What is BWARE LABS?

The Bware project is an ecosystem that provides developers with access to Application Programming Interface (API) tools. Its infrastructure and development platform aims to facilitate blockchain adoption.

The platform is designed to help developers throughout their blockchain journey, from development to production, release, and project scaling. It also lowers the barrier of entry by focusing on user needs and technical innovations.

It achieved the above using the integrity protocol, Blast proxy, and node scoring algorithm to provide faucets, snapshots, and validators for projects.

History of Bware Labs

Bware Labs was co-founded in 2020 by Flavian Manea, Alexandru Minulescu, Matei Popp, Alexandru Filip, and Radu Enoiu. The project has support from 34 investors, comprising 25 institutional investors and 9 angel investors. Notable backers include Ascensive Assets, CoinGecko, and Hypersphere Ventures.

In January 2021, Bware Labs released its Minimum Viable Product (MVP) to test its blockchain decentralization solution. Following the MVP’s test, the company completed a seed funding round on May 24, 2021.

Bware Labs’ contributions to the Optimism ecosystem were recognized in January 2024, and it received the second-highest grant for an infrastructure provider.

The Team

Flavian Manea is the CEO with over 10 years of experience as a blockchain engineer for the project.

Alexandru Minulescu is the project’s CTO. He has over two years of experience as a product specialist at Ankr and eight years as a senior software engineer at LUXOFT and Enea.

Matei Popp is the DevOps team lead and has years of experience as a DevOps specialist with Ankr. Alexandru Filip is the smart contract development lead and has years of experience as a DevOps specialist with Ankr and as a software engineer at LUXOFT.

Radu Enoiu is the project manager at Bware. He was previously a scrum master at Google and a project manager with Ankr.

Core Components of Bware: Integrity Protocol, Blast Proxy and Node Scoring Algorithm

Integrity Protocol

Source: Bware Labs website

The integrity protocol on Bware is a distributed infrastructure responsible for verifying and monitoring all the nodes in the project. It aims to maintain the project’s integrity by providing high performance and censorship resistance.

The protocol ensures the integrity of the data being processed or transmitted, preventing its corruption. It then assigns each node in the Bware ecosystem a score, which determines the rewards distributed in the staking pool.

The Blast Proxy

Source: Blast API website

The Blast proxy is software that enables the efficient handling of user requests using the most efficient path for the fastest possible response. It works by differentiating heavy and lightweight requests. Then, it analyses the load on each node and routes the requests accordingly, guaranteeing the minimum response time.

The proxy also classifies and manages the nodes based on their performance and location to optimize request routing to the highest possible degree.

The Node Scoring Algorithm

Source: Bware Labs website

This algorithm considers various integrity protocol performance indicators, such as Sync state, Data integrity, Latency, and Uptime. It applies a mathematical model to the different integrity protocol parameters and returns a performance score.

The performance score is then attached to each node participating in the ecosystem based on its overall performance. It is used when calculating token rewards distributed to platform users.

Blockchain Indexing

Source: Bware Labs website

Blockchain indexing allows users to filter and locate data stored in the encrypted block of a decentralized network. It operates similarly to a search engine, allowing users and developers to search for specific words or data.

Bware Labs data indexing involves extracting and storing blockchain data in a structured form to enable efficient access. It also provides this structured data to applications through its APIs

Features of the Bware Ecosystem: Faucets, Snapshots, App Chains, Validators and Bridge Operators

Faucets

Source: Bware Labs website

Bware Labs’ faucet features provide developers with test tokens that grant them access to features and functionalities. This allows developers to build applications and experiment with various networks.

It also allows them to test the application, launch testnets, and receive valuable feedback on the best products to deploy. This increases product testing efficiency, allowing developers to deploy products faster.

Snapshots

Source: Bware Labs website

Bware Labs’ snapshots feature enables new node providers to catch up with network data without downloading the entire blockchain. Snapshots allow nodes to obtain only the most recent states and transactions of the smart contracts on the source blockchain.

This helps developers save time and resources when setting up new nodes, allowing them to synchronize instantly with the designated network.

