Blockchain WebHooks: Simple API For Monitoring Bitcoin Wallet Addresses
The blockchain environment is a highly transactional one and most usage patterns demand knowing when events occur. These events could be anything like unconfirmed transactions distributed throughout the network, price changes in the market and also changes in your crypto wallet among others. Rather than requiring the user to constantly poll your blockchain resources to keep track of all this information, you can use a webhooks service like Blockchain WebHooks. Read on and find out more details about how this blockchain API works.
About Blockchain WebHooks
Blockchain WebHooks offers a dedicated and straightforward service that posts all transaction information to the web URL that you provide. The webhooks will be triggered immediately after the initial confirmation within the blockchain network for those transactions. For added security, Blockchain WebHooks recommends the use of HTTPS callbacks as well as ensuring that you fill in the URL information correctly. This webhooks service is the most dependable method of getting all event notifications on the specific blockchain addresses.
Whether you have private or publicly hosted nodes, you can count on this webhooks service to deliver instant alerts on any account changes. Besides hosting and managing privately hosted full node blockchain networks, the system also enables you to customize the webhooks to your liking. You can choose to trigger or activate the webhooks after more than six confirmations to add a double-spend safeguard or various other customization options to get the most out of your webhooks.
Currently, the Blockchain Webhooks network supports BTC testnet and livenet along with BTC and TBTC. The firm plans on adding support for all leading blockchain networks, including Litecoin network, Ethereum and Bitcoin Cash, which are all under construction and should be launched soon. The primary goal is to assist in ensuring that all bitcoin projects are running as efficiently as possible. Also, the platform is looking towards its community as its build its API for suggestions regarding which coins to add and also improving on some of its features.
How Blockchain WebHooks Works
Webhooks are a way that applications communicate with each other automatically. It is how PayPal notifies your accounting application when a client pays you. These automatic notifications will be sent every time something new occurs in your account. If you are using crypto wallets or the blockchain system in general, it is important to appreciate how the importance of webhooks, specifically if you are interested in automatically pushing data from a certain address to another.
Blockchain WebHooks offers a JSON API system for creating, viewing and testing webhooks. There are plenty of well-documented examples on how you can create your first webhook on this platform, including a free package to run your initial tests. Once you provide the URL of your wallet or bitcoin address, the app will send automatic messages or payloads to that address every time new changes occur.
Blockchain Webhooks wants everyone to use their services with the least friction and difficulty possible, hence the availability of the free trial plan with 100 webhooks, three requests per second and 100 requests per hour. The Basic plan is $14.95 per month with 200 requests per hour and 500 webhooks along with email support. Other notable plans include the Basic Plus ($29.95), Team ($49.95) and Production ($79.95). There is also an Enterprise package that offers an unlimited number of webhooks and requests per second and hour.