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Chainstack Launches Solution ‘Empowering’ Developers to ‘to Unlock the Next Level’ of Web3

US and Singapore-based Chainstack, the leading suite of services connecting developers with Web3 infrastructure, has launched a new Web3 infrastructure solution built to provide enhanced performance, reliability and flexibility for developers.

With this launch of the new ‘Global Elastic Nodes’, Chainstack hopes to strengthen its platform and build a more complete environment enabling developers to build on Web3. The load-balancing solution routes API requests to the nearest location to maximise responsiveness and reliability while achieving up to 99.95 per cent availability for the service.

The load-balancer can switch between nodes or geographical locations if these are under stress, fail, or experience a lag, to ensure developers can deliver powerful user experiences with fewer disruptions. Applications benefit from improved overall performance, decreased disconnection rates, and the lowest-possible latency regardless of the user’s location.

For a trader connected to a trading platform and the node located in New York, while the trader is based in Oregon, there could traditionally be a delay in executing trades due to substantial latency. Global Elastic Nodes mean developers for the trading platform can ensure users instant trading by routing the connection to the nearest location in Oregon or the closest area, eliminating lag in the application.

With this launch, developers have greater freedom to easily choose between the Regional service, where they can deploy one to several nodes per region to serve a specific area, or the Global service, where the load-balancer can automatically switch between nodes or geographical locations to serve worldwide or multi-regional operations.

Global Elastic Nodes will initially launch with support for Ethereum – with the remaining protocols on the platform set to slowly roll out after.

‘Empowering developers with unprecedented reliability to build on Web3’

As a part of the Global Elastic Nodes launch, Chainstack is also introducing the Request Units (RU) in its billing, a new optimised pricing structure that offers one, unified quota developers will ever need. With the introduction of RU in billing, Chainstack offers a cost-effective approach by billing based on Request Units rather than individual requests, the simplest pricing structure across all of Web3.

Chainstack explained that it aims to be the only provider in the market offering every method, and API call at the same flat rate ensuring developers have guaranteed transparency and predictable billing.

Eugene Aseev
Eugene Aseev, founder and CTO at Chainstack

Eugene Aseev, founder and CTO at Chainstack, said: “The launch of our Global Elastic Nodes marks a significant leap forward in empowering developers with unprecedented reliability to build on Web3.

“With Global Elastic Nodes, developers can expect an industry-leading performance that’ll enable them to unlock the next level in decentralised applications development. We’ve worked to provide a state-of-art solution, and optimised our pricing to make sure the community can harness its full advantages moving forward.”

Chainstack’s quota covers archive, full, global and regional services, as well as subgraphs, enabling customers to make informed decisions about their usage. The RU in billing provide developers with updated pricing for extra usage and combines the quota for Archive and Full node requests, which will also include the subgraphs service.

Author

  • Tom joined The Fintech Times in 2022 as part of the operations team; later joining the editorial team as a journalist.

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