Tencent Cloud Launches Web3-Ready Solution in Collaboration with Ankr September 12, 2023 September 12, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 12, 2023 by Kelly Cromley

Tencent Cloud Launches Web3-Ready Solution in Collaboration with Ankr

Tencent Cloud Unveils Groundbreaking Web3 Solution

Tencent Cloud, the cloud division of global tech giant Tencent, has introduced its first-ever Web3-native offering, Tencent Cloud Blockchain RPC, developed in partnership with Ankr. This innovative release seeks to provide robust Web3 infrastructure and developer services for Web3 creators. By introducing Blockchain RPC, Tencent Cloud aims to offer a swift and resilient blockchain node infrastructure solution, enabling developers to remain at the forefront of the rapidly evolving Web3 landscape.

Enhanced Developer Capabilities

Tencent Cloud’s newly launched RPC service empowers developers to conveniently access data and execute transactions on a range of blockchains. Developed in collaboration with blockchain service provider Ankr, it guarantees a high level of stability for the underlying node infrastructure. Through Tencent Cloud Blockchain RPC, developers can interact with blockchain networks with minimal latency, allowing them to focus on creating decentralized applications.

Overcoming Node Challenges

In addition to simplifying blockchain access, Tencent Cloud Blockchain RPC addresses the limitations and complexities associated with building individual nodes. These challenges often include high operational costs, resource-intensive deployment, maintenance, and the need for rapid updates as per blockchain requirements. Moreover, the service tackles issues related to node stability and availability, mitigating risks such as hardware failures, network disruptions, and malicious attacks that could impact application performance. It also offers a solution for elastic scaling, enabling nodes to adapt flexibly during periods of high concurrency and peak requests.

Commitment to the Web3 Community

Poshu Yeung, Senior Vice President of Tencent Cloud International, expressed the company’s commitment to the global Web3 community through this groundbreaking product launch. He emphasized Tencent Cloud’s dedication to empowering developers and supporting the growth of decentralized applications, promising to evolve continuously to meet market demands and offer top-notch Web3-related features and services.

Partnership and Innovation

Stanley Wu, Co-Founder and CTO of Ankr, hailed the partnership with Tencent Cloud as a pivotal moment for both entities. He highlighted how this collaboration bridges the decentralized internet with the broader web ecosystem, facilitating accelerated development in blockchain applications for emerging Web3 initiatives and established enterprises. The partnership opens doors for further collaboration and innovation in the blockchain space.

Flexible Service Tiers

Tencent Cloud Blockchain RPC offers three distinct service tiers:

Public: A free blockchain interaction tier with predefined features and rate limits.

Premium: A Pay-as-you-Go tier with enhanced request throughput and rate limits.

Enterprise-Exclusive: Catering to larger organizations, covering a broader range of blockchains and global regions, with plans to expand further.

The service will gradually integrate additional supported blockchains and advanced API services into both the public and premium tiers.

Market-Leading Performance

Tencent Cloud Blockchain RPC boasts remarkable performance capabilities, supporting a regular request volume of up to 1,800 requests per second per chain, thanks to Ankr’s extensive node expertise. Leveraging over a decade of cloud service experience, Tencent Cloud guarantees high disaster tolerance, availability, and ultra-low latency RPC services. With a main interface latency of less than 5ms via Tencent Cloud Performance Services, the product delivers ultra-fast performance. Its distributed architecture and efficient load balancing enhance service stability and availability, reducing the risk of single-point failures and bolstering resilience.

Transparent Billing and Support

The product offers transparent and straightforward billing based on the number of requests, with no additional fees for Archive Node requests. Tencent Cloud Blockchain RPC allows developers to concentrate on application development, eliminating the complexities of building, maintaining, and upgrading nodes for various blockchain setups. It also provides round-the-clock enterprise-level technical support, with dedicated personnel offering exclusive services.

Global Availability

Tencent Cloud’s Web3 product is now available in the Hong Kong and Singapore availability zones, serving customers worldwide. Currently, it offers high-performing blockchain interaction capabilities for three prominent blockchains: Ethereum Mainnet, BNB Smart Chain, and Polygon PoS, with plans to incorporate additional Layer-1 and Layer-2 roll-up blockchains. Coupled with Tencent Cloud’s user engagement tools, security products, and cloud infrastructure, Tencent Cloud Blockchain RPC aims to empower developers and projects, accelerating the development of Web3 innovations.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.