In simple terms, it is a connection between a blockchain node and a client’s network directly. A blockchain API is an interface between an exchange and a user application that derives data from it.
There are different APIs to serve many purposes. APIs for transactions, trading, account management, analytics and security. Here security is a paramount feature for any app whether it is clients’ data, cryptocurrencies or crucial information security must be the top priority followed by features and functionalities.
Blockchain technology is continuously evolving. You may be worried about which one you should pick that completely justify your client’s requirement. Your preference for blockchain API may vary depending upon functionalities, budget, technology and scalability.
Every API is distinct from others; some provide specific libraries, architecture patterns, programming languages more than the others. A large blockchain community produces open-source software. The open-source code is widespread and easily accepted as they are free, perfect and already used by other developers.
Here, the vast difference prevails in the (tps) transaction per second. Some APIs provide numerous transactions per second while some proceed with a few. Compared to other APIs, blockchain APIs are slower and take time in executing the transactions. Still, blockchain is preferred for its security and robust construction. And many profound developers are in the surge to diminish the (tps) of blockchain APIs.
It is the perfect API to integrate crypto payment functionality. It is considered the most popular and older API. It has APIs for wallets, payment procedures, blockchain exploration and simple blockchain text queries. It also provides live market data API. It stores data in JSON format. It uses wallets to avoid the requirement of cryptocurrency storage.
– Huge community
– Web socket for Low time outs
– Associate e-wallets
– Peer to peer network
– Modular architecture
– Java script
– Best for enterprise and Scalable projects
Coinbase is a popular digital currency trading platform. It offers trading, buying, and selling for not only bitcoin but also Ethereum and bitcoin cryptocurrencies. Coinbase API offers various blockchain tasks like developing read-only data, associating wallets, buying and selling cryptocurrencies, history prices, market data, storing of coins, payment notifications and many more. The biggest advantage of Coinbase is a wide range of client libraries and mobile SDKs in node.JS and other various programming languages which helps the developers in easy integration.
– Create a wallet and perform all the tasks related to trading
– Numerous libraries and development toolkit
– Transaction authorization notification
It offers innovative solutions and offers the best services to store data in the blockchain. It holds crucial data for a considerable time. It offers a good connection to the existing apps. It also facilitates smart contracts and tokenization. Any unique asset can be tokenized and traded on the blockchain network. It can be implemented vastly due to its immense popularity.
– No transactions speed restrictions
– Tokenization, Decentralised, Smart contracts
– Data storage and secured exchange
It is the most diversified blockchain API. It uses programming languages apart from NodeJS so beneficial for those developers who work with other programming languages. It is a private network for digital assets management. It provides premium security to a wallet that can’t be hacked. It creates a dashboard where digital assets can be easily traded by users and developers can build such apps hassle-free.
– Cryptocurrency trade
– All the operations related to digital assets
– Encrypted transaction for security
Infura is one of the biggest blockchain service providers today. It offers robust and scalable solutions in the Ethereum network. It is useful for decentralised apps and it also includes other users. It also provides a backend API to connect through HTTP and web sockets to the Ethereum network. Most Ethereum apps are developed using Infura Ethereum API.
– Accessible on Amazon servers
– Easy to use
– Free for 100000 requests per day
– For premium clients, it has access to the Ethereum archive
It is designed to fulfil all the trading requirements. Instead of showing candle data, it gathers raw data then works on it and derives the final data to furnish the users. It also helps to identify any anomalies or spam data in the system. The data aggregator gathers, manages and trades data from 13 different crypto exchanges. It also provides historical data to analyze past trends.
– Data sets to analyze the move
– Appropriate Documentation
– In-depth analysis through raw data and historical data
So, here are a few top most used APIs for blockchain integration. Every blockchain API is serving different purposes. Find the exact requirements and budget of the clients to execute the project successfully. Schedule a call to know more about blockchain API integration and how we do it.
Author Name : Kiran Sagar