Alchemy aims to transform blockchain development with new tools

While it may be a long-standing joke in the developer community that any bug can become a feature simply by documenting it, the fact is that the implementation of blockchain is often mission critical. Whether it is at the protocol level within an authorized enterprise solution, a public network, or within an application that processes financial transactions, reliability is not optional.

And as DeFi grows, the importance of identifying systemic weaknesses in the code has never been clearer.

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Some blockchain companies offer significant error rewards to white-hat hackers looking for flaws and vulnerabilities in their code; some delays are launched for months as their developers track possible attack vectors and vulnerabilities. And in the future, some will use Alchemy Build, a developer toolkit designed to remove some of the time, money, and uncertainty from building blockchain applications.

„For the Ethereum ecosystem to thrive, developers need to spend less time fixing the same problems over and over again, and more time creating products that deliver value to end users. Alchemy Build allows hundreds of teams to focus on building great blockchain products, which helps to boost the ecosystem months or years later,“ explained Joey Krug, co-founder of Augur and co-CEO of Pantera Capital.

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Alchemy’s Nikil Viswanathan says internal research has shown that blockchain engineers spend up to twelve hours a week on work related to debugging, customer issues and release cycles – work that is not only tedious and expensive, but also diverts developers‘ creative brains from building solutions. It’s a situation Viswanathan describes as unsustainable in the long term.

Blockchain development is „like asking someone to build a skyscraper with a shovel and a hammer,“ he says. „We want it to be fundamentally easier to do the job.

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„Web 2.0 has industry-standard tools like DataDog, which speeds up prototyping and debugging,“ added Pantera’s Paul Veradittakit. „But within the Bitcoin Loophole, we are still putting people to work on basic tasks like hex decoding, rather than allowing them to concentrate on creating the next innovative application.

Mike Garland, Alchemy’s product manager, described the current situation as a „frustrating process full of complicated research and tribal knowledge“. He explained that when it comes to debugging at Ethereum, „whether it’s an unrelated problem, a Solidity bug or otherwise, these kinds of bad experiences with debugging can exclude great developers from adopting new technologies, so we hope to help solve them with Alchemy Build.

Delivering products, not just ideas

Given that the Alchemy team estimates that 70% of major blockchain applications are using their development tools, this could represent a major step forward in both quality and time to market for application developers.

The Build toolkit is said to require „no code, no configuration“ and „works immediately“ according to an Alchemy spokesperson.

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Tools include Explorer, which identifies errors and optimization opportunities by searching historical requests; Mempool Visualizer, which allows the developer to view the status of the live transaction in the chain; Composer, for prototyping and modeling; and Debug Toolkit, which includes a real-time query viewer.

At ShapeShift, Head of Research and Development, Kent Barton, said that „‚As we launch Microtick, a new product in our own block chain, it’s crucial that our attention is focused on the right areas. Alchemy Build helps us maintain that focus, thank you

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