Amongst the many crypto-friendly and impactful products and services LYOPAY provides in its ecosystem, one of these includes LYONODE.
Let’s talk about what a node generally is in a blockchain first.
In blockchain technology, sets of data containing transactions’ information makes a block, and in order to store the information as blocks, the blockchain needs to distribute that information to a series of connected devices. Each of these devices is called a node.
Nodes are imperative for the blockchain technology to function, as all these associated nodes communicate with each other, transferring transaction information that help create new blocks on the blockchain.
- LYONODE acts as a service provider to connect crypto nodes that you require in order to carry out the blockchain technology as a whole, just by using API key.
- LYONODE supports 50+ blockchain networks, with synchronization of about 99.9% success rate.
- With LYONODE, you can now easily skip to the creation of the wallets, reducing the overall maintenance costs by up to 85%.
What Is LYONODE and How It Helps?
LYONODE was created for a node-as-a-service purpose. LYONODE acts as a service provider to connect crypto nodes that you require in order to carry out the blockchain technology as a whole, just by using API key.
The LYONODE team will help you set up and maintain the node infrastructure for each blockchain, along with providing you with two crucial elements: Node for wallet generation, and node status check-up and maintenance.
LYONODE can be used by crypto exchanges, payment applications, and other platforms or companies that want to create an infinite number of crypto wallets for their audience.
How Does LYONODE Work?
In order to create digital wallets for users, every blockchain has its own specific nodes that can help generate these wallets. For instance, in order to generate a Bitcoin wallet, a Bitcoin blockchain node is required, and for an Ethereum wallet to be created, an Ethereum blockchain node is required.
But the question remains – where do these nodes come from and how are they created?
To answer that, nodes are created from scratch by a team of developers. Not just this, the team is also responsible for the 24/7 maintenance checks to make sure that all the created wallets are operative and synchronized with the blockchain to process transactions and save their history.
LYONODE as a Service
LYONODE can be used for ‘ready-to-use node’ as a service for companies that seek to create multiple wallets on-demand. This means that companies can cut through the process of building a team of developers and doing continuous maintenance checks.
With LYONODE, you can now easily skip to the creation of the wallets, reducing the overall maintenance costs by up to 85%.
LYONODE supports 50+ blockchain networks, providing BTC and many altcoins to final clients. Moreover, LYONODE’s synchronization has a proven track record of the node successfully connecting 99.9% of the time.
Get your crypto API for instant access to 40+ blockchain networks including BTC, ETH, and BSC which is over 1000 coins and tokens.
How to get an API key
To use the LYONODE API:
- Contact firstname.lastname@example.org
- Receive an API key via email
To switch to a paid account, contact customer service at the email: email@example.com
For more information, visit https://lyonodes.io/ and read through the details at https://docs.lyonodes.io/introduction/what-is-lyonode