Live.Blockcycpher.com: Full Website Review, Pros and Cons, and More
Blockcypher is a cloud-based tool that was created to assist companies in creating blockchain apps using web APIs and callbacks. Users can deploy contracts and generate, decode, and create transactions using its APIs.
If you are willing to join this network, you would also be interested in learning more about it. In the subsequent paragraphs, we’ll outline some of its details.
The headquarters of BlockCypher is in Silicon Valley, California. Peer-to-peer (p2p), business-to-business (B2B) and business-to-consumer (B2C) payments, identity management, cross-border payments, Know Your Customer (KYC) solutions, and other areas are all fields in which BlockCypher operates.
Since its infrastructure is tailored for the cloud and has access to various data centers, BlockCypher asserts that its products are reliable and scalable. The JSON API for BlockCypher, which is used to communicate with numerous blockchains, is the company's major offering. BlockCypher supports Dash, Ethereum, Bitcoin, and other prominent blockchains. Since entrepreneurs and venture capital firms supplied all of the money, BlockCypher did not hold an initial coin offering.
Who controls live.blockcypher website?
For the highest level of security when verifying and relaying transactions, the website hosts full-node blockchains.
Who created live.blockcypher?
Catheryne Nicholson and Matthieu Riou created BlockCypher in 2014; an IT business focused on blockchain web services and middleware.
Catheryne Nicholson has a BS in Aerospace Engineering, an MS in Environmental Engineering, an MBA, and is a certified PE in Mechanical Engineering. She graduated from the US Naval Academy and Stanford University.
Catheryne has extensive experience in software product management, product marketing, environmental & energy, and military, and she currently serves as co-founder and CEO of BlockCypher.
Catheryne is an engineer, businesswoman, mother, and former officer in the U.S. Navy. She has created broad commercial software platforms for firms like BlockCypher, MommaZoo, C3, Siebel Systems, Northrop-Grumman, energy and emissions management, CRM and defense systems, and the education field.
Matthieu Riou, the co-founder of Blockcypher, is also a software architect. With more than fifteen years of experience working on complicated platforms in banking, software, and SaaS organizations. Former VP and member of the Apache Software Foundation with substantial open source development knowledge.
He started and guided several open source initiatives, including distributed databases and building tools. At companies including MommaZoo, C3, Intalio, BEA, Reef, BNP, and Societe Generale, Matthieu has created various software systems. In addition to Lisp, Java, and Node.js, Matthieu is proficient in over ten programming languages. He graduated from Ecole des Mines d'Ales with a BS and MS in Computer Science and Artificial Intelligence.
Pro features of Blockcypher
● BlockCypher’s confidence interval
By computing a transaction's confidence interval, BlockCypher provides a special function that estimates the probability of a double spend for a certain transaction. According to BlockCypher, a microtransaction's confidence interval may be precisely calculated in an average of eight seconds.
This occurs much more quickly than it takes to receive a single confirmation from the bitcoin network (an estimated time of ten minutes). The range of bitcoin applications grows tremendously due to the capacity to confirm or reject transactions in less than 8 seconds.
BlockCypher-Python is the library for web services. You can quickly and without writing any code query the blockchain. With amazing features you cannot find in other block explorers, it is quick and dependable. Supports the testnet for blockcypher, Litecoin, Dogecoin, Dash, URO, and bitcoin (both main and testnet).
● Transaction tracking
BlockCypher can track transactions by transaction ID or address, discover the holdings and transaction history of any address and verify the status of transactions that have just been sent or received.
● Its domain name
Most businesses only reserve their domain name—also known as their website name—for a year in advance. They have the option to renew their registration annually. A domain name registered for over a year in the future is a pro feature. It indicates that the company plans to operate for a very long time.
This site's domain name was registered many years ago. Generally, a site becomes more trustworthy the older it is. Nonetheless, scammers can occasionally purchase already-existing websites and begin their nefarious activities, so ensure you look for other red flags.
● SSL Certificate and advanced certificate
Legitimate and secure websites always employ SSL certificates. The data transferred between your browser and the website is encrypted and unreadable by others - this implies an SSL certificate. Unfortunately, scammers are increasingly using SSL certificates, so there is no assurance that you are visiting a trustworthy website.
However, according to Builtwith, the website appears to be using cutting-edge technologies. Given that most criminals only employ simple technology to defraud consumers, this is a healthy development.
Highlighted below is one of the users' concerns about BlockCypher.
● Payment options that let companies stay anonymous
On this website, there are identified payment options that let the business stay anonymous. These payment options typically provide the customer with anonymity as well. The drawback of these payment methods is that if the seller does not provide the product or service, it is difficult or impossible to get your money back.
A Guide to the New Bech32 Features in BlockCypher
BlockCypher's APIs include several bech32 functionalities. In general, bech32 offers reduced transaction costs and a new address format. The chains outlined below are compatible:
- Bitcoin Testnet
- Bitcoin Mainnet
- BlockCypher Testnet
- Litecoin Maninnet
The Transaction APIs for BlockCypher support native segwit addresses. You can send P2WPKH (Pay-to-Witness-Public-Key-Hash) and P2WSH utilizing their endpoints (Pay-to-Witness-Script-Hash). By putting your signature on the given data, exactly like you would with a legacy P2PKH, you can spend P2WPKH.
