Monadic design patterns for the blockchain40 comments
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Online-stores all over the web have steadily adopted the tendency of accepting bitcoin payments. This fact does not seem that surprising if we consider the blistering growth of a number of digital assets wallets owners over the last few years.
In order to implement a payment method which accepts bitcoin, the most rational thing to do would be to use the dedicated Blockchain API. What are the benefits of this? It allows e-commerce owners to save time and the financial expenditures needed for the development of electronic payment systems from scratch and focus on others that are more significant and essential for service industry tasks.
With this approach and modernization of existing software solutions, you will not be obliged to stick to a certain single programming language or SDK.
That, in turn, will take off some of the limits from your team of developers. In this article, we will go over a list of the top ten best Blockchain API providers which you can employ in your business project. A few years ago, following the rapid development of technological solutions in the financial niche, a Malaysian startup called Neurowave introduced Blockstrap API. Being an API for web-developers and programmers working with bitcoin and other digital assets, it provided the ability to create cryptocurrency-related web-applications compatible with HTML5.
This API is the perfect solution for modular platforms. Notice, also, that Blockstrap does not limit developers with its API, but rather provides a choice.
While other platforms can only use their own data sources, Blockstrap also supports SoChain, Hello! It does have, yet, another advantage — ISO standard employment allows for displaying Satoshi sums Satoshi — millionth of a bitcoin or sums with many zeroes after the comma for instance, 0. Tierion Hash API is a software solution which is capable of creating up to records per second completely free of charge.
In general, Tierion does not restrict you with standard functionality and you can integrate it with numerous services such as Salesforce, Mailchimp, Gmail, Slack, etc. This blockchain API can, to some extent, be considered an innovational solution. As opposed to other various APIs, this interface does not restrict developers with the speed of the bitcoin API call implementation.
Factom Alpha is, indeed, your best choice for the development of cutting-edge services. Note that this solution can help you deploy the functionality with regard to not only bitcoin but also for ether and litecoin. The standard functionality of Coinbase is also worth mentioning — it includes the ability to create a wallet, as well as to execute all the related operations, such as purchasing, selling, sending, receiving and storing the above-mentioned cryptocurrency.
Furthermore, the developers of this API provide their users with a colossal number of useful libraries, as well as with a developmental toolkit. Blockchain API is also among the popular solutions for developers who want to realize cryptocurrency payment functionality.
All the information related to this interface data is available in JSON format, which simplifies processing by the customer. Blockchain API works similarly to several other interfaces on our list, by Websocket protocol known for its low timeouts. Additionally, each and every bitcoin owned by the customer can be accessed directly from their e-wallet account, which means that the developer will not have to waste time creating separate storage for cryptocurrency.
Why do companies choose Bitcore? Primarily, for its fast performance. Indeed, this blockchain API demonstrates a speed of performance that exceeds that of the services built on centralized web architectures by 20 times. Based on this, it would be logical to assume that Bitcore fits the networks that are looking to scale in the future better than any other similar interface. But that is not all. It fits the needs of the developers that work with programming languages different from Node.
Colu API employs private keys for monetary asset management. That means increased protection of user wallets from hacks. Also, using Gem, you get resources for storage, encryption and copy of cryptocurrency for all your customers. That means that there will be no need for the development of separate software solutions. Gem also features an enhanced security system.
In order to decipher such data, the hackers will have to search and find several private keys which can only be accessed by the developers which is almost impossible to do, even in theory. BlockCypher also includes such useful features as built-in microtransactions for internal purchases on the platform and payments readdressing.
It works based on the WebSocket protocol which extends the capabilities of data transfers over TCP connections. In this manner, the server receives a chain of transaction messages with confirmations about their completion. In this article, we considered the most advanced and accessible blockchain APIs. What do you think of them?
Perhaps, you have an experience working with some of these APIs, or you may have used some other solution that we did not include on our list and were completely satisfied with it.
If you wish to enhance your existing e-commerce business with the implementation of bitcoin payment methods but do not know exactly how to do that yourself, we can help. In particular, our services include integration with API.
Our team will gladly work on your project, and you will get an updated and fully operational solution with extended functionality in just a few weeks. We hope you enjoyed this article! It's very important for us to receive your feedback. You can use these emojis to describe your feelings. Article Rating 31 Reviews. Review and Comparison with React Native. Be the first to receive helpful tips from Applikey.
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