Alchemy aims to transform blockchain development with new tools

While it may have been a long-standing joke in the developer community that errors can become a function through simple documentation, the fact remains that blockchain implementation is often business-critical. Whether at the protocol level within an authoritative business solution, in a public chain, or within an application that processes financial transactions, reliability is not optional.

And when DeFi increases, The importance of identifying systemic vulnerabilities in code has never been so clear.

Some blockchain companies offer white hat hackers who are looking for errors and vulnerabilities in their code significant error rewards;; Some delays occur for months as their developers track down possible attack methods and weaknesses. Some will use Alchemy Build in the future, a developer toolkit that can save time, money, and uncertainty when building blockchain applications.

Alchemy aims to transform blockchain development with new tools
Alchemy aims to transform blockchain development with new tools

“For the Ethereum ecosystem to thrive, developers need to spend less time fixing the same problems over and over again, and more time developing products that add value to end users. With Alchemy Build, hundreds of teams can focus on building great blockchain products and power the ecosystem months or years later. “said Joey Krug, co-founder of Augur and co-CIO of Pantera Capital.

The Ethereum goes beyond the mainstream

According to Nikchem Viswanathan of Alchemy, internal research has shown that blockchain engineers spend up to twelve hours a week on debugging-related jobs, customer problems, and startup cycles – work that is not only tedious and expensive, but it also drives creative minds Developer. of building solutions. It is a situation that Viswanathan describes as unsustainable in the long term.

Blockchain development is “like asking someone to build a skyscraper with a shovel and hammer”, explained. “We want it to be fundamentally easier to get the job done.”

“Web 2.0 has industry-standard tools like DataDog that accelerate prototyping and debugging,” added Paul Veradittakit from Pantera. “However, in the blockchain industry, people are still working on basic tasks like hexadecimal decoding instead of being able to focus on building the next breakthrough application.”

Mike Garland, Alchemy’s product manager, described the current situation as a “frustrating process full of complicated investigations and tribal knowledge”. He said that debugging on Ethereum “regardless of whether it’s an unrelated problem, a solidity bug, or otherwise, this kind of bad debugging experience can prevent large developers from adopting new technologies, we hope help them fix with Alchemy Build. “

Deliver products, not just ideas

As the Alchemy team estimates that 70% of key blockchain applications use their development tools, This could mean a big step forward for application developers in terms of quality and time to market.

The toolkit is claimed Build requires “no code, no configuration” and “works immediately,” said an Alchemy spokesman.

Tools include Researchers, that identifies errors and optimization options by searching for historical inquiries; Mempool Visualizer, This allows the developer to see the status of the transaction live in the chain. Composer, for prototyping and modeling; and Debug Toolkit, which includes a real-time query viewer.

At ShapeShift, the head of research and development, Kent Barton, found that ” When introducing Microtick, a new product in our own blockchain, it is crucial that we focus on the right areas. Alchemy Build helps us to maintain this focus thanks to extensive tools that simplify the construction and the presumption when building the Web3 infrastructure. “

Sid Sethi, Founding engineer of Audius said that “Alchemy Build has been instrumental in helping us scale over 200,000 listeners every month. Your suite of development tools saved us countless sleepless nights from debugging and fighting fires last year. “

Alchemy’s blockchain developer platform is currently used by a variety of native crypto applications, including Binance Wallet, CryptoKitties, OpenSea, Gods Unchained, and the Opera browser. and DeFi players like Maker, Kyber and 0x. His team comes from Goliaths in the technology industry such as Facebook, Google and Microsoft as well as from academies like MIT and Stanford.

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