The post Validation Cloud Now Supports Stellar Horizon Archive Nodes appeared on BitcoinEthereumNews.com.

Zug, Switzerland, August 7th, 2024, Chainwire Validation Cloud, a leader in Web3 infrastructure, announced support for Stellar Horizon, an HTTP API to data on the Stellar network. Stellar is the leading decentralized network for financial products and services and Horizon allows applications such as wallets, decentralized exchanges (DEXs), and asset issuers to more easily consume data produced by the Stellar network. Validation Cloud’s highly performant Node API will support these applications so they can better perform actions on the Stellar network such as submitting transactions, querying an account balance, or streaming events. “Validation Cloud is proud to support Horizon with our #1 performing Node API and offer access to the full history of archive node data. We are excited to see the innovative financial products and services that will utilize our powerful nodes to build the next generation of DeFi applications,” said Validation Cloud CSO Alex Nwaka.  Archive nodes are specialized full nodes that store the entire history of a blockchain, including all transactions, smart contract interactions, and state changes since the genesis block. Validation Cloud’s archive nodes for Stellar maintain a complete history of the network, allowing developers to query historical ledger data, transaction details, and account states. This is crucial for applications requiring deep historical analysis of Stellar network operations. Archive nodes have several key developer use cases: Auditing and Compliance: Financial institutions, regulators, and accounting firms often need to verify historical transactions for tax and compliance purposes. dApp Development: Developers can access historical contract states and interactions, crucial for building robust decentralized applications. Researchers and analysts can query past states of the blockchain for in-depth studies and trend analysis. Blockchain Explorers: Services like StellarExpert and other block explorers rely heavily on archive nodes to provide users with comprehensive blockchain data for the entire lifetime of the chain.…

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Filed under: News - @ August 8, 2024 10:14 am