Why Developers are Choosing Alchemy for Blockchain Projects?

Introduction

Blockchain development might be intimidating when you first start out, but with the correct tools, it becomes lot more manageable. One of the best platforms to help you get started is Alchemy. Whether you're creating a decentralized application (dApp) on Ethereum, Polygon, or another blockchain, Alchemy makes it easier with its user-friendly UI and strong development tools.

What is Alchemy?

Alchemy is a blockchain development platform that makes it easier for developers to create dApps. Think of it as the foundation for connecting to blockchain networks without having to operate your own nodes. With Alchemy, you have consistent access to Ethereum and other blockchains, which is essential while developing and expanding your project.

Alchemy is trusted by thousands of developers worldwide. Whether you want to establish a new NFT marketplace, DeFi apps, or launch a token, Alchemy provides the necessary tools and infrastructure.

Why use Alchemy?

Alchemy is unique in that it is meant to be user-friendly for beginners while yet providing complex functionality as your needs evolve. Here's why it's considered the preferred platform for blockchain developers:

• Easy to Use: Alchemy is a simple and straightforward interface that allows you to build and manage projects with a few clicks. You don't need a strong technical background to get started.
• Reliable Infrastructure: Alchemy manages the technical complexities of connecting to blockchains, ensuring that your dApp works seamlessly. You will not have to deal with outages or manage your own node servers.
• Multi-Chain Support: While Alchemy is most recognized for its Ethereum development, it also works with Polygon, Arbitrum, and other prominent blockchains. This implies you may operate across many chains based on your project's requirements.

Real-World Examples of Alchemy in Use

Alchemy has been trusted by some of the most successful decentralized applications (dApps) in the blockchain space, powering everything from NFT marketplaces to decentralized finance (DeFi) platforms. Here are a few notable examples:

1. OpenSea: The Largest NFT Marketplace

OpenSea, the world's largest NFT marketplace, uses Alchemy to guarantee fast transaction processing and to extend its infrastructure as the platform expands. OpenSea leverages Alchemy's multi-chain functionality to enable users to purchase, sell, and trade NFTs on Ethereum, Polygon, and other networks without the need for extensive backend maintenance.

2. Aave: A Leading DeFi Protocol

Aave, one of the most prominent decentralized lending platforms, employs Alchemy to give users real-time information about liquidity pools, interest rates, and loans. Alchemy's dependable infrastructure means that Aave can manage massive transaction volumes across various blockchains, making DeFi more accessible to consumers.

3. Axie Infinity: Blockchain Based Gaming

Axie Infinity, a play-to-earn blockchain game, uses Alchemy as its blockchain architecture, allowing players to engage with smart contracts and execute transactions safely. The game's meteoric growth was fueled by Alchemy's capacity to manage large transaction throughput while maintaining network reliability.

These examples demonstrate Alchemy's adaptability and flexibility to power dApps in a variety of industries, including NFTs, DeFi, gaming, and beyond.

Alchemy makes it easy to get started with blockchain programming, whether you're a beginner or an experienced developer. In the following steps, we'll teach you how to set up an Alchemy account, and also take a look at the Alchemy Dashboard and the different features it offers.

Creating your Alchemy Account

Follow the steps below to create your new Alchemy account.

Step 1. Visit Alchemy's Website

The first step is to head over to alchemy.com. Once you’re on the homepage, you’ll notice an option to sign up for an account.

Step 2. Signing Up

Signing up is quick and simple. You may establish an account using either your email address or a Google account. Simply click the "Sign Up" button and provide the relevant information. If you choose to join up using an email address, make sure it is one you check on a regular basis, since you will need to validate it for security reasons.

After you've provided your information, you'll receive a verification email. Go to your mailbox, click on the link in the email, and your account will be confirmed. This additional step helps to safeguard your account and guarantees that only you have access to your blockchain projects.

Step 3. Setting up your account

After you've validated your email, alchemy will ask you a few questions about why you're using it. This is done to improve the user experience and offer relevant information and help when necessary.

After mentioning what you are building, you need to select the blockchain networks that you want your app to support or implement. 

You can select any blockchain network available on the list.

Next, select the plan that is best suited for you and your development process. Alchemy is known for offering beginner-friendly plans, including a free tier that gives you access to basic features and a limited amount of blockchain requests. This is perfect if you're just starting out and want to experiment without any upfront costs.  

 

You also need to add your payment details in the next step. This step is skippable if you have selected the free trial plan. 

Last, just mention from where you heard about alchemy. After mentioning that, click on Let’s build. 

With this, your account is successfully created. 

With your account set up, you’re now ready to dive into the Alchemy dashboard and start creating your first project! 

First Look at Alchemy Dashboard

After completing your signup and account setup, you can access your Alchemy dashboard.

In the dashboard, you will find all the details regarding your newly created Alchemy app and how it is used.

You can also create a new app if needed for any supporting project from your dashboard only.

You can manage your app details, like creating or deleting an app, and blockchain management, like adding a new blockchain or removing a blockchain from the list that the app supports from the App Panel.

Under the APIs section, you will find the API services that Alchemy provides for building dApps for its users. You can go to the API documentation and implementation examples there.

It is sometimes possible that the transaction initiated on the blockchain can be queued or passed on to a pending state for a long time before getting accepted. So for a dApp, it is necessary to show a notification to its user whenever the transaction gets approved or rejected. 

Alchemy provides a real-time notification system using webhooks.

It is possible to look at all the requests sent to the blockchain network using your RPC URL. Alchemy provides request logs to keep track of the requests that are track of the request processed.

If any transaction goes to the pending state, then all the details of that transaction will be shown under Mempool.

Alongside all these, the Alchemy dashboard also provides some additional links to faucets, SDK implementation, Alchemy University, etc. For a smooth user experience.

Conclusion

This article introduces Alchemy as a beginner-friendly blockchain programming platform. It simplifies dApp development by providing a user-friendly interface, multi-chain support, and dependable infrastructure, reducing the need for developers to operate their own blockchain nodes. The article explains how to create an Alchemy account and navigate the dashboard, including features such as API administration, transaction notifications, and request logs.

While it's ideal for new developers, it could offer more in-depth details for advanced users and comparisons with competitors.