#569 QuickNode on Building World Class Blockchain Infrastructure
5/31/2021 · 52 min · transcript via mlx
Tags
Key topics
— QuickNode provides blockchain infrastructure via globally distributed nodes with low-latency endpoints, allowing developers to query Ethereum, Binance Smart Chain, Polygon, and other chains within minutes of signup.
— The company grew 1,100% in three months after launching their API product in February 2020, validating strong product-market fit for high-speed blockchain access.
— Founders leveraged two decades of experience building content delivery networks and managed hosting to apply proven latency-optimization techniques to blockchain infrastructure.
— Multi-chain future is essential: governance contracts stay on Ethereum (high security), while everyday transactions move to Layer 2 solutions like Polygon and Binance Smart Chain (faster, cheaper).
— Mempool data aggregation from QuickNode's global nodes provides professional traders and funds with millisecond-level transaction intelligence before blocks are mined, creating a potential $10 billion annual data business.
— Customer base spans NFT platforms, DeFi protocols, gaming ecosystems, and traditional finance firms; demand continues to exceed capacity as the team scales from 6 to 12+ employees.
Market & price signals
— None discussed.
Actionable insights
— If you are building on blockchain, evaluate whether you need Ethereum's security (governance contracts) versus Layer 2 speed (everyday transactions); QuickNode enables this multi-chain approach seamlessly.
— Low-latency infrastructure and mempool data access directly impact trading profitability and user experience; builders using QuickNode report 100x improvements in polling speeds compared to alternatives.
Episode sponsorships
Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.
— BlockFi provides financial products for crypto investors, including high-yield interest accounts, US dollar loans, and no-fee trading. Visit blockfi.com/Pomp to start earning today.
— Choice is a new self-directed IRA product that allows you to buy real Bitcoin in your retirement account while owning your private keys and using tax-advantaged dollars. Visit retirewithchoice.com/podcast?kid=19DN5C to get started.
— Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy Bitcoin, Ether, and other cryptocurrencies. Visit Gemini.com to open an account.