API3 is a blockchain oracle solution that aims to bridge the gap between traditional web APIs and smart contracts. It provides secure and decentralized data feeds to smart contracts, allowing them to interact with real-world data.
MoreAPI3 operates through a decentralized network of Airnode nodes that retrieve and verify data from various web APIs. These nodes ensure data accuracy and reliability by employing end-to-end encryption and a robust governance system, enabling smart contracts to access external data with transparency and security.
MoreDo you want to buy API3 (API3)? You can easily do this at Coinmerce. Simply select the coin, your preferred payment method and after payment, you’ll receive the tokens in your wallet!
MoreDo you want to buy API3 (API3)? You can buy API3 using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see API3, use the search function to search for API3 and click on the name. You can indicate for how much you want to buy API3 in the right window. Below is shown how much API3 you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy API3 when the price of API3 reaches your entered value. You can also execute a repeating order. Do you want to buy API3 with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive API3.
API3 was founded in 2020 by Heikki Vänttinen, Burak Benligiray, and Uğur Öztürk. The project was initiated with the aim of providing a solution for the reliability and security of external data feeds for smart contracts. API3 offers a decentralized approach to bringing reliable data to smart contracts. Traditional APIs are often centrally controlled, making them vulnerable to manipulation and failures. API3 aims to overcome these challenges by creating a decentralized network of Airnode nodes that retrieve and verify data from external APIs. This system enables smart contracts to access reliable data, promoting their usability. Within this ecosystem, the API3 token is utilized, which can be staked to gain the right to participate in network governance. This ensures that token holders have influence over important decisions within the protocol.