● create address endpoint
By adding bech32=true at the end of the query, you can create P2WPKH addresses that are identical to legacy P2PKH addresses.
BlockCypher Wallet APIs support native Segwit addresses. Therefore, Pay-To-Witness-Public-Key-Hash (P2WPKH) addresses can be used to create wallets.
Their endpoint allows you to create HD and ordinary wallets, two different sorts of wallets. Both are compatible with this new address format.
BIP84 Hierarchical Deterministic (HD) Wallets
An HD wallet that adheres to the BIP84 standard can now be made. The only addresses in this wallet are P2WPKH addresses.
The associated extended public key is all that is required to create a BIP84 (P2WPKH) HD wallet.
Every chain has a unique prefix:
- BlockCypher Testnet = > vpub (0x045f1cf6). Same as Bitcoin Testnet.
- Bitcoin Mainnet => zpub (0x04b24746)
- Bitcoin Testnet => vpub (0x045f1cf6)
- Litecoin =>zpub (0x04b24746). The same with Bitcoin Mainnet.
The wallet will generate Pay-To-Public-Key-Hash (P2PKH) addresses if you utilize a legacy prefix like xpub.
You can create a standard wallet along with the HD wallet. You can manually input the addresses and create new ones using this wallet type.
Simply putting ?bech32=true at the end of the generated query will produce a bech32 address. The basic wallet is made in the same way as before.
In a Standard wallet, segwit and non-segwit addresses can coexist.
Methods for sending and receiving cryptocurrencies
You can send and receive supported cryptocurrency using your Blockcypher wallet.
- From the Dashboard, select the menu option from the screen's right top corner.
- Choose Send.
- Type in the desired amount of cryptocurrency to send. You can choose to send money in either cash or cryptocurrency.
- Type the crypto address.
- Examine the specifics.
- Click Send right away.
- From the Dashboard, select the menu option from the screen's right top corner.
- Click Receive.
- Click Asset, then select the asset you want to receive.
- The QR code and address will be filled in after the asset has been chosen.
How does Blockcypher blockchain work?
Developers can connect with the Bitcoin blockchain through a set of APIs provided by Blockcypher. The RESTful and JSON-based APIs offer HTTP or HTTPS techniques employed in web-based applications. The Bitcoin blockchain's current API support enables developers to collect data on transactions, wallets, blocks, and other items.
We'll look at four endpoint methods employed by the blockchain API. The Blockcypher site receives the API request. If you're using Linux or macOS, you only need a terminal to do this. No other software is needed. You can also use this guide to install cURL if you use Windows.
● Chain Endpoint
Curl can be used to execute the most fundamental command from a terminal prompt.
This established command provides users with the most recent block details from the Bitcoin network. The attributes' values will differ. The Bitcoin network creates a block on average every ten minutes.
● Block Hash Endpoint
The block hash endpoint can be utilized to get further details about a given block. When submitted to the API website, this employs the curl GET technique. Information about the block is contained in the return object.
The particular block hash a user wants to query information for is the
● Block Height Endpoint
The block height endpoint GET method will be used to access the blockchain in this way. The block height can be utilized as the query criterion, exactly like the hash.
The BLOCK HEIGHT indicates the block's or block number's height>. This data type is an integer.
The result from this will be identical to that from the block hash endpoint method, but we can hone our search with flags. The two integer data types, txstart, and limit, are available for use.
Below is a description of the flags:
txstart — Filters that add transaction hashes to the block after "txstart" (starts with a value of 0).
Limit — Limits the number of transaction hashes that can be included in a block. 500 is the maximum value.
● Feature Endpoint
This technique can be utilized to acquire data regarding "upgrade features on a blockchain," according to Blockcypher. Using the value for "NAME," it delivers details about its network condition.
Frequently Asked Questions (FAQs)
What is a BlockCypher wallet?
A cryptocurrency wallet is a Blockcypher Wallet. A customer must register on blockcypherwallet.com to utilize their wallet. They do not keep any private information. Blockcypher was created to allow its customers to oversee all of their assets in a single location and securely communicate with the blockchains of featured coins and tokens.
Can I use Blockcypher on several devices at once?
You can use your Blockcypher wallet on many devices, but this is not recommended, except the devices are ones that you own and are under your management to avoid disclosing your passcode to someone else and making your Blockcypher wallet vulnerable.
What details about my wallet are accessible to and kept by Blockcypher?
To make sure that your information and transactions are secure and kept private for your use only, Blockcypher has taken great care.
Blockcypher takes extra precautions to protect even the most basic things such as your settings, theme preferences, background color, etc. In addition to your transaction and exchange details, your private keys never leave your computer or mobile device.
Blockcypher encrypts this data utilizing a password that you alone know to keep it private and secure even while utilizing Blockcypher across many devices since this detail is specific to you and is not placed on a public blockchain.
Most people who choose BlockCypher do so for basic reasons, such as excellent Block explorers with a wealth of information lacking in most explorers. There are explorers for Dogecoin, Litecoin, Dash, and Bitcoin that allow you to search all of their blockchains from one unified platform. It’s also really quick and updated in real-time.
Some other benefits are that the blocks are being mined, and you can watch it happen—no lag time. The block explorer is available to everyone for free, but if you want access to more advanced tools and higher usage limitations, you may sign up for a premium membership.