A blockchain ecosystem represents the components and communities that participate in, interact with, or are interoperable with the blockchain, including outside technologies.
A blockchain’s ecosystem includes a blockchain network (with all components of its operation, such as its shared ledger, consensus algorithm, virtual machine, or node application) and its participants. Its ecosystem also includes all of the sidechains, applications, and other solutions built that operate on or with the blockchain. The participants in the blockchain itself may include its validators, miners, developers, users, investors, or token holders.
More broadly, a blockchain’s ecosystem includes companies that further develop the chain’s technology, by building infrastructure, creating software development tools, developing applications, or providing mining, hardware, data storage, or wallet solutions for it. It can also include social or gaming platforms, enterprise solutions, or transaction and payment services, deployed within the decentralized network.
Because of this, a blockchain ecosystem represents the depth and the breadth of the blockchain and positions it within the sector.
For example, the Ethereum ecosystem includes the Ethereum network and its participants, including ETH holders, Ethereum developers, The Ethereum Foundation, Ethereum miners, eth2 validators, or network users. It also includes the sidechains built on Ethereum, their native tokens, and their participants, such as Chainlink, xDai, SKALE, or Matic. It also includes the dApps built on Ethereum and their users, such as Uniswap, 1inch, or OpenSea. More generally it includes companies building for Ethereum, such as Bison Trails, Lighthouse, or Moonshot.
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Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 23 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.