5 minutes is a really short time imho. People might need to move funds, sweep paper wallets, search the key for the old ledger HW.1 in order to sign a transaction.
Bitpay waits 15 minutes, i think that's reasonable...
Bitpay waits 15 minutes, i think that's reasonable...
Ok I'll up the time limit. I was just thinking of the volatility.
As for you choice of using the blockchain api, i agree to one of the previous posters: why don't you use an established payment provider like bitpay or coinpayments? If you're set on doing things yourself (to have full controll, or because you don't like to pay a fee), i'd suggest running your own node and using json-rpc query's, or using an xpub from an offline electrum wallet to derive new payment addresses for each customer without exposing your private key or xprv on an online server...
I tried setting up my own node but go nowhere. I know some PHP and that's about it.
It's doable using php...
Just use easybitcoin:
https://github.com/aceat64/EasyBitcoin-PHP
then build a connection
Code:
require_once('easybitcoin.php');
$bitcoin = new Bitcoin('[your rcp username here]','[your rcp password here]','[bitcoind\'s ip address here]','8332');
then you can just send requests
for example, to decode a raw transaction stored in the variable $raw
Code:
$decoded = decoderaw($raw, $bitcoin)
Thanks but that's all still over my head. I'm just about finished integrating the Blockchain API. It's looking good thus far.
