fully decentralized API platform. But more importantly, I am very eager for the Avalanche ecosystem to have this easy-to-use and extremely convenient option of gaining access to blockchain data. I truly believe this will streamline development efforts on various blockchains, which ultimately will lead to increased adoption.”

About Bware

Bware Labs provides an interface between blockchain APIs, consumers and node providers, with integrated payment options and verified reliability all embedded within our platform and protocol service. The Bware Labs team boasts a rich experience in blockchain and tech companies, including Ankr, Intel, Fitbit, Google and Ericsson.

Contact

Anca Chirila, COO of Bware Labs

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

China's Yunnan Province To Inspect Bitcoin Mining Operations As Rumors Of Ban Swirl

China’s Yunnan Province To Inspect Bitcoin Mining Operations As Rumors Of Ban Swirl

South Africa to Rethink Its National Policy Regarding Cryptocurrency | CryptoGazette

South Africa to Rethink Its National Policy Regarding Cryptocurrency | CryptoGazette