Alchemy

Alchemy is under everyone's spotlight after it got valued above $10 billion, but what is Alchemy , and how a startup which was founded in 2017 hit a $10 billion+ evaluation in just matter of time.

NIKIL VISWANATHAN and JOE LAU.webp 📷 Image credit: Co-founders Joe Lau and Nikil Viswanathan Nikil / Alchemy

Alchemy is not any ordinary startup. It was founded by NIKIL VISWANATHAN (CEO) and JOE LAU (co-founder) in 2017. It is a blockchain developer platform which provides software developing tools for developers. It's main aim is to provide ease for developers and remove complexity and costs of building products while improving applications through "necessary" developers tools.

Alchemy wants to do same for blockchain what AWS (Amazon Web Services) is doing for internet. It provides the leading blockchain development platform powering millions of users in 197 countries worldwide. It's mission is to provide developers with the fundamental building blocks they need to create the future of technology.

Developers building DApps which interact with Ethereum can use Alchemy's powerful APIs to supercharge their apps. They also provide services like analytics, monitoring, altering, logging and debugging.

Alchemy majorly solves these 3 challenges:

Alchemy is the only scalable, reliable, and accurate blockchain infrastructure provider.

Scalability

Alchemy's scaling solutions ensure that you'll be able to rapidly scale your business with no rate limiting or crashing.

📷 Image credit: Alchemy

Reliability

Alchemy's 99.9% up-time ensures that you'll be able to interact with the blockchain whenever you need to.

alchemy scaling solution.png 📷 Image credit: Alchemy

Accuracy

Alchemy has 100% data-correctness, ensuring that your users won't experience faulty transactions or incorrect blockchain info.