Alchemy is secretly fixing blockchain’s node nightmare

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United Kingdom Colin Boyd SEO
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Reported today on TechCrunch

For the full article visit: https://techcrunch.com/2019/12/17/alchemy-blockchain/

Alchemy is secretly fixing blockchain's node nightmare

The top cryptocurrency companies have quietly begun to outsource their infrastructure problems to a tiny stealth startup. It's called Alchemy. Today it's making the big public reveal of it's technology that could help developers finally build the killer use case atop Bitcoin or Ethereum.

If the operating system connected computers and software, and if browsers connected HTTP to web apps, Alchemy wants to the bridge enabling the blockchain ecosystem. It's this middle layer that's produced Microsoft, Apple, and Google - some of the most valuable companies in the world.

Alchemy replaces the nodes that businesses use to read and write blockchains with a faster, more scalable decentralized architecture. It also offers tools for analytics, monitoring, alerting, logging, and debugging for cryptocurrency-connected software. The two-year-old startup already powers infrastructure for hundreds of businesses serving over one million customers in 200 countries per week, including big names like Augur, 0x, Cryptokitties, Kyber, and the Opera browser.

"Right now people are trying to build skyscrapers with picks and shovels. We need to give them construction equipment" Alchemy co-founder and CEO Nikil Viswanathan tells me. "None of this exists for blockchain."

Investors are lining up to see that it will. Alchemy revealed to TechCrunch that it secretly raised $15 million through a seed round and now a Series A led by Pantera Capital, and joined by Stanford University, Coinbase, Samsung, SignalFire, plus angels like Charles Schwab, Yahoo founder Jerry Yang, LinkedIn founder Reid Hoffman, Google chairman John Hennessy, and more.

"For any new technology, developer infrastructure and tools are required



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