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API3 presents a novel decentralized platform designed to facilitate API services for web3 infrastructure, delivering data streams in a distributed format. Unlike traditional internet APIs, which rely on centralized hosting, API3 enables data to be accessed through smart contracts from various providers, enhancing the reliability and accessibility of the data.
What Features Does API3 Provide?
API3 empowers APIs to directly transmit data to blockchain applications, eliminating the need for intermediary services. The platform features a native governance token that users can stake for rewards while also serving as collateral to ensure data security.
How Does API3 Facilitate Off-Chain Data Transfer?
API3 simplifies the process of obtaining off-chain data by generating decentralized APIs (dAPIs). This innovation eliminates the traditional gatekeeping model, allowing developers to access data without relying on proprietary technologies.
Through unique oracle nodes operated by API providers, API3 differentiates itself from typical third-party services. This method fosters direct connections and greater control over data sources, utilizing Airnode technology to convert APIs into dAPIs via Ethereum smart contracts.
– API3 Coin is available on Binance, a leading cryptocurrency exchange.
– Users can trade API3 Coin in several pairs, including API3/BTC and API3/USDT.
– To buy API3, create an account on Binance, deposit funds, and place an order through the trading interface.
Acquiring API3 Coin involves joining Binance, transferring funds, and then executing a purchase through available trading pairs. This streamlined approach provides users with direct access to essential off-chain data for their blockchain applications.