What are Blockchain Node API Providers? How Do They Work?

December 21 16:55 2022

Understanding the requirement of a blockchain node can be difficult and confusing if one is new in the blockchain development space.

Blockchain APIs provide secure networks and real-time interactions to businesses.

This article explains everything related to blockchain node API providers –

What does a Node mean in Blockchain? 

A node is a moderator that runs on the computer and connects with the other nodes of the blockchain network. It connects with the other nodes for different tasks like valid information and transactions and stores information related to the state of the blockchain.

The collection of all nodes is run by a single individual and not any master server of the blockchain network; thus, it is decentralized.

Without the node, no one can access any data of the blockchain network.One can only interact with the node with the help of API through sending and receiving requests. 

What are Blockchain Node API Providers? 

The blockchain node API providers manage nodes in the background for the user. An API key is deployed to read and write data on the blockchain network. The blockchain node API providers usually provide access to Ethereum Testnet and Mainnet. 

Almost all the blockchain node API providers provide simple integration, a single line of code swapped on the user’s self-hosted node. 

One must understand that no blockchain node API providers hold any private keys or information. 

Four Problems are Faced when the User deploys a Node – 

1. Internet plans charge extra to access extra bandwidth, which is not included in the internet plan. There should be no traffic restriction before deploying any node. If the internet connection is unstable, the blockchain will not synchronize with the node, and a restart will be required. 

2. If the deployment of a node occurs on the business network, it can slow down the regular network traffic.

3. Some known viruses which hijacked the bitcoin blockchain may infect the users computer even after escaping from some antivirus programs. Those viruses mostly take place on computers running Windows.

4. When the user full node is up and running, a third party/hackers will get to know, and they can try to hack the full node. Thus, the user will be responsible if the full node is hacked.

How do Blockchain Node API Providers Work? 

One can install the node themselves, but the issue arises when technical difficulty and lack of experience can complicate the task. 

Thus, here require, the blockchain node API providers resolve all kinds of technical issues and keep the activities of the blockchain infrastructure operational.

Based on the needs of the businesses, the blockchain node API providers deploy resources and necessary technologies required to maintain nodes and infrastructure connected to the blockchain. 

Moreover, the blockchain node API providers can access networks such as Ethereum, Bitcoin, Litecoin, and others. The providers handle the responsibility related to the node. 

Blockchain nodes API company like Zeeve provide blockchain node API to provide speed and security with the support of Testnets and Mainnets.

The cost can differ depending on the services the user is looking for –

1. On-premises holds high cost because of two things – 

  • Initial costs related to hardware, software, consulting, licensing, personnel, etc.
  • Operating costs related to monitoring, management, etc.

2. Cloud offerings hold additional factors related to costing, which are –

  • Number of requests required for a node.
  • Timely update of the node.
  • Stability of the node. 
  • Security of the node.

Four selection criteria for Blockchain Node API Providers –

1. Backend Services – 

The services provided by the blockchain node API providers should be user-friendly and have easy integration with the products.

2. Pricing Support –

While selecting the nodes from the blockchain node API providers, one should consider pricing options, post-deployment support, and terms of service support.

3. Security Guarantee –

The user should look for minor security gaps because one little mistake can cause severe consequences. 

4. Experience in Blockchain Infrastructure – 

The proven track record of the blockchain node API providers in developing and deploying blockchain technologies can help businesses in a better way.

Conclusion –

The only method to ensure complete control of the node is running a blockchain node that acts in accordance with the blockchain laws. The procedure of running a blockchain node is time-consuming, and the problem arises when the blockchain node is handled by some beginner or unfamiliar with running a blockchain node. As issues can arise related to technical difficulty and lack of experience and thus, blockchain node API providers are hired to make things easier. 

Media Contact
Company Name: Zeeve Inc.
Contact Person: Ravi Chamria
Email: Send Email
Address:395 Santa Monica, Pl Unit 308
City: Santa Monica
State: CA 90401
Country: United States
Website: https://www.zeeve.io/