API3 & Its Role In The Web 3.0 | Why API3 Is A Chosen Crypto! DCG Crypto & ALBT Partner
Let's talk about API3 & Its Role In The Web 3.0 | Also Why I think API3 Is A Chosen Crypto! This blockchain is the biggest competitor to Chainlink (LINK) as they both offer off-chain data through oracles. I think API3 is newer and much more advanced and fit for the internet 3.0. API3 is a part of the DCG or Digital Currency Group which has Grayscale as a subsidiary and invested in ripple, circle, and API3.
API3 is partnered with ALBT or AllianceBlock
"API3 is a fully open source, decentrally governed project that bridges the two worlds of Web 2.0 (the internet) and Web 3.0 (the blockchain). It does this by providing connectivity between web APIs and blockchain-based applications using an open source Web3-API gateway middleware called Airnode." -Businesswire
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Why APi3 is unique according to the CoinMarketCap website!
"In the world of blockchain and crypto, we all too often hear about projects that are aiming to bring this technology to established industries such as real estate and finance. One of the most compelling attributes of API3 is how it’s aiming to fix some of the problems that have emerged within the blockchain space itself.
APIs are crucial because of how they supply blockchains with off-chain data — without it, these decentralized ledgers wouldn’t have a clue about how much coins should be worth.
In setting out why API3 is unique, Vanttinen explained how decentralized APIs can “provide superior data transparency all the way to the factual data source level, compared to existing decentralized oracles, which do not consider the data source API to be within the scope of their solution.” - (Coinmarketcap)
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