Blockbook Library: A Game-Changer for Crypto Wallets
Blockbook, an open-source software solution, has gained popularity as a backend component for major crypto wallets like Trezor and Edge, enabling applications to access real-time blockchain data, including transaction details, address balances, account history, and seamless publication of new transactions.
Furthermore, it comprehensively indexes addresses and corresponding balances from the linked blockchain. It also supports over 30 cryptocurrencies and is available through both WebSocket and REST API protocols.
- Comprehensive indexing of addresses and balances,
- Efficient index searching for quick data retrieval,
- User-centric blockchain explorer for enhanced accessibility,
- Support for over 30 cryptocurrencies,
As open-source enthusiasts at 21 Analytics, we are committed to contributing to the Bitcoin ecosystem by using the Blockbook library to power automation in our compliance solution for VASPs. We believe that open-source tools like Blockbook can benefit other innovators as well.
Filip Gospodinov, CTO 21 Analytics
The newly unveiled Blockbook Library by 21 Analytics introduces an innovative approach to decentralized data retrieval, allowing wallet applications to effortlessly retrieve blockchain data from a server via an API.
This gateway communicates with Blockbook servers to retrieve essential data from the Bitcoin Blockchain, simplifying and expediting the integration process and enabling software engineers to focus on optimizing user experiences without the burden of intricate protocol implementation.
Advocating Open-Source Development
Developing open-source tools and software is at the core of 21 Analytics’ ethos. Open-source projects like the Blockbook library foster transparency and trust in cryptocurrency by allowing anyone to inspect the code for hidden vulnerabilities or backdoors.
The company believes that open-source software development is crucial for the ecosystem’s growth.
About 21 Analytics
Founded in 2020 by Bitcoin enthusiasts, 21 Analytics is a leader in crypto compliance technology and security, leveraging blockchain expertise to advance compliance while protecting data privacy for financial intermediaries and their customers.
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Hot Take: The Impact of Open-Source Solutions on Crypto Innovation
The release of the Blockbook Library by 21 Analytics marks a significant milestone in improving accessibility to blockchain data for crypto wallet applications. By embracing open-source solutions like Blockbook, developers can streamline integration processes and focus on enhancing user experiences without compromising security or transparency. This move reflects a growing trend towards open-source development in the cryptocurrency industry, fostering innovation and trust within the ecosystem. As more companies follow suit, we can expect further advancements in crypto technology driven by collaborative, transparent, and community-driven initiatives.
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