The APIS (API)

The APIS is an indexing protocol for reading and writing to open networks. Making APIs open and accessible to power a decentralized world.

Whitepaper

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What is The APIS

The APIS Protocol is a decentralized read and write platform designed to allow decentralized applications to function at a global scale. The network is layer-one and layer-two agnostic, allowing mainstream developers to manage complex interactions between their applications and Ethereum, Solana, Binance Smart Chain, Optimistic and ZK-Rollups, Filecoin, Helium, and future protocols should they garner significant adoption.

The API Token is the native token of The APIS protocol, deriving its utility from:

• Staking by APIS Nodes and APIS Gateways: Nodes and gateway operators are required to stake a number of API tokens in order to establish their network presence. This will be subject to slashing, should the actor be proven to act maliciously
• Dispute resolution: This mechanism allows API holders to determine whether Nodes or Gateways acted maliciously (similar to Augur’s dispute resolution mechanism)
• Staking by Optimistic or Zk-Rollup validators: We anticipate this feature will be in place within a year, and
• Governance: Numerous ways to decide on new APIS contracts and upgrades through a voting system.