Zug, Switzerland, August 7, 2024, Chainwire
Validation Cloud, a leader in Web3 infrastructure, announced support for Stellar Horizon, an HTTP API for data on the Stellar network. Stellar is the leading decentralized network for financial products and services, and Horizon makes it easier for applications such as wallets, decentralized exchanges (DEXs), and asset issuers to consume data generated on the Stellar network. Validation Cloud’s high-performance node API supports these applications, allowing them to perform tasks on the Stellar network such as submitting transactions, querying account balances, or streaming events.
“Validation Cloud is proud to support Horizon as the #1 performing Node API, providing access to the full history of archive node data. We are excited to see the innovative financial products and services that will leverage these powerful nodes to build the next generation of DeFi applications,” said Alex Nwaka, CSO of Validation Cloud.
Archive nodes are specialized full nodes that store the entire history of the blockchain, including all transactions, smart contract interactions, and state changes since the genesis block. The Archive Nodes in the Validation Cloud for Stellar maintain the entire history of the network, allowing developers to query historical ledger data, transaction details, and account states. This is essential for applications that require in-depth historical analysis of the Stellar network’s operations.
There are several key developer use cases for storage nodes:
- Gratitude and Compliance: Financial institutions, regulators, and accounting firms often need to verify past transactions for tax and compliance purposes.
- dApp Development: Developers have access to historical contract states and interactions, which are critical for building robust decentralized applications. Researchers and analysts can query the blockchain’s past state for in-depth research and trend analysis.
- Blockchain Explorer: Services like StellarExpert and other block explorers rely heavily on custodial nodes to provide users with comprehensive blockchain data for the entire lifespan of the chain.
“Adding Validation Cloud to the Stellar ecosystem will enhance the developer experience when building the next generation of dApps powered by smart contracts on Stellar,” he said. Tomer Weller, Vice President of Products, Stellar Development Foundation. “Validation Cloud enhances Stellar’s already robust audit and compliance capabilities, making the network more attractive to institutions and regulators. Validation Cloud is another powerful addition to the growing Stellar ecosystem.”
Validation Cloud is purpose-built for enterprises with SOC 2 compliant node and staking infrastructure and 99.99% uptime. Ranked #1 globally by CompareNodes, Validation Cloud’s node API supports enterprises building on leading networks like Stellar. Validation Cloud’s support for Horizon ensures that the Stellar network provides the most performant, resilient, and reliable endpoints and data for developers building on Stellar.
Horizon is available to users today at validationcloud.io. Validation Cloud offers up to 50 million compute units (CUs) per month for free to start building applications on Stellar. For unlimited scalability, users can upgrade to a Scale Plan that offers unlimited CUs, zero fee caps, and a global delivery network.
Introducing Validation Cloud
Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations to Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers high-performance, customizable products in staking, nodes, and data as a service.
For media inquiries, please contact Kelly Clark, Communications Director. (email protected)
About Stella
Stellar is a decentralized, high-speed, scalable, and uniquely sustainable network for financial products and services. It is a cross-currency exchange system and digital asset issuance platform designed to connect the world’s financial infrastructure. Financial institutions around the world issue assets and process payments on the Stellar network, which has grown to over 7 million accounts. For more information, visit stellar.org.
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Communications Director
Kelly Clarke
Verification Cloud.io
(email protected)
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