1.Price proposal
I think it's a good idea.
In order to acquire more customers, all BLOCKSDK members can receive 1:1 chat development support,
If you need a custom API, we will develop it further.
2.createwallet API (Wallet KEY)
Only the keys of one-way encryption values are stored on the server, and no one can know the keys unless you are the wallet creator.
In other words, even if a hacker hacks the database, the key is not known.
3.Store transactions, blocks and addresses in the block explorer
MYSQL and our Bitcoin node server are synchronized in real time.
The execution speed of the SQL statement to fetch specific transaction information is 0.001 seconds
Topic: Bitcoin Rest API Service - page 2. (Read 406 times)
It's great that you are offering a free way to query address and transaction data without requiring a full node, but I have a suggestion for your pricing structure.
First, you can use Basic as your home-use or a kind of personal plan but for advanced developers, like some of the devops services I can think of (Github, Travis, et al have this kind of plan). You can make it affordable to those individuals like at $40/month with Basic'a quota limits.
Second you can merge Beta and Pro into a single business plan with Pro's pricing and limits but I also recommend significantly increasing the rate limit for this business plan. In general businesses have more cash to spend for buying things like this. You can even add live telephone support within business hours to make it more attractive to them.
Last you can replace Production with an enterprise plan with custom limits but enterprises need to contact you about their requirements. The advantage is you can charge them thousands of dollars a month for accommodating their possibly high requirements, way higher than the $500/month your biggest plan charges.
The pricing stuff is just my opinion based on what I've seen other companies do, you're also free to use your own kind of pricing.
Also I have a question about your createwallet APi calls. How much security is put in place to protect the private keys that are in the wallet (which I assume are created on your servers)? Since you are returning seed phrases, are you using Electrum as the backend?
Finally we've been discussing the last few days on how transaction, block and address data in a block explorer can be queried so much faster from a database than from a node, so would you mind telling us how you store all this data server-side?
First, you can use Basic as your home-use or a kind of personal plan but for advanced developers, like some of the devops services I can think of (Github, Travis, et al have this kind of plan). You can make it affordable to those individuals like at $40/month with Basic'a quota limits.
Second you can merge Beta and Pro into a single business plan with Pro's pricing and limits but I also recommend significantly increasing the rate limit for this business plan. In general businesses have more cash to spend for buying things like this. You can even add live telephone support within business hours to make it more attractive to them.
Last you can replace Production with an enterprise plan with custom limits but enterprises need to contact you about their requirements. The advantage is you can charge them thousands of dollars a month for accommodating their possibly high requirements, way higher than the $500/month your biggest plan charges.
The pricing stuff is just my opinion based on what I've seen other companies do, you're also free to use your own kind of pricing.
Also I have a question about your createwallet APi calls. How much security is put in place to protect the private keys that are in the wallet (which I assume are created on your servers)? Since you are returning seed phrases, are you using Electrum as the backend?
Finally we've been discussing the last few days on how transaction, block and address data in a block explorer can be queried so much faster from a database than from a node, so would you mind telling us how you store all this data server-side?
Hi,
Are you looking for a way to access the cryptocurrency server without running it?
BLOCKSDK offers +6+ cryptocurrency APIs, including Bitcoin.
Start for free
We provide support for custom API development and 1:1 live chat development even if you are not a paid user.
We constantly monitor customer complaints and promptly correct them.
Youtube Video
https://www.youtube.com/watch?v=fyJDBcM8s2k
Website
https://blocksdk.com
Email
[email protected]
Telegram
@BlockSDK
https://t.me/BlockSDK
The generated wallet key is
It is stored on the server using one-way encryption,
If you lose the key issued when creating your wallet, we have no way to recover it.
Are you looking for a way to access the cryptocurrency server without running it?
BLOCKSDK offers +6+ cryptocurrency APIs, including Bitcoin.
Start for free
We provide support for custom API development and 1:1 live chat development even if you are not a paid user.
We constantly monitor customer complaints and promptly correct them.
Youtube Video
https://www.youtube.com/watch?v=fyJDBcM8s2k
Website
https://blocksdk.com
[email protected]
Telegram
@BlockSDK
https://t.me/BlockSDK
Code:
use BlockSDK;
$blockSDK = new BlockSDK("YOU_TOKEN");
$btcClient = $blockSDK->createBitcoin();
$wallet = $btcClient->createWallet([
"name" => "test"
]);
var_dump($wallet);
The generated wallet key is
It is stored on the server using one-way encryption,
If you lose the key issued when creating your wallet, we have no way to recover it.
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