JSON-RPC: API to leverage blockchain data
Usually starting in a single network, chances are you will soon need to deploy newly developed code to a testnet first before it can be approved for the respective mainnet, or you want to investigate certain block states for some in-depth data science to make better decisions, e.g. a Historical Ethereum Gas Price Analysis. Furthermore, your customers could demand insights into the performance of their digital assets and the status of their transactions or the network your business is built on gets sharded into several interoperable yet independently operated main and side chains.
Additional benefits of blockchain RPC as Software-as-a-Service
If not for multi-chain JSON-RPC API access supporting a wide range of protocols and providing both up-to-date as well as historical data for all the relevant networks, you would quickly need to run a whole arsenal of nodes. Most of which would need to sync and permanently store multiple giga- up to a few terabytes of data. We believe that as a blockchain service provider or data professional instead of wasting time with maintenance, you should be able to focus on your core competencies and let an infrastructure provider like Anyblock Analytics, Alchemy, Infura, or Quiknode make sure your operations work as smoothly as possible. In this regard, JSON-RPC API access is an attractive offer because by being run on several load-balanced nodes it not only is faster and more reliable than a single self-hosted machine but by being deeply embedded in the provider’s infrastructure stack it also can provide additional value. Some of these benefits are the indexing and enrichment of data through the interpretation of blockchain ABIs, translation of hashed information in a human-legible form, availability of historical block states that light and full nodes do not store by the operation of complementary archive nodes as well as the support of various clients like Go Ethereum (Geth), OpenEthereum (formerly Parity), Nethermind and Hyperledger Besu. Particularly the last aspect is often overlooked, even though it significantly improves the resilience of the operations, as became apparent just recently after the Ethereum “Berlin” hard fork. We at Anyblock Analytics offer you JSON-RPC API access to 20+ main and testnets with all the features described above and the freedom to choose from three pricing plans, to tailor our services exactly to your needs while keeping costs low.
Node-as-a-Service: enterprise-grade hosting and operations management
Unlike the use cases described in the JSON-RPC section, it is indeed necessary to run dedicated nodes for the cases listed above, but again there is no need to bother yourself with self-hosting. In fact, there are good reasons why to outsource the operations to a service provider. First of all, your accounting and compliance departments may be reluctant or raise concerns about the new-to-them handling of cryptocurrencies and the not-yet-finally-defined DLT regulations. Especially concerning blockchain-specific mechanisms such as token-based validator compensations in Proof-of-Stake (PoS) protocols. Furthermore, particularly for companies from traditional industries whose IT departments are not yet familiar with blockchain node operations, there is the risk that their services will become unreliable due to unexpected system failures and consequently they will be financially penalized by the networks for technical misbehavior and avoidable downtime. The so-called slashing of the token stake, which must be deposited as collateral. Fortunately, this can be prevented by working with specialized hosting providers, as they will help you understand the subtleties of blockchain operations and how to deal with cryptocurrency transactions. Their experienced DevOps teams will proficiently provision your nodes, immediately intervene in the event of technical difficulties and the SLA will guarantee you the availability of support and the infrastructure running your services. If you choose a European provider, you will also benefit from data processing that complies with the GDPR. In the case of Anyblock Analytics, we additionally offer you seamless integration with the services of our partner Tangany, which provides white-label blockchain custody supervised by the German Federal Financial Supervisory Authority (BaFin) to dispel any last doubt of your accounting and compliance departments. On top of that, you get continuous monitoring of your nodes and the capability to visualize the metrics e.g. on the professional analytics platform Grafana. Finally, we prepared various automated alerting options for you to choose from but also give you the freedom to define your own. To make sure you will never miss critical events like when your account balance falls below a threshold that ensures your service remains functional in the face of high transaction fees (“gas prices”).
Comparing self-hosted node vs. JSON-RPC API vs. Node-as-a-Service
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