OnFinality powers Encointer, a blockchain initiative for local community cryptocurrencies

OnFinality, a multi-chain infrastructure provider, adds Encointer, a common good parachain, to its marketplace supporting over 80 chains.

OnFinality powers Encointer, a blockchain initiative for local community cryptocurrencies

OnFinality, a multi-chain infrastructure provider, announces support for Encointer, a potential solution to many of our world’s money problems.

We are proud to announce support for Encointer, a common good protocol enabling communities everywhere to generate their own, autonomous currency, and use it to stimulate the local economy.

“OnFinality is proud to be joining the Encointer movement in combating many of our world’s money problems and creating a more sustainable, inclusive and democratic economy, by making the network more accessible than ever to web3 builders and users alike.”

— Daniel Vulinovich, Product Manager at OnFinality

OnFinality will provide easy to use, reliable and scalable API endpoints for builders to deploy and run their dApps on Encointer, as well as a one-click node solution for users to help scale the network faster than ever!

What is Encointer? ($ENCOINTER)

Encointer is a blockchain platform for local community cryptocurrencies. Individuals can claim a universal basic income through issuance of fresh money. Money supply is kept in proportion to population size through the use of demurrage. Sybil attacks are prevented by regular, concurrent and randomised pseudonym key signing parties to obtain a proof-of-personhood. Encointer features privacy by design and purchasing-power adjusted transaction fees.

Encointer provides a way to remove barriers to inclusion in Web3 networks that could be especially helpful for localised financial services. By creating a decentralised, unique identity system that is not reliant on any central authority, it could provide access for those currently excluded from the financial system; and by enabling the creation of tokens geared toward local purchasing power, fees can be tailored to user income levels.

By connecting to Encointer with OnFinality’s API endpoints, builders will be able to:

  • Access the Encointer network quickly in minutes without having to set up or manage infrastructure
  • Enjoy global performance, automated scalability and high availability of up to 99.99% uptime per year!
  • Gain valuable API Insights for you to spot issues on your apps and quickly implement rectifications for a bug-free user experience

We’re providing both public and private endpoints for Encointer (Public endpoints will be heavily rate limited).

Simply sign up to app.onfinality.io to receive your free API key in minutes! Our ‘Free Plan’ comes with 500,000 daily responses for anyone to get started easily.

For teams looking to take your applications to the next level and ensure that you receive the best performance possible, we highly recommend using an API key. What are the benefits of getting an API key?

In addition, OnFinality also provides the ability for participants in the Encointer ecosystem to rapidly deploy and manage nodes via any of our supported cloud providers such as Amazon Web Service (AWS), Google Cloud Platform (GCP) and Alibaba Cloud.

Benefits of deploying Encointer nodes through OnFinality

  • Easy — Deploy Dedicated Nodes easily and quickly via our on-demand node deployment service without worrying about setting up hardware from scratch
  • Scalable — Upsize and downsize your nodes easily in a few clicks!
  • Cost-efficient — Pay for only what you need. You no longer have to buy or set up your own hardware or make tools to monitor your node’s health and performance
  • Visibility — Simply connect to our Node Metric Endpoint for automated monitoring and alerts on your node’s health

You can now log in to see Encointer’s network spec in the OnFinality Marketplace.

Our mission is to support all blockchain teams in the world by providing critical infrastructure so they can focus on their core business. By leveraging OnFinality’s expertise in infrastructure, decentralised application (dApp) teams building on Encointer can now focus on scaling for a global audience.

Encointer Public API Endpoints

* Please note that these endpoints are rate limited and are not run to the same reliability standard as the endpoints that our API key customers benefit from.

You may also reach us at sales@onfinality.io to discuss your requirements.

Build Smarter with OnFinality.

About Encointer

Encointer enables communities everywhere to generate their own, autonomous currency, and use it to stimulate the local economy.

Economically deprived areas often struggle to generate growth. People have skills and products to sell, but lack the purchasing power to buy from others. Encointer’s free, easy-to-use technology enables any community to generate their own currency and distribute it regularly and equally among all active participants to boost local economic activity.

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About OnFinality

OnFinality is a blockchain infrastructure platform that saves web3 builders time and makes their lives easier. OnFinality delivers scalable API endpoints for the biggest blockchain networks and empowers developers to automatically test, deploy, scale and monitor their own blockchain nodes in minutes. To date, OnFinality has served over hundreds of billions of RPC requests across 80 networks including Avalanche, BNB Chain, Cosmos, Polkadot, Ethereum, and Polygon, and is continuously expanding these mission-critical services so developers can build the decentralised future, faster!

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