App Chains

Source: Bware Labs website

Bware Labs app chain provides application-specific blockchains for developers to build and deploy applications. This allows developers to customize these application-specific networks for their specific use cases.

This reduces the need for trial and error development when developing with an already established chain.

Validators

Source: Bware Labs website

Bware Labs actively participates in blockchain consensus. It secures partner networks and runs validator nodes on over 60 major blockchains. It has maintained a consistent uptime for two years and has provided competitive commission rates.

This is aimed at maintaining decentralization and combating centralized validator control.

Bridge operators

Source: Bware Labs website

The project bridge operator services are designed to facilitate token interactions between different blockchain networks. This aims to improve decentralized interoperability.

This customizable feature makes it easier for developers and users to access and utilize cross-chain transactions and ecosystems.

GovScan

Source: GovScan website

The GovScan feature allows users to monitor and participate in governance activities. It aims to combat centralization through transparency and engagement.

This helps to usher in a new era of decentralized autonomous operations, making it easier for users to participate in governance activities.

What is the INFRA Token?

Source: Bware Labs website

The INFRA token is the native cryptocurrency of the Bware Labs platform. It is a decentralized token to incentivize users’ participation in the project’s ecosystem.

The INFRA token has a maximum supply of 100 million, with 4.31 million in circulation. Its tokenomics allocates 25% (25 million) of tokens to protocol incentives, 20% (20 million) to the treasury, and 20% (20 million) to core contributors.

1% (1 million) is allocated to the insurance fund. 3.7% (3.7 million ) is assigned to marketing.1.2% (1.2 million) tokens are reserved for Node providers, and 0.4% (400,000) tokens are distributed to the community.

0.4% (400,000) of tokens provide liquidity for decentralized exchanges (DEX). 1.3% (1.3 million) are for centralized exchange liquidity (CEX). 12.2% (12.2 million) are for seed round investors, and 12% (12 million) are for series A investors.

2.6% (2.6 million) of the tokens are allocated to Advisors, and 0.2% (200,000) are listed for launch pools.

Is the INFRA Token a Good Investment?

The INFRA token is Bware Labs’ native currency. Bware Labs is focused on decentralizing the blockchain ecosystem using decentralized APIs and tools, which places it in a pivotal position in the struggle against centralizing the crypto space.

The token also provides staking and governance privileges, which allow early investors to decide the project’s direction. This would influence the project’s long-term viability and the crypto space’s decentralization.

Risk Analysis

Advantages

Bware Labs solves the single point of failure problem posed by centralized institutions’ involvement in Blockchain node operation. It also ensures promising projects don’t succumb to centralized control.

Through its comprehensive API platform, Bware Labs makes it easier for developers to fully integrate decentralization. It also provides the tools needed to develop and launch promptly.

Disadvantages

A minimum of 5000 INFRA is required to create a staking pool. This allows nodes to participate in the project, making it inaccessible to individual participants.

Challenges

Bware Labs envisions a completely decentralized blockchain space. To create secure blockchain infrastructures, decentralization, and scalability must be balanced.

The project is also subject to the volatility and regulatory uncertainty of the space.

Competitive Analysis

The Bware and Infura projects provide tools for developing crypto projects. The Bware Lab provides decentralized tools for numerous networks, while the Infura project focuses on Ethereum and IPFS networks.

This limits the reach and use cases of the Infura project, as opposed to the Bware project, which is capable of integrating popular and customizable networks.

The Infura project focuses on providing security to nodes connecting to the Ethereum infrastructure. At the same time, the Bware project emphasizes security across multiple blockchains and bridges giving it a broader reach.

How Can You Own INFRA?

Users can follow a simple process to own INFRA tokens and become a part of the Bware Labs ecosystem.

Setup a Wallet

One way to own INFRA tokens is to purchase them through an exchange. To do so, the user must create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.

Utilize the INFRA Tokens

Once users have acquired INFRA tokens, they can explore the Bware Labs ecosystem by staking, building applications, and participating in governance.

Take action on INFRA

Users can trade the INFRA token here.