MassBit Route’s Launch Helps Web3 Projects Achieve True Decentralization
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HO CHI MINH CITY, August 1, 2022: MassBit, the infrastructure company working on building decentralized APIs and multi-chain indexing, has announced their product line MassBit Route has begun providing infrastructure for select Web3 projects and apps.
MassBit Route benefits Web3 projects by providing them with increased redundancy. MassBit Route is able to prevent single points of failure, providing a robust and truly decentralized global API system for projects that need reliable, cost-efficient infrastructure alternatives. This provides web3 apps with reliable access to blockchain resources, providing indexing for many leading layer 1 projects such as Ethereum, Polkadot, and Solana. Projects migrating to MassBit Route are able to customize usage, gradually incorporating smaller features first, while retaining core features that go through centralized services.
“We are working on fulfilling the dream of being fully decentralized for Web3 apps. We believe when Web3 apps get into the mainstream, they will rely on decentralized API’s to truly achieve decentralization and avoid the vulnerabilities created by single points of failure,” said Minh Doan, Massbit’s CEO. “Not only that, MassBit Route provides these advantages all while remaining cost effective and competitive compared to alternative options.”
MassBit Route is currently in Testnet Phase II, which introduced a variety of new features, including staking with rewards. Web3 apps and projects looking to use the MassBit line of products for web development are currently being offered free trials to begin using MassBit Route as their web infrastructure during the Testnet phase of product development.
MassBit provides fully decentralized solutions for Defi and Web3 App project development. Currently MassBit has 4 products in the stage of development; MassBit Route, MassBit Multi-Chain Indexing, MassBit Insight and MassBit Prime. MassBit enables DeFi and Web3 App development to be faster, stable, scalable, and more cost-effective.
The powerful ‘glue’ holding together and supporting all the products is the MassBit Verification Protocol, which is based on proof of stake. The protocol incentivizes those working within the system to verify each other’s work. The verification of other nodes, gateways, or indexers gives rewards or penalties for the mistakes to each individual or entity. From that, the protocol ensures the whole network’s health.
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