Transformative Technology Behind Blockchain By CoinQuora

Welcoming API’s Into Decentralized Web3

Several occasions call for a blockchain-based smart contract consisting of data updates only fulfilled by a web API request. For instance, when the smart contract needs to examine the latest price of a given stock ticker or access on-chain activities incidentally on the weather at a certain period. The universality of APIs paves the way for countless useful features available for the task at hand.

However, integrating them into Web3 applications is an uphill task. The API3 Alliance has made a significant impact in introducing an industry-standard solution to welcome APIs to Web3 applications. API3 offers a modest-vendor standard gateway to apply over existing APIs that help attract decentralized apps. The vendor-neutral API Alliance is an abode of several APIs spanning across industries and gaining momentum.